Tiger Shark Trading, Daily Commentary from Professional Traders - http://www.tigersharktrading.com
RSI2 Pullbacks for April 8
http://www.tigersharktrading.com/articles/46670/1/RSI2-Pullbacks-for-April-8/Page1.html
By Mean Reversion Trader
Published on 04/5/2024
 

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


RSI2 Pullbacks for April 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

ADSK Autodesk, Inc
ARLO Arlo Technologies Inc
ATXS Astria Therapeutics, Inc. Comm
BEAM Beam Therapeutics Inc
BURL Burlington Stores Inc
BYON Beyond Inc
ELF e l f Beauty Inc
GPS Gap Inc
NXT Nextracker Inc
PAGS Pagseguro Digital Ltd
PATH UiPath Inc
QSR Restaurant Brands Intl Inc
SWTX SpringWorks Therapeutics Inc
WM Waste Mgt 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

EQNR Equinor ASA
TALO Talos Energy Inc

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.