I see PCAR trading in a possible cup and handle pattern with a hypothetical break out at 81.25 which is over the old high from 2019
I often use the handle low as a stop but you can also use mid cup level as a stop if the stock is super volatile (like SEDG)! The top blue line is the handle low (my text did not stick) (o: at 70.88 (ish) Mid cup is 65 (ish and the cup low is at 49 (ish)
There is some tough resistance on the way up so I will look for volume and signs of large player interest using the 1 minute time frame and I also use the negative volume indicator. ADX helps me with whether the stock is trending or not. PVT comes in handy as well. I just put them in my volume box.
I find the monthly and weekly candles to be very strong (I trade longer term) So a shooting star monthly candle at the top of a rally tells me not to buy, PCAR has a doji on monthly today
Target 2: 100 to 106
Trade safely and good luck!
I often use the handle low as a stop but you can also use mid cup level as a stop if the stock is super volatile (like SEDG)! The top blue line is the handle low (my text did not stick) (o: at 70.88 (ish) Mid cup is 65 (ish and the cup low is at 49 (ish)
There is some tough resistance on the way up so I will look for volume and signs of large player interest using the 1 minute time frame and I also use the negative volume indicator. ADX helps me with whether the stock is trending or not. PVT comes in handy as well. I just put them in my volume box.
I find the monthly and weekly candles to be very strong (I trade longer term) So a shooting star monthly candle at the top of a rally tells me not to buy, PCAR has a doji on monthly today
Target 2: 100 to 106
Trade safely and good luck!