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.
Last week was exciting for traders of technology stocks.
NVIDIA’s massive earning surprise and optimistic guidance sent many technology stocks to the moon.
The technology sector has a companion in this rise – the communications sector.
And I’ve picked out 1 stock each from the technology and communications sector which I think are likely to continue rising for the foreseeable future.
I know that you’re excited.
Before you jump ahead, are your curious to know how the stock picks for May 2023, Fortive and International Business Machines, performed?
The trade on Fortive is profitable while a short position in International Business Machine didn’t appear.
Are you ready to explore the 2 stock picks for June 2023?
Interpublic (NYSE: IPG)
1. About the Company
Interpublic is more than 100 years old!
It started off as an advertising agency which has evolved into a massive advertising, consultancy, and human resource agency rolled into one.
But that’s not all!
Interpublic provides its customers with analytics to help them make more informed decisions.
While all these sound great, what does the market think of Interpublic?
Let’s find out by having a look at its price chart.
2. Position Trading (Daily)
The share price of Interpublic has been and is rising.
At a glance, you can also tell whether its shares are ready for a position trade without the need for any technical drawings.
This can be told by the 2 main indicators on its chart – the green arrow and Trend Impulse Factor.
For a long position trade, you’ll want to see both the green arrow and the bar of the Trend Impulse Factor in dark green.
That’d indicate that a fresh bullish move is here and could stay for a while, increasing your chances of pocketing a tidy profit.
Since only the green arrow is out on the latest candle of Interpublic, the time to buy it for a position trade isn’t here yet.
I think that the time could come soon, so please pay attention to it.
Workday (NASDAQ: WDAY)
1. About the Company
Founded in 2005, Workday is a relatively new company.
For it to be listed at a young age, this is impressive!
Right from the start, Workday aggressively sought growth by acquiring companies and seeking investments.
Today, it provides enterprise cloud applications worldwide.
With this impressive “resume”, is it time to position trade its shares?
2. Position Trading (Daily)
Similar to the price chart of Interpublic, the price chart of Workday is in an uptrend.
Without the need for any technical drawings, you can tell that the time to buy shares of Workday for a position trade is ripe!
You can conclude based on the 2 main indicators – the green arrow and Trend Impulse Factor.
Do you see a green arrow under its latest candle?
The presence of the green arrow indicates that this is a fresh bullish move.
And this bullishness could last, as inferred from the bar of the Trend Impulse Factor indicator that’s in dark green.
You can safely conclude that it’s a good idea to buy its shares for a position trade now!
Both the communication services and technology sectors are performing extraordinarily well, and the stock picks for June belong in these sectors.
While the shares of Interpublic aren’t ripe for a position trade, the shares of Workday are!
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 on the way down as there are many more strong and uptrending stocks.
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.
I will hold nothing back to reveal my exact game plan and strategy to skyrocket your portfolio in 2023.
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?
I’ll see you real soon!
Click HERE to register your seat before we hit full capacity!