RSI2 Pullbacks for January 20 |
By Mean Reversion Trader |
Published
01/19/2023
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Stocks
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Unrated
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RSI2 Pullbacks 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
ASB Associated Banc-Corp BERY Berry Plastics Grp Inc CSCO Cisco Systems DKS Dick's Sporting Goods ETN Eaton Corp FL Foot Locker GIS Genl Mills GPC Genuine Parts MCHP Microchip Tech OMC Omnicom Grp Inc TSCO Tractor Supply TXT Textron, 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
AMED Amedisys Inc INFY Infosys Tech Ltd ADS KSS Kohl's Corp NEOG Neogen Corp PSFE Paysafe Ltd TRIP TripAdvisor Inc TWO Two Harbors Inv Corp
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.
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