Strength on PCAR stock

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Strength on PCAR stock PACCAR Inc.NASDAQ:PCARVSA_HomePaccar Inc. stock looks strong. We can see that since October 2024, the largest volume occurred after publishing earnings reports or on ex-dividend dates. Please note that: - All bars on those days are down with the closing price in the middle of the bar which in Volume Spread Analysis (VSA) indicates strength. - The volume on the October 22nd 2024 daily bar is the largest till now and the current price is above it. - All professional activity after October 2024 is happening around the buying zone created during the October 22nd bar (blue rectangle $104.38 - $104.91). - Recent buying (February 12th) breaks the previous low ($102.64) and recovers above that level which is a Wyckoff's Spring. This all is very bullish. Still, the last testing showed the presence of supply. If professionals can absorb the supply, we may expect a rally towards $116.01 - $117.83 with potential resistance in the $112.18 - $114.73 zone. Otherwise, another leg down to $100.01 for more buying is possible.