Tiger Shark Trading, Daily Commentary from Professional Traders - http://www.tigersharktrading.com
RSI2 Pullbacks for April 22
http://www.tigersharktrading.com/articles/46730/1/RSI2-Pullbacks-for-April-22/Page1.html
By Mean Reversion Trader
Published on 04/19/2024
 

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


RSI2 Pullbacks for April 22

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

AMZN Amazon.com Inc
ANET Arista Networks
ASX ASE Industrial Holding Co W/I
AVTR Avantor Inc
CAT Caterpillar Inc
CPRT Copart Inc
ETN Eaton Corp
HIMS Hims & Hers Health Inc
HLT Hilton Worldwide Hldg Inc
HPE Hewlett-Packard Enterprise Co
MRVL Marvell Tech Inc
MSFT Microsoft Corp
MU Micron Tech
NU NU Holdings Ltd/Cayman Islands
PAGS Pagseguro Digital Ltd
PCAR PACCAR Inc
PLTR Palantir Tech Inc
PR Permian Resources Corp
QCOM Qualcomm Inc
TSM Taiwan Semiconductor Mfg ADS

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

UNH UnitedHealth Grp Inc

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.