RSI2 Pullbacks for January 18 |
By Mean Reversion Trader |
Published
01/17/2024
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Stocks
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Unrated
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RSI2 Pullbacks for January 18
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
ALLY Ally Finl Inc BAC Bank of America Corporation BEN Franklin Res Inc BX Blackstone Inc CAT Caterpillar Inc CVNA Carvana Co Cl A DD DuPont de Nemours Inc FHN First Horizon National Corp HOOD Robinhood Markets, Inc ING ING Grp ADS JPM JPMorgan Chase & Co KEY KeyCorp M Macy's, Inc. RF Regions Finl Corporation SCHW Charles Schwab Corp SQ Block Inc TFC Truist Financial Corp USB US Bancorp WFC Wells Fargo & Company WY Weyerhaeuser Co
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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