November 2024 Stock Pick Analysis: These Stocks Could Pay for your Holiday

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.

Are you looking forward to your holiday?

After giving your best for the year, you deserve to take things slower and enjoy more.

Just as you slow down your pace of life and begin planning for your trip, the stock market is entering one of the most bullish windows.

Every year end brings fantastic position trading opportunities, and these 2 could pay for your holiday or more!

Before I share the 2 stocks I’ve shortlisted, let’s review the stocks shared last month – Berkshire Hathaway and Kroger.

If you’ve been following both stocks, you would’ve bought them. Give them some time and they should continue to rise.

Switching back, let’s discover whether the time for a position trade is ripe for these 2 stocks – Deckers Outdoor and Tapestry.

 

Deckers Outdoor (NYSE: DECK)

DECK Logo

Source: deckers.com

 

1. About the Company

Deckers Outdoor was founded in 1973.

The company focuses on designing, marketing, and distributing footwear, apparel, and accessories for daily and athletic use. Brands such as HOKA, Teva, and Sanuk come under its wing.

As long walks and hiking continues to enjoy traction, Deckers Outdoor has benefitted financially.

However, are traders optimistic on its shares?

 

2. Position Trading (Daily)

Chart of Deckers Outdoor

To know whether traders are optimistic on the shares of Deckers Outdoor, let’s identify the price trend of its price chart.

At a glance, are you able to tell that its share price is in a gentle uptrend?

You can identify its price trend from comparing the number of blue candles (solid and outlined) against the number of red candles (solid and outlined). When there are more blue candles, you’re looking at an uptrend.

Without the need to plot your support and resistance lines, trendlines, and more, you can tell that the shares of Deckers Outdoor is 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 Deckers Outdoor?

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 Deckers Outdoor is ripe for a position trade.

 

Tapestry (NYSE: TPR)

TPR logo

Source: tapestry.com

 

1. About the Company 

Founded in 1949, Tapestry provides luxury accessories and lifestyle brands. Coach, Kate Spade, and Stuart Weitzman are brands under its care.

Thanks to a resilient economy and social mobility among other factors, Tapestry has managed to grow its business significantly in recent years.

Are traders optimistic on its shares?

 

2. Position Trading (Daily)

Chart of Tapestry

To determine whether traders are optimistic on the shares of Tapestry, let’s have a look at its price chart.

Referring to its chart, you can tell that the share price of Tapestry has been in a mighty uptrend. And this uptrend looks to continue.

Again, there’s no need to plot anything else on your chart, saving you stress and time.

Let’s find out whether the shares of Tapestry are ripe for a position trade boy focusing on the 2 main indicators on its chart – the green arrow and Trend Impulse Factor.

Do you see what I see?

There’s a green arrow under its latest candle (suggesting that a fresh bullish move is here), and the bar of the Trend Impulse Factor indicator is dark green (indicating that this bullish move is sustainable)!

Both indicators suggest that the time to buy the shares of Tapestry for a position trade is here!

 

Conclusion

Source: unsplash.com

While you ease out of your work schedule to plan for your holidays, these 2 stocks could help to pay off your holidays and maybe more!

A look at the price charts of Decker Outdoors and Tapestry reveal that they are ready for a position trade.

The ability to identify stocks that are ready for a position trade without stress is made possible with the 2 proprietary indicators.

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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