RSI2 Pullbacks for February 7 |
By Mean Reversion Trader |
Published
02/6/2024
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Stocks
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Unrated
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RSI2 Pullbacks for February 7
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
ASB Associated Banc-Corp AX Axos Financial Inc CUZ Cousins Properties DOCU DocuSign Inc ENLC Enlink Midstream LLC FSK FS KKR Capital Corp FULT Fulton Finl Corp IONS Ionis Pharma Inc KRC Kilroy Realty Corp OBDC Blue Owl Capital Corp ONB Old Natl Bancorp(Ind) STWD Starwood Ppty Trust Inc VNO Vornado Realty Trust WRK Westrock 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
ALGN Align Tech DEO Diageo Plc MORF Morphic Holding Inc
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.
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