Public Service Enterprise Group is testing a key confluence area near the lower boundary of a descending wedge and the midline of a broader channel.

Momentum is beginning to improve. Stochastics are crossing upward after reaching oversold conditions, while a potential bullish RSI divergence is forming. I would like to see RSI turn higher and reclaim its average for additional confirmation.

Trade plan
Entry zone: approximately $75.75–$76.30
Target 1: 100/200 SMA cluster near $79.60–$80.06
Target 2: upper wedge resistance

If price eventually breaks above the upper wedge and successfully retests it as support, the setup could transition into a larger bullish continuation trade.

Invalidation

The bullish thesis would be invalidated by two daily closes below $74.72.

This remains a conditional bounce setup. The preferred confirmation would be continued strength in stochastics, RSI reclaiming its average, and price holding the lower-wedge support area.

Educational analysis only—not financial advice.