Leading Pullback Setups For January 20 |
By Pullback Trader |
Published
01/19/2023
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Stocks
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Unrated
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Leading Pullback Setups For January 20
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
AA Alcoa Corp AMAT Applied Materials AMZN Amazon.com Inc BBWI Bath & Body Works Inc BKR Baker Hughes a GE Co Cl A CAT Caterpillar Inc CFG Citizens Finl Grp Inc CMCSA Comcast Cl A CNP Centerpoint Energy DHI D.R. Horton DUK Duke Energy Corporation EBAY eBay Inc EIX Edison Intl EXC Exelon Corp FE FirstEnergy Corp FISV Fiserv Inc FOXA Twenty-First Century Fox Inc A FSLR First Solar Inc GE General Electric Co HAL Halliburton Co IPG Interpub Grp Cos JPM JPMorgan Chase & Co LEN Lennar Corp A M Macy's, Inc. MRNA Moderna Inc MS Morgan Stanley NFLX Netflix Inc NKE Nike Inc Cl B NOV NOV Inc NVDA Nvidia Corp O Realty Income ORCL Oracle Corp PPL PPL Corp RCL Royal Caribbean Cruises SBUX Starbucks Corp TEL TE Connectivity Ltd TGT Target Corp TJX TJX Companies UDR UDR Inc VTR Ventas 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
BMY Bristol-Myers SQUIBB CASY Casey's Genl Stores CVLT CommVault Systems Inc DINO HF Sinclair Corp DPZ Domino's Pizza NBIX Neurocrine Biosciences RRC Range Resources
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.
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