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.
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.
Note
I think the reason why this didn't tank is because it didn't participate in the BS rally last week.Note
Looks like it's going to break downwards from the pennant, I don't recommend going long until next week.Note
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.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.