RSI2 Pullbacks for February 18

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By Mean Reversion Trader | Published 02/17/2022 | Stocks | Unrated

RSI2 Pullbacks for February 18

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

CNP Centerpoint Energy
HSBC HSBC Hldg PLC
MKC Mccormick & Co
NSA Natl Storage Affiliates Tr
PFE Pfizer Inc

Short-side setups

HPP Hudson Pacific Properties, Inc
KHC The Kraft Heinz Company

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.