Tiger Shark Trading, Daily Commentary from Professional Traders - http://www.tigersharktrading.com
RSI2 Pullbacks for April 16
http://www.tigersharktrading.com/articles/46705/1/RSI2-Pullbacks-for-April-16/Page1.html
By Mean Reversion Trader
Published on 04/15/2024
 

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


RSI2 Pullbacks for April 16

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

AIG Amer Intl Grp
CRH CRH Plc ADS
CTVA Corteva Inc W
CVNA Carvana Co Cl A
DJT Trump Media & Technology Group
ELAN Elanco Animal Health Inc
EQH Equitable Holdings Inc
HD Home Depot Inc
HPE Hewlett-Packard Enterprise Co
IBM Intl Business Machines Corp
IOT Samsara Inc
MET Metlife Inc
MFC ManuLife Finl
NU NU Holdings Ltd/Cayman Islands
OVV Ovintiv Inc
PAGS Pagseguro Digital Ltd
SHOP Shopify Inc
T AT&T Inc
VKTX Viking Therapeutics Inc
WU Western Union 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.