RSI2 Pullbacks for May 3 |
By Mean Reversion Trader |
Published
05/2/2024
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Stocks
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Unrated
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RSI2 Pullbacks for May 3
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
AME Ametek, Inc CME CME Grp Inc COP ConocoPhillips COR Cencora Inc DG Dollar General Corporation ICE Intercontinental Exchange Grp INFA Informatica Inc MA Mastercard Inc PTC PTC 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
AWK American Water Works Co Inc BBIO BridgeBio Pharma Inc BE Bloom Energy Corp BNTX BioNTech SE PERI Perion Networkn Ltd. ZGN Ermenegildo Zegna Holditalia S
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.
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