12/12/24 - Here is a new SELL breakout chosen by a completely ru12/12/24 - Here is a new SELL breakout chosen by a completely rules based, mechanical trading system:
Stop Loss @ 118.41
Entry SELL @ 112.80
Target Profit @ 97.57
P1AC34 trade ideas
$PCAR with a bearish outlook following its earnings #StocksThe PEAD projected a bearish outlook for NASDAQ:PCAR after a negative under reaction following its earnings release placing the stock in drift D with an expected accuracy of 75%.
PACCAR ... buy opportunity Uptrend
Based on my strategy, a new trend will be formed after breaking a trend line and then passing out of a price level. This chart has both conditions and if chart does not form a high shadow above today's candle, I will get a buying position by setting a SL at about 100.
Next targets could be about 110 and 125.
Good luck.
PCAR is BullishPrice was in a strong down trend, however a matured bullish divergence signals that bulls are trying to win control of the price action, and if they succeed in doing so, we can expect a bullish rally from here, after the break of previous lower high. Targets are mentioned on the chart.
PCAR UpdateLooks like toast, lol.
I revised the bear flag target based on the pump last Friday. CAT got an earnings gap fill and is dropping now. The fact that PCAR didn't fill its earnings gap makes me very bearish, it's filled every gap since COVID. Feels like it's topped out.
PCAR UpdateOversold on the daily but no traction on a big up day for the market. Quit frankly higher unemployment is bad news, not good news. PCAR typically trades with the news, unlike the rest of the market, lol.
But regardless, I'm beginning to think it loses the support next week and has yet another leg down. It's looking like a dead play now.
PCAR UpdateThey beat on earnings but barely. Substantial selloff in terms of price, but not volume.
Almost hit the bear flag target, and it's oversold on the daily with positive MFI divergence, but I'm gonna wait until tomorrow to see if it hits my target before going long. If it doesn't I'll skip the trade.
$PCAR shortThe chart speaks for itself. Pccar went through some irrational bull market and most of its 2022 gains will be lost. I'm short, this is NFA.
PCAR IS LIKELY TO ADD 25% A nice Bullish Flag pattern is being filled.
For safe trade wait for closing above 90 $.
Targets : 95$ 101 $ and 113 $
Good Luck
RSI Bearish divergence + Insider selling + Overbought conditionsThe presence of RSI bearish divergence (on the Weekly and Daily timeframes), underscored by price making higher highs while RSI makes lower highs, coupled with insider selling totaling 2,818,600 USD by the CEO on the 2nd of February, indicates potential weakness in the stock's momentum.
Moreover, overextended prices on the weekly timeframe further bolster the case for a downward correction.
With these signals aligning, investors should remain vigilant for a potential retest of the 90 area in the next three months, presenting a strategic window for short positions.
Dowsing pic PCAR short @ $88Periodically, I let my pendulum choose a random ticker from pages and pages of tickers. Most of the time they're obscure companies, and this is another one I've never heard of. However, what a run! Apparently, they make trucks or something. I really don't care. What I do care about is their options are decent!
The scenario I'm getting is we take another stab at highs and go up into Friday (along with indexes). Then, something happens... It must be news or a catalyst because 3 times now, on different days, (including today) I get the option of "extreme selling" for this thing. (I do have possible major selling in indexes Fri/Mon).
It's not often I get the option for extreme selling, so it really gets my attention.
I've had dowsing choose tickers that didn't do jack for almost a month before the good moves, so I have asked for a time frame, but I'm not sure I'll be correct.
So because I think indexes are up this week, and dowsing says this is going up to almost $89, you could even play it long. But the bigger idea is to short this thing to a target of $75.
When/if we get around there I'll do an update because this may be a great buying opportunity as this has been super strong.
PCAR UpdateNot looking good for my favorite stock, it's not moving up with teh market but probably will move down with it.
If the market drops later this week (AAPL earnings?) PCAR will more than likely break support.
No position, I don't short PCAR because it always fills gaps down. CAT is easier, though oversold now.
$PCAR On watch for U&RNASDAQ:PCAR Beat Earrings and revenue and has been building a base for about 4 months now. I have this on my watchlist for an Undercut and Rally trade. All TBD.
See chart for notations and thought process. Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.
PACCAR (PCAR) reported earnings of $2.34 per share on revenue of $8.70 billion for the third quarter ended September 2023. The consensus earnings estimate was $2.07 per share on revenue of $7.99 billion. The Earnings Whisper number was $2.18 per share. The company beat expectations by 7.34% while revenue grew 23.20% on a year-over-year basis.
PACCAR Inc designs, manufactures and distributes light, medium and heavy duty trucks and related aftermarket parts.
PCAR UpdateLooks like the post earnings pump is over, kicking myself a little or not having the balls to hold Monday, lol.
Anyways, looks to me like it's gonna continue this rangebound trading then eventually fill that gap above. Daily direction will more than likely be the same as the market from here.
I'll continue to trade this stock on days when I expect the market to move up, because a rangebound stock is much safer than trying to catch a knife. Probably not trading until Fed day though
PCAR UpdateWent long today, I still think it's repeating the highlighted area..... which would make sense. I think the whole market bounces up Monday because it's oversold and hit support, then a small gap up Tuesday followed by selloff and double bottom next week.
Just a guess, I'd rather have it go pumptarded and fill that open gap up top, lol. Either way, I'm bullish for earnings, hope I'm right.
PCAR Oct 2018The last time PCAR went down in October was 2018, which also happens to be when the Fed raised rates pre-COVID. It gapped down on earnings, despite good numbers.
Earnings transcript:
www.fool.com
So maybe PCAR isn't a good earnings play. I'm still gonna go with it but not add any more Monday.
One thing to note is that the market gapped down that day and candlesticks looks the same for CBOE:SPX and PCAR, so it could be that the market ignored earnings and just traded the stock like normal.
Good luck
PCAR UpdateLow volume pump today, went up $1.80 on 400k volume. Last time it posted a similar chart pattern it double gapped down, and I had to add big to break even.
Gonna wait until Thu to see where this one goes.
Not chasing the market today.
PCAR Gap Fill Before EarningsBought PCAR toady on that second dip today, I was kicking myself yesterday for no going long at open.
Anyways, based on yesterday's action, I'm convinced it wants a gap fill before earnings. It may even retest the top. First, it's gotta get over that resistance at $87, hopefully the market gaps up tomorrow for Ponzi 401k paypday Friday.
If you trade PCAR, you may want to follow my ES1! posts, I mention it quite frequently, but don't always post plots.
PCAR UpdateVolume returned to normal after the 3 day selloff on no news.
Will go back to playing this whenever I think the market is heading up. Opted not to go long because of the holiday weekend though.
PCAR UpdateWell, I dumped this yesterday morning because it popped a buck, and made some decent money. Decided to plot this to see where it's headed. Based on losing the 50DMA and the price action this morning, one has to assume the action after earnings is a bear flag.
So I plotted the bear flag and target zone. Old resistance is usually new support, and this stock tends to fill open gaps. There are now 2 open gaps above, but I think it'll be a while before they fill.
Still on my watch list but not trading it for now.
PCAR UpdatePCAR has been doing range bound trading since earnings. It usually fills open gaps so maybe it finally pops up this time? I dunno, but picked up some stock today while it was red because it was at the bottom of the trading range.
We'll see how it looks next week.
Note: Chart is hourly, indicators don't mean anything. I just have a standard plot I use.
Technical and digital analysisWe notice that we are in a correction, that there is a divergence, and that there is an increase in the buying momentum. We are waiting for the end of the correction to buy
Technical and digital analysisWe notice that we are in a correction, that there is a divergence, and that there is an increase in the buying momentum. We are waiting for the end of the correction to buy
