Obama has finally won the US presidential election to be the 44th president and the first African American to get into the white house. The Asian stock generally reacted positively to the news, but Europe and US market seem to be in the red as I am writing this post. There might be some profit taking action going on.
Do you think the rally will still last? What is my stock pick today?
Stock Picks Near Resistance – Airtran Holdings Inc
I have been posting for the past few days about a possible retracement or correction as many stocks are trading near the resistance. (Stock Picks Part 1 & Part 2 & McDonald & Lorillard)
I might have picked too many the few days, but I just narrow down to select only one stock pick today. That’s Airtran Holdings Inc. AAI is trading near the 200d MA resistance, plus indicator are also suggesting a possible correction. I am using my 5 steps stock trading process to take a calculated risk to short with a stop loss.
Let’s keep our eyes on the market and see how it moves in the next few day!
Stock Picks - Airtran Holdings Inc
DISCLAIMER: This information is used for learning purposes only. It does not constitute an offer or solicitation to buy or sell. You should do your own analysis on top of my postings.
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