Looks to me like it's gonna gap down today, but not sure I want to play this over the weekend since anything can happen
Based on previous drop and also the megaphone pattern, I'd take a stab at it if it leaves an open gap and hits $82.5 next week.
Note: PCAR did not fill gaps during the COVID drop, and this rate hike stuff is probably worse so just be aware that not all gaps will fill
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The one time I got burned on PCAR stock was the COVID drop, and this is starting to look awful familiar. PCAR stock is well above preCOVID levels, so I might stay out next week.
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Hit $82.60 and bounced today so you gotta love my charting skills, but I'm too skittish to hold anything overnight and I don't day trade my 401k.
No position
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Did not trade it, but that was a pretty chart though. My target was off by only 10 cents.
just too skittish to hold a long position over the weekend.