RSI2 Pullbacks for May 2 |
By Mean Reversion Trader |
Published
05/1/2024
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Stocks
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Unrated
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RSI2 Pullbacks 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
BSY Bentley Systems Inc DG Dollar General Corporation FIS Fidelity National Information HESM Hess Midstream Partners LP ICE Intercontinental Exchange Grp KMI Kinder Morgan Inc MA Mastercard Inc MIR Mirion Technologies Inc PSX Phillips 66 TGT Target Corp VNOM Viper Energy Inc
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
CCK Crown Hldg PERI Perion Networkn Ltd.
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.
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