RSI2 Pullbacks for December 29 |
By Mean Reversion Trader |
Published
12/28/2022
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Stocks
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Unrated
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RSI2 Pullbacks for December 29
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
AGIO Agios Pharmaceuticals Inc CARS Cars.com Inc CHGG Chegg Inc FLNC Fluence Energy Inc GMAB Genmab A/S Americal Dep SAP Sap Ag ADS URBN Urban Outfitters
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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