PACCAR Inc.Updated PCAR - HEAD AND SHOULDERS
PCAR has been developing a large head and shoulders pattern since January. Using the Edwards and Magee 3% entry rule this would put us at $75.21 with a price target of $91.71 and an entry stop at $65.94 giving us a R/R of 16.5.
Note
still long this one after an entry price of 75.25. PCAR has now cleared its only resistance at 79.72 and Im looking for it to continue to its price target at $91.71
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Disclaimer
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.