RSI2 Pullbacks for April 27 |
By Mean Reversion Trader |
Published
04/26/2023
|
Stocks
|
Unrated
|
|
RSI2 Pullbacks for April 27
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
ADBE Adobe Inc AI C3.ai Inc ALGM Allegro MicroSystems Inc APO Apollo Asset Management Inc CDNS Cadence Design Systems CMCSA Comcast Cl A CNK Cinemark Hldg Inc FCX Freeport-McMoRan Inc IR Ingersoll-Rand Plc LMT Lockheed Martin Corp PGR The Progressive Corp SE Sea Ltd SGEN Seagen Inc YUMC Yum China Hldgs 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
NONE
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.
|