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RSI2 Pullbacks for January 5
http://www.tigersharktrading.com/articles/46275/1/RSI2-Pullbacks-for-January-5/Page1.html
By Mean Reversion Trader
Published on 01/4/2024
 

Find out which overbought and oversold stocks are poised for pullbacks to their mean.


RSI2 Pullbacks for January 5

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

AAPL Apple Inc
AMAT Applied Materials
AMZN Amazon.com Inc
AVTR Avantor Inc
BKR Baker Hughes a GE Co Cl A
CLF Cleveland-Cliffs Inc
CMCSA Comcast Cl A
FL Foot Locker
GPS Gap Inc
MCHP Microchip Tech
PATH UiPath Inc
PINS Pinterest Inc
QCOM Qualcomm Inc
RITM Rithm Capital Corp
RIVN Rivian Automotive, Inc. Class
RKT Rocket Cos Inc
RUN Sunrun Inc
S SentinelOne Inc
SQ Block Inc
TSM Taiwan Semiconductor Mfg ADS

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

AMLX Amylyx Pharmaceuticals Inc
BCE BCE Inc
PNW Pinnacle West Cap Corp
TAK Takeda Pharmaceutical Co Ltd
UL Unilever PLC

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.