PCAR Pennant

2023年5月24日

No really sure if this is a true e=pennant or if it's just going flat like last summer (highlighted)

Kinda surprised it finished flat on a day the market tanked, not sure if that's bullish or just part of the whipsaw.

Indicators all flatlined as well.

2023年5月24日

註釋

I think the reason why this didn't tank is because it didn't participate in the BS rally last week.

2023年5月24日

註釋

Looks like it's going to break downwards from the pennant, I don't recommend going long until next week.

2023年5月25日

註釋

I've traded PCAR enough that I'm pretty sure today was a fake reversal. Bearish for tomorrow.

I don't trade PCAR options much, but if you do, check out the comments section.

Also, PCAR for whatever reason has a tendency to follow through on the previous day. Note how it went green on a day the market gapped down and red on a green market day, lol. Usually only lasts 15 minutes or less, but something to watch.