Been staring at it all week since it left an open gap Friday, finally decided to play it this morning as noted in my ES1! post.
PCAR always fills open down gaps, so I figured it's the best play I can find on a whipsaw day. looking at how MFI went up, I'm thinking it might go overbought again on the daily which means this could be a bull flag.
So I posted 3 targets:
- Gap fill
- H&S target (this is the bear scenario)
- Bull flag target
Will decide tomorrow if I'm gonna hold it past the gap fill. Depends on what the rest of the market is doing.
This is still my favorite stock for my retirement account.
PCAR always fills open down gaps, so I figured it's the best play I can find on a whipsaw day. looking at how MFI went up, I'm thinking it might go overbought again on the daily which means this could be a bull flag.
So I posted 3 targets:
- Gap fill
- H&S target (this is the bear scenario)
- Bull flag target
Will decide tomorrow if I'm gonna hold it past the gap fill. Depends on what the rest of the market is doing.
This is still my favorite stock for my retirement account.
Nota
Gap filled, gonna hold with a trailing stop.I keep telling everyone PCAR always fills down gaps...
Nota
Setting the trailing stop at $73, it should rally with the market but that means I'm assuming the market rallies.Nota
Set the trailing stop at $73.5 where I was originally planning on exiting, this was a gap fill play. If it goes up from here it's all bonus money.Looks to me like it will at least double top even if it doesn;t break out
Dagangan ditutup: sasaran tercapai
I figured it hit the H&S target, and upper bound of the rangebound trading so I closed everything this morning. Didn't like the lack of follow through, probably too much too fast yesterday.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.