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RSI2 Pullbacks for May 2
By Mean Reversion Trader | Published  05/1/2024 | Stocks | Unrated
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.