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.
Have you noticed that the US stock market has been a lot more volatile since President Trump took office?
The market is figuring out his administration and policies, reacting to his moves. As this happens, are there buying opportunities for position trading?
I think there are! And I’m going to share 2 bullish stocks in this uncertain market environment which you could benefit from.
But before I share them, you may want to check out the performance of the stocks shared in February.
Ok, let’s discover the 2 stocks that are blessed by the bulls that could bring you a tidy profit in March!
Church & Dwight (NYSE: CHD)
Source: https://www.churchdwight.com/
1. About the Company
Church & Dwight began in 1846 selling soda bicarbonate.
The company has been committed to protecting the environment by promoting nature and inventing the first phosphate-free laundry detergent.
Through innovation and acquisitions, Church & Dwight improved and expanded its offerings. The company has penetrated new industries, including sexual health, oral health, and supplements.
Having transformed into a mammoth, how are its shares faring in the stock market?
Is the opportunity to buy its shares for a position trade ripe?
2. Position Trading (Daily)
Referring to the chart of Church & Dwight above, do you think that the market favors it shares?
This can be easily inferred from the number of blue candles (outlined or solid) against the number of red candles (outlined or solid).
When there are more blue candles, it indicates that the stock is in an uptrend. This tells us that the market highly favors the stock. There’s no need to put on Moving Averages or draw trendlines to help you tell the trend.
The market favors Church & Dwight’s shares, so you should buy them and ride the trend.
When is the ideal time to buy Church & Dwight shares for a position trade?
Let’s have a look at the 2 main indicators – the arrow and Trend Impulse Factor.
Do you see a green arrow under his latest candle?
The presence of a green arrow signals that a fresh uptrend is here, increasing your chances of success.
Next, let’s switch our attention to the Trend Impulse Factor, or more specifically, to the color of its bar.
When the color of the Trend Impulse Factor indicator bar is dark green, it suggests that the uptrend is sustainable. This is what you want because you’re looking to buy and hold the stock for a couple of weeks to months.
Referring to the chart of Church & Dwight again, do you see that both indicators signal that the time to buy its shares for a position trade is here?
Incyte (NASDAQ: INCY)
Source: investor.incyte.com
1. About the Company
Incyte is a biopharmaceutical company founded in 1991.
The company focuses on the discovery, development, and commercialization of proprietary therapeutics.
A smart acquisition, which allowed the company to centralize the storage of critical medical data, propelled the company to greater heights.
Incyte has remained steadfast in its mission of making a meaningful impact on patients’ lives by heavily investing into research and equipment to advance medical science.
As always, knowing whether the market loves its stock is more important.
So, let’s have a look at its stock chart in the next section.
2. Position Trading (Daily)
Without reliance on moving averages and trendlines, can you tell that Incyte’s share price is in a strong uptrend?
These can be inferred from comparing the number of blue candles (outlined or solid) to the number of red candles (outlined or solid).
Knowing that its share price is in an uptrend, you’ll want to be looking out for an opportunity to buy shares for a position trade.
However, is it the right time to do so?
Let’s refer to the 2 main indicators – the arrow and Trend Impulse Factor to find out.
Great! There’s a green arrow under the latest candle of Incyte!
This tells us that a fresh bullish move is here.
Looking at the bar of its Trend Impulse Factor, it isn’t dark green in color yet.
Because this bullish move may not be sustained for sometime, let’s wait for a while. I believe that both indicators will agree in the near future.
Conclusion
Source: unsplash.com
The shares of Church & Dwight and Incyte are well-favored by the market. This can be told from the trend of their stock prices.
But, only 1 of them is ready for a position trade.
Church & Dwight’s shares are ready for a position trade according to the 2 proprietary indicators.
Incyte’s shares aren’t ready yet, but the time could be near. Thus, you’ll want to add Incyte to your watchlist and wait for the opportunity to emerge soon.
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!
