RSI2 Pullbacks for September 2 |
By Mean Reversion Trader |
Published
09/1/2022
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Stocks
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Unrated
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RSI2 Pullbacks for September 2
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
BF.B Brown-Forman Corp Cl B CDNS Cadence Design Systems CMC Commercial Metals EQNR StatoilHydro ASA NFE New Fortress Energy Inc OLLI Ollies Bargain Outlet Hldgs SBRA Sabra Healthcare REIT, Inc. SIGA Siga Tech Inc SJT San Juan Basin Rty Tr SNPS Synopsys Inc SPWR SunPower Corp SWIR Sierra Wireless
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
NONE
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.
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