PCAR UpdateOverbought on the daily so it probably pulls back a bit and then gets a final kick up to fill that open gap above.
Market appears to be melting up so it could head straight for the gap without a pullback. We'll see.
PCAR trade ideas
PCAR UpdateRecord earnings and filled the gap. I didn't play it because I expected the market to go down yesterday and today.
It's "selling the news" due to the recent runup, I've seen this before, IIRC it did it twice back in 2018.
This is a good gap fill play though so hopefully it tanks wit the market and leaves an open gap again. Something to watch out for.
PCAR UpdateJust an update because I got back in again on the morning dip. It's done it 3 days in a row, lol.
After the morning dip it seems to melt up every day, looking like it still wants the gap fill. i might hold it overnight, we'll see. I mean even if the market gaps down PCAR is gonna fill that gap anyways, lol.
Fun safe stock to day trade the morning dip though.
PCAR UpdateI realized there's one more open gap to fill at $91.7
There's your target if you're long. Also sets up for a H&S pattern, and probably its overbought on the daily indicators at that point
PCAR PACCAR Inc Short Setup - Price Approaching ZoneAnother beautiful short setup developing on PCAR. Lovely risk/reward to first PT. I'll be taking this trade at the zone.
PCAR UpdateIt filled most of the gap after all, lol.
I made some money on this runup in my 401k, but didn't have enough faith to wait for the top. In any case, this is why I trade PCAR, watch out for gaps. Now it's got one below so it has to go down.
PCAR Gap PlayPCAR almost always fills gaps so I'm expecting it to fill the gap from yesterday. Bought a few shares today, it can take a few days to fill though.
If you trade stocks that likes to fill gaps, I think today is a good day to dip into some and then add Monday if Putin doesn't do anything crazy, lol. Small caps tend to fill gaps so take a look at the small caps in your watch list.
Cup and HandleIt is a bit difficult to be bullish on anything as of late. OUCH!
We have been in several bad trading days if you are a bull. The bears are winning as of late.
PACR is in a small triangle and a large cup.
If it breaks down from the triangle versus up, the handle may catch it.
Spinning top, indecision candle, today.
No recommendation
The market can remain irrational longer than you can remain solvent
PCAR Market is rough in some
Stocks. Am long PCAR here but I have tight stops. We got a 1 hour pop out of this falling wedge with great volume. Tarhet 100 resiatnce 91.80. watching for that to pop but this could
Breakout heavy next week.
Seasonal weakness in transportation The descending triangle could be confirmed. After the breakout on the downside, a bearish trend continuation could be established. For this, however, the current trading range would have to be exited to the downside. A breakout would activate a new price target at around $80.33. In the past 15 years the stock tends to be bearish between end Jul till end of Aug. last 9 of 15yr have been bearish.
broke out and retestNow that we have broke out the initial resistance expect a possible bounce near $88.00
PCAR Inverted H&SPosting this because a lot of stocks are showing the same pattern....
Target $94 - 95
Market looks bullish going into Ponzi Friday
PCAR Inverted H&SInverted H&S on the intraday, market pumping dividend stocks.
Got in while it was red today, April calls to be safe. Just back tested intra-week resistance.
Figured this is a safe play, it'll hit $100 again before end of April, hopefully much sooner.
$PCAR - Elliot Wave ProjectionI am very bullish on PCAR because of a confluence of factors, but here is my EW projection as well. Wave 5s are a 1.618 extension of wave 1, which puts this stock at $130.
There is also a nice symmetrical triangle on the weekly chart.
I am mega bullish and long via call spreads.
$PCAR - Symmetrical TriangleNice Symmetrical triangle here. Also a bullish MACD cross and a bullish RSI divergence.
I am long. Looking for $108.
