RSI2 Pullbacks for August 2 |
By Mean Reversion Trader |
Published
08/1/2023
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Stocks
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Unrated
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RSI2 Pullbacks for August 2
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
JEF Jefferies Financial Group LYV Live Nation Entertainment, Inc PNW Pinnacle West Cap Corp SSYS Stratasys Ltd TPX Tempur Sealy Intl Inc ZBH Zimmer Biomet 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
AR Antero Resources Corp 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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