December 2024 Stock Pick Analysis: Be Merrier with These 2 Stocks

Table of Contents

Disclaimer

All articles are 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 or investments.

Disclaimer

All articles are 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 or investments.

Table of Contents

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.

It’s the time of the year for gatherings and winding down.

Have you planned for a walk down Orchard Road at night?

The colorful Christmas decorations are up, and jingles are played in the background.

It’s beginning to feel like Christmas.

What’s Christmas without gifts?

To help you possibly pay for your gatherings and gifts, I’ve identified 2 stocks that have a high chance of rising in December.

But before I share the 2 stocks, let’s review the stocks shared last month – Deckers Outdoor and Tapestry.

Both stocks were deemed ripe for a position trade when they were shared.

After an initial drop in the share price of Deckers Outdoor, it has rallied hard, bringing a return of almost 16%.

Tapestry’s shares have performed even better, bringing a return of over 25%.

Are you stoked to discover the stock’s I’ve shortlisted for December?

 

Corteva (NYSE: CTVA)

Corteva logo

Source: investors.corteva.com/events-and-presentations

 

1. About the Company

Corteva engages in agriculture solutions and food supply.

Founded in 1802, it has grown and developed new ways of increasing agriculture yield.

The company has also invested in companies all over the world to increase agriculture yield.

Does the market agree with its noble cause?

 

2. Position Trading (Daily)

Chart of Corteva

 

Here’s how you can tell whether the market agrees to Corteva’s noble cause – by reading the trend of its share price.

The share price of Corteva has exploded into an uptrend (you can tell from the number of blue candles, outlined or solid, against the number of red candles, outlined or solid).

Knowing this, you’ll want to searching for a buying opportunity.

Without the need to plot your support and resistance lines, trendlines, and more, you can tell whether Corteva’s shares are ready for a position trade.

How?

There are 2 main indicators which you’ll want to pay attention to – the green arrow and Trend Impulse Factor indicator.

Did you notice that there’s a green arrow under the latest candle of Corteva?

This suggests that a fresh bullish move is here.

Next, let’s see what the Trend Impulse Factor suggests.

Do you notice its bar has turned dark green?

A bar that’s in dark green indicates that this bullish move is likely to be sustained.

With the agreement of both indicators, the shares of Corteva are ripe for a position trade.

 

eBay (NASDAQ: EBAY)

eBay logo

Source: ebayinc.com

 

1. About the Company

eBay is an e-commerce company, providing an online marketplace.

Founded in 1995, this company caught the internet boom at the right time, getting their first sale almost immediately.

Acquisitions coupled with innovation has kept eBay as a market leader in its field.

Is the market optimistic about eBay?

Should you be considering to buy its shares for a position trade?

 

2. Position Trading (Daily)

Chart of eBay

Can you know easily tell the trend of eBay’s share price?

Yes, it’s in an unmistakable uptrend.

Therefore, you’ll want to be searching for a buying opportunity.

Without the need for technical tools such as support and resistance, you can tell whether its shares are ready for a position trade.

The first indicator to look for is the green arrow.

Do you see one under the latest candle of eBay’s price chart?

This signifies that a fresh uptrend is here, giving you an early start.

Shifting your attention to the bar of its Trend Impulse Factor indicator, do you notice that it is dark green in color?

That’s great news!

The presence of a green arrow and dark green bar indicates that this fresh uptrend is likely to be sustainable.

Hence, the shares of eBay is likely to be a winner for a position trade.

 

Conclusion

Source: unsplash.com

While you are out having a good time with your friends, and enjoying the decorations, these 2 stocks are highly likely to be bringing you a great return. They may even beat your expectations!

The market loves Corteva and eBay. Their stocks look ready for a position trade as well!

Identifying stocks that are ready for a position trade without stress is made possible with the 2 proprietary indicators – green arrow and Trend Impulse Factor.

Trading stocks without a proper system can be highly risky. This is why TGPS 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!

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Eric Lim

Having being coached in trading and in many aspects of life, Eric is a firm believer of success being the result of having a strong foundation. Hardwork, dedication, and practice are essential ingredients. He's always fascinated by the stock market and enjoys sharing his knowledge and discovery of the markets as a form of giving back to society. Swing and position trading are his favorite trading strategies.

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