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RSI2 Pullbacks for January 18
http://www.tigersharktrading.com/articles/46325/1/RSI2-Pullbacks-for-January-18/Page1.html
By Mean Reversion Trader
Published on 01/17/2024
 

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


RSI2 Pullbacks for January 18

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

ALLY Ally Finl Inc
BAC Bank of America Corporation
BEN Franklin Res Inc
BX Blackstone Inc
CAT Caterpillar Inc
CVNA Carvana Co Cl A
DD DuPont de Nemours Inc
FHN First Horizon National Corp
HOOD Robinhood Markets, Inc
ING ING Grp ADS
JPM JPMorgan Chase & Co
KEY KeyCorp
M Macy's, Inc.
RF Regions Finl Corporation
SCHW Charles Schwab Corp
SQ Block Inc
TFC Truist Financial Corp
USB US Bancorp
WFC Wells Fargo & Company
WY Weyerhaeuser Co

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

NONE

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.