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.
Red, red, and more red.
The stock market for the past 2 weeks has been a complete opposite to the period prior.
Regardless of the market condition, position trading opportunities will still be present and I’ve picked 2 of them for you.
Before you jump ahead, are your curious to know how the stock picks for June 2023, Interpublic and Workday, performed?
There were entries on both counters and the trades are profitable.
Now, it’s time to take out your notepad and jot down these 2 stock picks selected for you.
Illumina (NASDAQ: ILMN)
1. About the Company
Illumina was founded 25 years ago, in 1998.
As a life science company, Illumina operates in the healthcare sector providing sequencing and array-based instruments and consumables.
Illumina has customers all over the world and continues pushing boundaries.
While these sound exciting, is the market excited about its prospect?
Let’s find out by looking at its price chart.
2. Position Trading (Daily)
The price chart of Illumina doesn’t look optimistic.
This can be inferred from the appearance of a red arrow above its latest candle.
The red arrow suggests that a new drop is happening, and you’ll want to look for shorting opportunities.
With that in mind, you’ll want the bar of its Trend Impulse Factor indicator to be dark green in color to increase your chances of success.
A dark green bar of the Trend Impulse Factor indicator suggests that the bearish momentum could be long lasting, making it worthwhile for a short position trade.
Therefore, it’s not time to short the shares of Illumina just yet.
But, I think that the time could come soon, so please keep a close watch on this stock.
Goldman Sachs (NYSE: GS)
1. About the Company
Goldman Sachs is a 154 year old financial institution, and provides a wide range of services to other financial institutions, companies, governments, and individuals.
It has also survived many major economic storms, including the Great Depression, Great Financial Crisis, and the latest banking crisis.
How has its shares been performing?
Is there a position trading opportunity that you can seize?
2. Position Trading (Daily)
Looking at the chart of Goldman Sachs, you can tell that its share price has been declining since Nov 2022.
Because of this, you’ll want to be on the lookout for a short position trading
How can you tell if the shares of Goldman Sachs are ready for a short position trade?
The appearance of a red arrow on its latest candle and its Trend Impulse Factor indicator turning dark green in color.
Let’s have a look at the chart of Goldman Sachs above again.
It’s time to short its shares!
Both the shares of Illumina and Goldman Sachs have been performing poorly. Therefore, you should be looking for shorting opportunities.
While the timing isn’t ripe for the shares of Illumina, the shares of Goldman Sachs look ready!
Given the more volatile environment we are in, it’s a great idea to place a stop loss level to protect your trading capital. There’s no need to hold onto a losing stock as there are many position trading opportunities available!
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 us below!
1 Simple Strategy To Reap Explosive Profits This Year (2023):
2022 by far has been one of the toughest years to trade in the past 5 years.
Lots of Singaporeans who dabble in trading or investments have suffered badly this year.
From inflation, interest rates, Ukraine war, financial tensions between US & China, and most recently, the dramatic crypto meltdown…
We’ve seen nothing short of constant volatility and a persistently declining stock market this year.
Many people I know have incurred 5 to even 6 figures losses and others are holding on to 20-80% unrealized losses.
It’s unfortunate to see that the goals of becoming financially independent to provide better lives for their family have turned into losses for many.
Yet, as a matter of fact, all these losses could have been easily prevented and turned into profits instead if these people had the right knowledge.
Having the right knowledge, and having a tested and proven methodology for trading strong stocks
– This is exactly what helped me and over 5000+ of my students to end the year with decent gains in our portfolio despite the odds stacked against our favor.
Within our SMT community, we use a really simple yet powerful 3-step system that allows us to identify and capitalize on strong stocks.
This is why even amidst the poor performing market this year, we are still able to extract extensive profits from the market – by identifying ‘hidden gem’ opportunities.
And if we are able to reap decent gains in such a bad market this year, think about how immense the profit potential would be like in 2023…
Especially when the market is poised to trend stronger upwards in 2023 and the number of opportunities would be greater than ever.
With that said, it is extremely important to know what to do and how to best take advantage of the markets in 2023 while maintaining a really low risk.
I will be sharing about the ONE strategy you’ll ever need to know to reap maximum profits in the market in my upcoming LIVE training (100% free).
This training will be nothing like you’ve seen before.
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I will show you the full process from identifying winning stocks all the way to executing the trade, and how it can be done in just 15 minutes.
I will also be opening up questions to the floor where you can ask me to analyze ANY stock of your choice,
The biggest gains are not made during an ongoing bull market, but from the preparation before the bull market even happens.
There is no better time than now to be introduced into the world of profitable stock trading.
After all, what excuse do you have to not pick up the skill to capitalize on this impending huge opportunity at this very moment?
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