Leading Pullback Setups For May 2 |
By Pullback Trader |
Published
05/1/2024
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Stocks
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Unrated
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Leading Pullback Setups For May 2
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
AA Alcoa Corp APH Amphenol Corp A AR Antero Resources Corp AXP American Express Co BAC Bank of America Corporation BK Bank of New York Mellon Corp CARR Carrier Global Corp CHK Chesapeake Energy Corp COP ConocoPhillips CVX Chevron Corporation DVN Devon Energy EBAY eBay Inc EOG EOG Resources EQT EQT Corp GE General Electric Co HES Hess Corporation K Kellanova KR Kroger Co MCHP Microchip Tech MDLZ Mondelez Int'l Inc Cl A MU Micron Tech PEP Pepsico Inc PXD Pioneer Natural Resources PYPL PayPal Hldgs Inc RCL Royal Caribbean Cruises TSLA Tesla Inc TXN Texas Instruments UAL United Airlines Hldgs Inc WMB Williams Companies XOM Exxon Mobil
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
AJG Gallagher (Arthur J.) BERY Berry Plastics Grp Inc BRO Brown & Brown CB The Chubb Corp CHRW C.H. Robinson Worldwide Inc CINF Cincinnati Finl EG Everest Group Ltd FFIN First Finl Bankshs Inc GL Globe Life Inc HELE Helen Of Troy Ltd HIG Hartford Finl Svcs Grp HON Honeywell Intl INCY Incyte Corp KNSL Kinsale Cap Grp Inc MDT Medtronic plc MMC Marsh & McLennan Companies Inc RBC RBC Bearings Inc. REGN Regeneron Pharmaceuticals SIGI Selective Insurance Gr SSD Simpson Manufacturing Co Inc TDY Teledyne Technologies TFX Teleflex Inc WAT Waters Corp WRB W R Berkley Corp WST West Pharmaceutical Svcs WTW Willis Towers Watson Public Li
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.
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