Tiger Shark Trading, Daily Commentary from Professional Traders - http://www.tigersharktrading.com
RSI2 Pullbacks for June 14
http://www.tigersharktrading.com/articles/45363/1/RSI2-Pullbacks-for-June-14/Page1.html
By Mean Reversion Trader
Published on 06/13/2023
 

Find out which overbought and oversold stocks are poised for pullbacks to their mean.


RSI2 Pullbacks for June 14

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

FSK FS KKR Capital Corp
TDW Tidewater 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

ARQT Arcutis Biotherapeutics Inc
ARVN Arvinas Inc
BNTX BioNTech SE
CI The Cigna Group
DLO Dlocal Ltd
FHN First Horizon National Corp
FYBR Frontier Communications Parent
G GENPACT LIMITED
IEP Icahn Enterprises LP
LUV Southwest Airlines Co
PLNT Planet Fitness Inc
ULTA Ulta Beauty Inc

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.