PCAR Udpate

PACCAR Inc.NASDAQ

Description

⋅ Nov 2, 2022 7:00 AM

Daily MFI way overbought and looks like a topping pattern.

No position, I do not short PCAR, it's been my go to stock for the past year, keeping my 401k green on gap fill plays.

I plan on waiting to go long even if it does throw a gap down.

Comment

⋅ Nov 2, 2022 7:35 PM

Could've mad money shorting this today, lol.

Perfectly timed warning on the reversal, the night before it happened.... gave my followers a chance to review the chart before it happened.

Comment

⋅ Nov 3, 2022 5:11 PM

I lied, went long on the gap today. Still holding since I think the market gaps up tomorrow, gonna close it then but I think this might hit $100

Trade closed manually

⋅ Nov 4, 2022 1:55 PM

Any time this moves $2, I take the easy money and run. Have a nice weekend.

Chart Patterns Technical Indicators

Comments

BoomerMo

⋅ Nov 3, 2022 7:51 PM

The Hippo headfake. :P
Looks like it provided for you again on a day when the market is bleh. Good trade.

hungry_hippo

⋅ Nov 4, 2022 3:11 PM

@BoomerMo, yeah, I love this stock. More than half my 401k gain is from this stock alone this year. Unlike everyone else, I'm green in my 401k playing the gap fill with PCAR. It's the safest play in a wacked up market.

People look at the whipsaw chart and ask "how can you play that"? Well, a gap down followed by ES1! (SPX futures) going oversold on the 3 hr means a pop up the next day. ES1! going oversold is why I changed my mind and bought.

1k shares = 4k profit this time around
My 401k is happy this week.