RSI2 Pullbacks for August 10 |
By Mean Reversion Trader |
Published
08/9/2023
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Stocks
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Unrated
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RSI2 Pullbacks for August 10
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
AI C3.ai Inc ALGM Allegro MicroSystems Inc BILL BILL Holdings Inc BSY Bentley Systems Inc DDOG Datadog Inc GLBE Global-E Online Ltd. Ordinary LOW Lowe's Cos, Inc LZ LegalZoom.com, Inc. Common Sto MDB MongoDB Inc MGNI Magnite Inc NEO NeoGenomics Inc OWL Blue Owl Capital Inc PLTR Palantir Tech Inc RMBS Rambus 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
BTU Peabody Energy Corp MOS The Mosaic Co (New)
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.
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