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RSI2 Pullbacks for May 3
By Mean Reversion Trader | Published  05/2/2024 | Stocks | Unrated
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.