RSI2 Pullbacks for May 31 |
By Mean Reversion Trader |
Published
05/30/2023
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Stocks
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Unrated
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RSI2 Pullbacks for May 31
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
ABC AmeriSourceBergen Corp AEM Agnico Eagle Mines Ltd BLMN Bloomin' Brands Inc CAH Cardinal Health Inc CNK Cinemark Hldg Inc GIS Genl Mills GPK Graphic Packaging Hldg Co HSY The Hershey Co KMB Kimberly-Clark Corp LULU Lululemon Athletica Inc MDLZ Mondelez Int'l Inc Cl A NEWR New Relic Inc PEP Pepsico Inc SNY Sanofi Aventis UL Unilever PLC VRTX Vertex Pharmaceuticals WELL Welltower OP Inc YUM Yum! Brands Inc ZBH Zimmer Biomet Hldgs Inc ZTS Zoetis 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
ENPH Enphase Energy Inc TSN Tyson Foods 'A' MC Moelis & Co
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.
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