PCAR is forming a pennant, there is an open gap above but I don't think that guarantees that this breaks upwards. I also have a bias towards pennant being a continuation pattern, not a reversal.
Either way, I think it whipsaws at least a couple more days.
Note: This is an hourly chart so indicators aren;t very meaningful unless you are day trading.
Either way, I think it whipsaws at least a couple more days.
Note: This is an hourly chart so indicators aren;t very meaningful unless you are day trading.
註釋
Daily chart pattern looks just like last May, which showed a fake reversal the day after a big drop. Gonna wait until Thus afternoon to see where we are at.This morning's "gap" was dividend payout so probably doesn't matter.
註釋
I think it's just backtesting the pennant. Did not go long today
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