RSI2 Pullbacks for May 3 |
By Mean Reversion Trader |
Published
05/2/2022
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Stocks
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Unrated
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RSI2 Pullbacks for May 3
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
ABC AmeriSourceBergen Corp AMGN Amgen Inc AMX America Movil S.A.B. de C.V. BCE BCE Inc CTXS Citrix Systems Inc DNP DNP Select Income Fd FE FirstEnergy Corp FLR Fluor Corp HSIC Henry Schein Inc IPI Intrepid Potash Inc KR Kroger Co MDRX Allscripts Healthcare Solution NI Nisource Inc OGE OGE Energy Corp
Entry on a break of the previous trading day's low. Stop above the deepest pullback high. Fund managers like to trap pullback traders by triggering a pullback entry, so ignoring a first thrust can often lessen risk.
Short-side setups
BEKE KE Holdings Inc JD JD.com Inc PDD Pinduoduo Inc ZTO ZTO Express Cayman Inc
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.
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