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.
In the blink of an eye, 5 months have passed. We are in the middle of 2026.
Will you be going for a mid-year trip?
It wasn’t too long ago that many Singaporeans weren’t taking 2 or more vacations a year. Does this speak of the stress and income levels that we enjoy?
If it’s about stress, I’ve got you covered. After scanning the US stock market, I’ve uncovered 2 gems that are poised for a lift-off. They could help to cover part of your expenses as you enjoy your family time.
Before I share the 2 stocks that I think could propel higher this month, you may want to review the performance of the 2 stocks shared in May.
Dianthus Therapeutics (NASDAQ: DNTH)
Source: dianthustx.com
1. About the Company
Dianthus Therapeutics is a biotechnology company that focuses on developing engineered biologics for severe autoimmune diseases.
Founded in 2019 by a group of scientists and investors, the company began working hard and fast.
Just a few years later, the company completed an audacious and spectacular reverse merger, taking the company public.
Dianthus Therapeutics remains highly innovative and has built a strong reputation for developing solutions to severe autoimmune diseases.
However, is it sensible to buy its shares for a position trade now?
2. Position Trading (Daily)
There are a few important details that you can glean from the chart above.
The first important detail is the price trend of the shares of Dianthus Therapeutics.
Can you tell that its share price has been in a solid uptrend?
This can be inferred by comparing the number of red candles (outlined and solid) against those in blue (outlined and solid). Yes, this is without the need to plot trendlines or use other technical indicators such as the moving average.
Now that you know its price trend, it’s time to look at the 2 proprietary indicators – the green arrow and Trend Impulse Factor.
Do you see a green arrow under its second latest candle?
The presence of that green arrow tells you that this bullish move is fresh.
Next, let’s look at the color of the bar of its Trend Impulse Factor.
A dark green bar suggests that this fresh uptrend is likely to be sustainable.
Before I get carried away, let’s have a look at what the Trend Impulse Factor tells us.
Its bar is not dark green in color. What does this mean?
This means that there’s a lack of sustained momentum in this fresh bullish move presently. Thus, I’ll wait for its Trend Impulse Factor to turn dark green before buying its shares for a position trade.
Ross Stores (NASDAQ: ROST)
Source: rossstores.com
1. About the Company
Ross Stores began as a department store in the 1950s.
After pivoting to become a discount store that offers brand-name apparel at discounts, business took off.
Armed with capital, the company turned more strategic. These resulted in a massive expansion, raising its number of stores from 6 to 107 in just a couple of years.
Today, Ross Stores continues to be a giant in the discount store industry.
Does this warrant a position trade on its shares?
2. Position Trading (Daily)
Let’s analyze the share price of Ross Stores together.
Can you tell the price trend of its shares?
Ross Stores’ shares are in a massive uptrend.
This can be told by comparing the number of blue candles (outlined and solid) against those in red (outlined and solid) without the need of other technical indicators. When there are more blue candles than red, the share price of that stock is in an uptrend.
Knowing that Ross Stores’ shares are in an uptrend, it’s time to look at the 2 proprietary indicators – the green arrow and Trend Impulse Factor.
Is there a green arrow under its second latest candle?
There is! This signals a fresh bullish move.
Next, what’s the color of the Trend Impulse Factor’s bar?
Its bar is not dark green in color. What does this signify?
This signifies that there’s a lack of sustained momentum in this fresh bullish move presently. Thus, I’ll wait for its Trend Impulse Factor to turn dark green before buying its shares for a position trade.
Conclusion
Source: unsplash.com
The US market is enjoying the time of its life. As it continues this fabulous bull run, these 2 stocks could be poised for a lift-off.
What’s better? These 2 stocks could even pay for some of your travel expenses as you spend more quality time with your family.
But before you get carried away, a glance at the share price of Dianthus Therapeutics and Ross Stores revealed that they aren’t ripe for a position trade yet. However, they are poised to soar in June. Thus, I’ll be adding them to my watchlist so that I can pounce on the opportunity when it arises.
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Trading stocks without a proper system can be highly risky. This is why TradersGPS (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!
