$PCAR - Elliot Wave Projection Long

PACCAR Inc.NASDAQ

Description

⋅ Mar 14, 2021 4:18 PM

I am very bullish on PCAR because of a confluence of factors, but here is my EW projection as well. Wave 5s are a 1.618 extension of wave 1, which puts this stock at $130.

There is also a nice symmetrical triangle on the weekly chart.

I am mega bullish and long via call spreads.