RSI2 Pullbacks for December 16 |
By Mean Reversion Trader |
Published
12/15/2022
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Stocks
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Unrated
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RSI2 Pullbacks for December 16
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
AMGN Amgen Inc ATEN A10 Networks Inc BMY Bristol-Myers SQUIBB CCRN Cross Country Healthcare FHI Federated Hermes Inc FL Foot Locker GPS Gap Inc HUM Humana Inc IBKR Interactive Brokers Grp Inc ROL Rollins Inc UBSI United Bankshs UTZ Utz Brands Inc
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
SBH Sally Beauty Hldgs Inc SBLK Star Bulk Carriers Corp ZIONO Zions Bancorp O
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.
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