Well, I have been published some stock market trends and some stock market picks from time to time. I found a few attractive stock market picks that is hard to resist. They are trading near to their 200d MA resistance and I believe they are going to fall soon based on technical analysis.
The reward/risk ratio are more than 2 and very attractive to me. Plus the major trend of these stocks are still down trending, so, it is now a best time to short. Therefore, I titled this post as “Please Do Not Read This if You Do Not Want Money”, it is a intended post only for those who like to make some money in the stock market.
Let’s check it out now!
Stock Market Picks – First American Cp (FAF)
I found a few stock that is trading very near to the 200d MA resistance now. 200d MA resistance is the toughest resistance among all moving average resistance. Therefore, I particularly like to trade on stock that is trading near 200d MA resistance or support because they offer a high winning rate.
I spotted First American Corp (FAF) as my stock picks today. It has just formed a new high but it has also hitted the 200d MA. The stock retrace yesterday with a dark candle. I am seeing it trading low than yesterday closing price as well. Looking at the reward / risk ratio, it is about 2 – 2.5 times, which is a good reward to me.
I have shorted on this stock today and I will keep everyone update on my position and its performance from time to time.
Some Other Stocks with Good Reward
I have also found a few more stocks with pretty good reward to risk ratio. The reason is the same as above as they are also trading at 200d MA resistance now and a dark candle formation was observed. There is likely to have some correction or retracement soon.
If you like to take a glance on which are the other stocks that is offering good reward, please register at Gold Mastermind Club to gain instant access to see the latest stock market picks. (Do Not See It if you Do not Like to Make Money
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.
Welcome back to InvestMoneyLab, you can now join our Facebook Friend of InvestMoneyLab to get a FREE Book by T. Harv Eker Now! You can also receive latest profitable trading system and stock picks for free in future. Thanks for visiting!














