RSI2 Pullbacks for August 1 |
By Mean Reversion Trader |
Published
07/31/2023
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Stocks
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Unrated
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RSI2 Pullbacks for August 1
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
AON Aon Plc / Ireland HCA HCA Healthcare Inc LYV Live Nation Entertainment, Inc PFGC Performance Food Grp Co USFD US Foods Hldg Corp
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
AR Antero Resources Corp ASC Ardmore Shipping Corp CVBF CVB Finl DAWN Day One Biopharmaceuticals, In KDP Keurig Dr Pepper Inc STNG Scorpio Tankers Inc
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.
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