RSI2 Pullbacks for February 24 |
By Mean Reversion Trader |
Published
02/23/2023
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Stocks
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Unrated
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RSI2 Pullbacks for February 24
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
BABA Alibaba Group Holding Ltd BHP BHP Billiton Ltd ADR CMC Commercial Metals CTSH Cognizant Tech Solutions'A' DD DuPont de Nemours Inc E Eni S.P.A. EBAY eBay Inc FL Foot Locker FNF Fidelity Natl Finl Inc HPE Hewlett-Packard Enterprise Co LYB LyondellBasell Ind N.V. NE Noble Corp PLC NFLX Netflix Inc RJF Raymond James Finl STT State Street Corp TD Toronto-Dominion Bk VLY Valley National Bancorp WPM Wheaton Precious Metals Corp ZIP ZipRecruiter 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
LXU LSB Industries, Inc
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.
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