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

ACLX Arcellx Inc
CNK Cinemark Hldg Inc
CROX Crocs Inc
FRPT Freshpet Inc
INVA Innoviva Inc
PTGX Protagonist Therapeutics Inc
RMBS Rambus Inc
WFRD Weatherford Intl plc

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

ACRS Aclaris Therapeutics Inc
NVRO Nevro Corp
PYPL PayPal Hldgs Inc

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.