RSI2 Pullbacks for August 17 |
By Mean Reversion Trader |
Published
08/16/2023
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Stocks
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Unrated
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RSI2 Pullbacks for August 17
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
ABNB Airbnb Inc ABR Arbor Realty Trust ARCC Ares Cap Corporation BIDU Baidu Inc BX Blackstone Inc ENVX Enovix Corporation Common Stoc GFI Gold Fields Ltd HOOD Robinhood Markets, Inc HSBC HSBC Hldg PLC JWN Nordstrom Inc KR Kroger Co KSS Kohl's Corp NIO NIO Inc NYCB New York Community Bancorp OTIS Otis WorldWide Corp W TSLA Tesla Inc U Unity Software Inc VIPS Vipshop Hldg Ltd XPEV Xpeng Inc Z Zillow Grp Inc Cl C
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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