RSI2 Pullbacks for April 12 |
By Mean Reversion Trader |
Published
04/11/2024
|
Stocks
|
Unrated
|
|
RSI2 Pullbacks for April 12
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 AM Antero Midstream Corp BBVA Banco Bilbao Vizcaya Arg ADS BYON Beyond Inc CAH Cardinal Health Inc CB The Chubb Corp FAST Fastenal Co FROG JFrog Ltd GES Guess? Inc PFG Principal Finl Grp PRU Prudential Finl T AT&T Inc UNM Unum Grp VZ Verizon Communications
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.
|