RSI2 Pullbacks for April 16 |
By Mean Reversion Trader |
Published
04/15/2024
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Stocks
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Unrated
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RSI2 Pullbacks for April 16
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
AIG Amer Intl Grp CRH CRH Plc ADS CTVA Corteva Inc W CVNA Carvana Co Cl A DJT Trump Media & Technology Group ELAN Elanco Animal Health Inc EQH Equitable Holdings Inc HD Home Depot Inc HPE Hewlett-Packard Enterprise Co IBM Intl Business Machines Corp IOT Samsara Inc MET Metlife Inc MFC ManuLife Finl NU NU Holdings Ltd/Cayman Islands OVV Ovintiv Inc PAGS Pagseguro Digital Ltd SHOP Shopify Inc T AT&T Inc VKTX Viking Therapeutics Inc WU Western Union 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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