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PACCAR Inc.

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PCAR trade ideas

V Bottom ABC BullishStop goes under C as a rule and the Target is D PCAR also formed a V Bottom and got off the bottom quickly. The was caught up in a bearish rising and narrowing wedge which has slowed it down significantly. Support looks firm for now V Bottom: Price will usually make a fast and furious move down with little or no pauses. Usually a one day reversal or an island reversal forms pushing it off the bottom and then price rises up in the same fashion it went down in and is usually a mirror image of the leg down. Best to wait 2 o3 days at bottom to be sure the trend changes. Not a recommendation
NASDAQ:PCARLong
by lauralea
2
Cup and HandlePCAR made a run to 91.27 and was extremely overbought. The weekly and monthly candles suggest this will pull back some more verses close on Friday It has pulled back and perhaps making another stab at hitting higher targets. Targets are only targets but overbought and market conditions can interfere so be aware. I try not to chase a stock. Let it roll back to where I want it. If it does not, there are plenty more stocks to buy There will most likely be resistance at the prior high ): Not a recommendation
NASDAQ:PCARLong
by lauralea
Cup and HandleI see PCAR trading in a possible cup and handle pattern with a hypothetical break out at 81.25 which is over the old high from 2019 I often use the handle low as a stop but you can also use mid cup level as a stop if the stock is super volatile (like SEDG)! The top blue line is the handle low (my text did not stick) (o: at 70.88 (ish) Mid cup is 65 (ish and the cup low is at 49 (ish) There is some tough resistance on the way up so I will look for volume and signs of large player interest using the 1 minute time frame and I also use the negative volume indicator. ADX helps me with whether the stock is trending or not. PVT comes in handy as well. I just put them in my volume box. I find the monthly and weekly candles to be very strong (I trade longer term) So a shooting star monthly candle at the top of a rally tells me not to buy, PCAR has a doji on monthly today Target 2: 100 to 106 Trade safely and good luck!
NASDAQ:PCARLong
by lauralea
$PCAR ~ It's Time to Short the Trucking IndustryThis entire stock is being propped up, and as tariffs are enacted the sale of heavy trucks will decline as the trucking industry's workload declines. The sale in heavy trucks is cyclical with stocks and these stocks tend to drop the most just as heavy truck sales start to slide. Vice versa, by the time the correction in sales bottoms out stocks have already recovered. It just so happens a massive 2k slide in sales has just been recorded over the last month and a massive drop is just around the bend. $PCAR's chart overall looks terrible and the macro outlook of things is one massive parabolic advance. It's topping, and it's obvious. Trend rejections are at an all time high and volume is tapering off. I think we will see the biggest correction to date within ~6 months and it's time to load shorts/puts. It's very possible that a 50% or more drop will occur. Take the time to correlate $PCAR's previous corrections to the heavy truck sales chart and you will understand what is to come. Not to mention, short-term I look for Tesla to make an announcement regarding their autonomous semi's as it's rumored for pre-orders to start soon. This news alone will be a great catalyst to cash out on as major trucking manufactures will see a hit in their stock. The current trucking industry is slow to adapt and other companies beside Tesla are moving in to capitalize as Daimler launches their line of electric semi's. A massive correction is coming and a lot of propped-up companies will die off as the bubble bursts. It's the perfect storm. Don't miss out an easy play!
NASDAQ:PCARShort
by r0me0