Tiger Shark Trading, Daily Commentary from Professional Traders - http://www.tigersharktrading.com
RSI2 Pullbacks for September 20
http://www.tigersharktrading.com/articles/45802/1/RSI2-Pullbacks-for-September-20/Page1.html
By Mean Reversion Trader
Published on 09/19/2023
 

Find out which overbought and oversold stocks are poised for pullbacks to their mean.


RSI2 Pullbacks for September 20

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

BILL BILL Holdings Inc
CDAY Ceridian HCM Holding Inc
DBX Dropbox Inc
ELF e l f Beauty Inc
FSLY Fastly Inc
GTLB GitLab Inc. Class A Common Sto
IOT Samsara Inc
NTNX Nutanix Inc Cl A
OKTA Okta Inc Cl A
PARR Par Pacific Hldgs Inc
ROKU Roku Inc Cl A
TTD The Trade Desk Inc Cl A
TWLO Twilio Inc Cl A

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

APLS Apellis Pharmaceuticals Inc
HPK HighPeak Energy Inc
LBTYA Liberty Global plc Cl A
LHX L3Harris Technologies Inc
TWO Two Harbors Inv Corp
WTW Willis Towers Watson Public Li

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.