PCAR has been developing a large head and shoulders pattern since January. Using the Edwards and Magee 3% entry rule this would put us at $75.21 with a price target of $91.71 and an entry stop at $65.94 giving us a R/R of 16.5.
Comment:
still long this one after an entry price of 75.25. PCAR has now cleared its only resistance at 79.72 and Im looking for it to continue to its price target at $91.71