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RSI2 Pullbacks for February 5
By Mean Reversion Trader | Published  02/2/2024 | Stocks | Unrated
RSI2 Pullbacks for February 5

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

ACMR ACM Research Inc Cl A
BMO Bank Of Montreal
DEI Douglas Emmett Inc
EXEL Exelixis Inc
HUBG Hub Grp 'A'
NWBI Northwest Bancorp
RITM Rithm Capital Corp

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.