hungry_hippo

PCAR Update

hungry_hippo Updated   
NASDAQ:PCAR   PACCAR Inc
Really missed the boat this week, should've gone long Monday when it broke the channel line. Next time we know. Filled every gap except the top one.

Did an overlay of the highlighted area, probably whipsaws for a week then drops on CPI numbers next week. Plus pre-election jitters.

I expect earnings to be good, but no idea on guidance. We'll see what happens. In any case, this has been a really string stock throughout this bear market.
Comment:
*strong
Comment:
One thing I missed was that MFI went oversold on the daily. Something else to pay attention to next time.

I've made money this year in my 401k with this stock, main reason why I'm up this year in that account. Trying to improve my methods though.

If you noticed this stock is still at the same level as last Nov, it's why I keep playing with it. Better to play a rangebound stock in a bear market than trying to catch a falling knife.
Comment:
Also forgot to mention, open gap this morning. Watch this next week.
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