RSI2 Pullbacks for August 9 |
By Mean Reversion Trader |
Published
08/8/2023
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Stocks
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Unrated
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RSI2 Pullbacks for August 9
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
ALGM Allegro MicroSystems Inc BILL BILL Holdings Inc DDOG Datadog Inc GLBE Global-E Online Ltd. Ordinary GTES Gates Ind Corp PLC ISRG Intuitive Surgical LPX Louisiana-Pacific Corp SHOP Shopify Inc SPOT Spotify Technology SA TDC Teradata Corp TTWO Take-Two Interactive Software TXG 10x Genomics Inc U Unity Software Inc ZS Zscaler 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
NONE
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.
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