RSI2 Pullbacks for August 23 |
By Mean Reversion Trader |
Published
08/22/2023
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Stocks
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Unrated
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RSI2 Pullbacks for August 23
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
AFL AFLAC Inc CBRE CBRE Grp, Inc. CHTR Charter Communications Inc CME CME Grp Inc COST Costco Wholesale Corp FBIN Fortune Brands Innovations Inc FBP First BanCorp FDX FedEx Corp MDLZ Mondelez Int'l Inc Cl A MTG MGIC Inv OSTK Overstock.com Inc SATS EchoStar Corporation TEX Terex Corp UE Urban Edge Pptys WELL Welltower OP 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
SILK Silk Road Medical Inc
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.
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