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RSI2 Pullbacks for January 23
By Mean Reversion Trader | Published  01/22/2024 | Stocks | Unrated
RSI2 Pullbacks for January 23

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

EDU New Oriental Educ & Tech Grp
HOLI Hollysys Automation Tech
IMVT Immunovant Inc
PFLT PennantPark Floating Rate Cap
ROIV Roivant Sciences Ltd
TAL TAL Education Grp
TSN Tyson Foods 'A'
WRK Westrock 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

BOX Box, Inc
INSP Inspire Medical Systems Ins
PII Polaris Inc

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.