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RSI2 Pullbacks for December 29
By Mean Reversion Trader | Published  12/28/2022 | Stocks | Unrated
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.