hungry_hippo

PCAR Update

hungry_hippo Updated   
NASDAQ:PCAR   PACCAR Inc
Daily RSI hit overbought with MFI divergence. That is usually bearish .

Made some money off the gap fill play from yesterday, held overnight because ES1! went oversold on my 3 hr chart. Glad I did.

Will wait for the next gap down before going long. I don;t plan on going long until Wed at the earliest though because of elections. As always it will be a one or two day play with my 401k.
Comment:
Amazing, still up $2 today. Waiting for the next gap down I guess, lol.
Comment:
If you pull up longer term daily charts, you'll see PCAR tends to drop after daily RSI gets overbought. Could go up one more week but don't expect it to go much higher.

Amazingly strong today, but not upset I sold. Will sleep easier this weekend.
Comment:
Looks like a reversal pattern today, watch for down gaps....
Comment:
OK, today is a reversal pattern, lol.

In any case, not buying back in unless we see an unfilled gap, it goes below $95, and ES1! goes oversold on my 3 hr chart.
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