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RSI2 Pullbacks for January 8
http://www.tigersharktrading.com/articles/46281/1/RSI2-Pullbacks-for-January-8/Page1.html
By Mean Reversion Trader
Published on 01/5/2024
 

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


RSI2 Pullbacks for January 8

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
ACN Accenture PLC (Ireland) NEW
AKAM Akamai Technologies
AMAT Applied Materials
AVDX AvidXchange Holdings, Inc. Com
CDNS Cadence Design Systems
CPRT Copart Inc
EAT Brinker Intl Inc
EXEL Exelixis Inc
LYFT Lyft Inc
NTAP NetApp Inc
PANW Palo Alto Networks Inc
RIVN Rivian Automotive, Inc. Class
RUN Sunrun Inc
SBRA Sabra Healthcare REIT, Inc.
SNPS Synopsys Inc
SQ Block Inc
SYM Symbotic Inc
UNP Union Pacific Corp
YETI YETI Holdings 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

AMLX Amylyx Pharmaceuticals Inc
BCE BCE Inc
BTI British Amer Tobacco ADS
PNW Pinnacle West Cap Corp
TAK Takeda Pharmaceutical Co Ltd

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.