This article is for education purposes only, and not to be taken as advice to buy/sell. Please do your own due diligence before committing to any trade/investment.
As the conflict in the Middle East continues, and peace talks failing to progress, how is the US stock market responding?
The market has been reacting positively! Did this catch you by surprise?
This is great news for traders and investors after seeing a decline in their portfolio a month ago.
If normalcy in the stock market continues, I’m eager to buy these 2 stocks to catch their big rise. But before I share the stocks I’ve uncovered, you may want to review the 2 stocks shared in April.
TeraWulf (NASDAQ: WULF)
Source: terawulf.com
1. About the Company
TeraWulf specializes in Bitcoin mining, using renewable energy.
The company is quite young, founded only in 2021.
Through a reverse merger, TeraWulf was able to get listed under a year of its incorporation.
Does the market like its unique business model? Let’s have a look at the chart of its share price to find out.
2. Position Trading (Daily)
Looking at the chart of TeraWulf, can you tell that traders and investors love the company’s shares?
This can be easily inferred from its might uptrend, which can be told by comparing the number of blue candles (outlined or solid) against the number of red candles (outlined or solid).
You won’t need to put on Moving Averages or draw trendlines to help you decide. When there are more blue candles, it indicates that the stock is in an uptrend.
Seeing that the shares of TeraWulf are in a solid uptrend, you’ll want to be on the lookout for a buying opportunity.
This brings me to the 2 proprietary indicators I have on my chart – the green arrow and Trend Impulse Factor.
Do you notice a green arrow under the latest candle of TeraWulf?
This tells us that a fresh bullish move is here!
Before I get carried away, let’s have a look at what the Trend Impulse Factor tells us.
Its bar is dark green in color. What does this mean?
This means that there’s sustained momentum in this fresh bullish move presently. Therefore, I’ll want to buy its shares for a position trade to catch its big move.
US Bancorp (NYSE: USB)
Source: usbank.com
1. About the Company
US Bancorp is a massive financial institution that offers lending, foreign exchange, investment management, banking, and other services.
Founded in 1929, the bank has a long and storied history. The bank has undergone multiple crises and emerged top.
Through a series of acquisitions, US Bancorp grew in size and expanded its operations.
Do traders and investors love its stock? Let’s have a look at its stock chart in the next section to find out.
2. Position Trading (Daily)
Without the need for Moving Averages or other charting tools, can you tell that the share price of US Bancorp is in a mighty uptrend?
This can be easily inferred from comparing the number of blue candles (outlined or solid) against the number of red candles (outlined or solid). When the majority of the candles are in blue, the stock is in a strong uptrend.
To increase your chances of success, look for a buying opportunity.
But, timing is important. You don’t want to get stuck with a stock that doesn’t bring you a return.
To help you better time your entry, 2 proprietary indicators have been formulated. They are the green arrow and Trend Impulse Factor.
With the sight of the green arrow under the latest candle of US Bancorp, this is a fresh bullish move.
Will I rush to buy its shares for a position trade?
Let’s take a look at what the Trend Impulse Factor indicator suggests.
Do you see that the color of its bar is not dark green yet?
This suggests that this fresh bullish move might not sustain, thus I’ll want to wait for it to turn dark green before buying its shares for a position trade.
Conclusion
Instead of selling in May and going away, I’ve searched for a position trading opportunity.
While combing the market for stocks to buy, I’ve uncovered these 2 great candidates – TerraWulf and US Bancorp.
A fresh bullish move has emerged for these 2 stocks. However, the momentum isn’t as strong as I’d like it to be for US Bancorp, as suggested by the Trend Impulse Factor indicator.
I’m waiting for the bar of the Trend Impulse Factor indicator to turn dark green to tell me that the shares of US Bancorp are ripe for a position trade.
On the other hand, the shares of TerraWulf look ready for a position trade.
Trading stocks without a proper system can be highly risky. This is why the TradersGPS (TGPS) system was created. The indicators will help you determine if a stock is ready for action to be taken. You won’t have to feel in the dark and make wild guesses.
What are your thoughts?
Share your thoughts with me below!
