RSI2 Pullbacks for July 12

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By Mean Reversion Trader | Published 07/9/2021 | Stocks | Unrated

RSI2 Pullbacks for July 12

Entry on a break of the previous trading day's high. Stop below the deepest pullback low. Fund managers like to trap pullback traders by triggering a pullback entry, so ignoring a first thrust can often lessen risk.

Long-side setups

CBB Cincinnati Bell
NEOG Neogen Corp
UVV Universal Corp

Short-side setups

CCXI ChemoCentryx Inc
MTRX Matrix Service
NCNO nCino Inc

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.

It should not be assumed that the methods, techniques, or indicators presented on these websites will be profitable or that they will not result in losses. Past results are not necessarily indicative of future results. Examples presented on these websites are for educational purposes only. These set-ups are not solicitations of any order to buy or sell. The authors, Tiger Shark Publishing LLC, and all affiliates assume no responsibility for your trading results. There is a high degree of risk in trading.