PCAR is forming a pennant, there is an open gap above but I don't think that guarantees that this breaks upwards. I also have a bias towards pennant being a continuation pattern, not a reversal.
Either way, I think it whipsaws at least a couple more days.
Note: This is an hourly chart so indicators aren;t very meaningful unless you are day trading.
Either way, I think it whipsaws at least a couple more days.
Note: This is an hourly chart so indicators aren;t very meaningful unless you are day trading.
Commento:
I think it's just backtesting the pennant. Did not go long today
This morning's "gap" was dividend payout so probably doesn't matter.