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RSI2 Pullbacks for February 20
By Mean Reversion Trader | Published  02/16/2024 | Stocks | Unrated
RSI2 Pullbacks for February 20

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

AKAM Akamai Technologies
KNX Knight-Swift Trasportation Hld
PBF PBF Energy Inc Cl A

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

IEP Icahn Enterprises LP

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.