hungry_hippo

PCAR Inverted H&S

Long
NASDAQ:PCAR   PACCAR Inc.
Inverted H&S on the intraday, market pumping dividend stocks.

Got in while it was red today, April calls to be safe. Just back tested intra-week resistance.

Figured this is a safe play, it'll hit $100 again before end of April, hopefully much sooner.
Comment:
Weak... probably better to wait until EOD
Trade closed: stop reached:
Got out cause bid hit my entry point, no gain
Comment:
Really odd, appears to be trading with small caps (IWM) even though it's a large cap dividend that's in QQQ and SPY
Comment:
Intraday chart is identical to IWM
Trade active:
Re-entered into calls here at the daily double bottom
Comment:
Tomorrow is Ponzi Friday plus PCAR almost always fills the gap even if teh market gaps down
Trade closed manually:
Bought the dip and I'm even so I bailed. Market should melt up today but AAPL looks weak, so I'm not feeling bullish. Done for the week, going all cash for teh weekend.

I think I'm gonna wait until ES1! and RTY1! to go oversold before playing this again, seems like it's at teh mercy of futures pump and dump.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.