PCAR Update

They beat on earnings but barely. Substantial selloff in terms of price, but not volume.

Almost hit the bear flag target, and it's oversold on the daily with positive MFI divergence, but I'm gonna wait until tomorrow to see if it hits my target before going long. If it doesn't I'll skip the trade.

Yorum:

Almost looks like it's forming another bear flag here, and if that's the case then we'll see it drop below $100.

Looks like a dead play because it's firmly in the red while the market is pumping. Not gonna short it though because it doesn't gap down.