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.
President Donald Trump has been extra busy of late, visiting multiple countries in Asia in just days. He seems to be enjoying himself and it’s our hope that his good mood continues.
Will a trade deal be reached between the US and China when both Presidents meet on 30 Oct in Korea? Given the uncertainty of the outcome of the trade talks, I’d certainly be more cautious in the market.
While the US market is soaring, I’ll be looking at these 2 stocks that could likely pay for my year-end shopping spree. It’s time to update my wardrobe.
But before I share the stocks that I’ve uncovered, you may want to review the performance of the 2 stocks shared in October.
Amazon (NASDAQ: AMZN)
Source: aboutamazon.com
1. About the Company
Amazon is a well-known company that requires hardly any introduction.
Founded by Jeff Bezos in 1994, the company began as an online book retailer. This was just the beginning.
Soon after, Amazon expanded its offerings and quickly became known as “the everything store”.
With a strong belief that technology is a capable partner, Amazon dived into the world of technology by deploying the use of robots, building its cloud services, and more.
The success of Amazon has made Jeff Bezos 1 of the richest persons in the world.
Is there money to be made by buying its shares for a position trade?
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 Amazon.
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 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.
Do you like what you see?
The presence of the green arrow and the Trend Impulse Factor’s bar in dark green is positive news!
Hence, I think that the time to buy the shares of Amazon is here.
Regeneron Pharmaceuticals (NASDAQ: REGN)
Source: regeneron.com
1. About the Company
Regeneron Pharmaceuticals was founded in 1988, concentrating on neurotrophic factors.
Just like every wildly successful companies, Regeneron Pharmaceuticals expanded its services. Its services now include the invention, development, and manufacturing of antibodies, and the sequencing of human genetic data.
The company shot to fame in 2020 when President Donald Trump was administered its experimental COVID-19 drug.
As Regeneron Pharmaceuticals continues to innovate, is it an appropriate time to buy its shares for a position trade?
2. Position Trading (Daily)
Let’s analyze the share price of Regeneron Pharmaceuticals together.
Can you tell the price trend of its shares?
Regeneron Pharmaceuticals’ shares were in a downtrend until Jun before the market participants turned optimistic.
Yes, you can compare 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 Regeneron Pharmaceuticals’ 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 latest candle!
There is! This signals a fresh bullish move.
Next, what’s the color of the Trend Impulse Factor’s bar?
Yay! It’s dark green in color.
This fresh bullish move is highly likely to continue, so the time to buy Regeneron Pharmaceuticals’ shares for a position trade is here!
Conclusion
Source: unsplash.com
Trade talks between the US and China has yet to reach an outcome. The world’s most powerful leaders are scheduled to meet only on 30 Oct.
The uncertainty of its outcome is valid because a muted or negative outcome could rock the stock market.
Does this mean that you stay clear of the market?
Instead of staying clear of the market, you can rely on the TradersGPS (TGPS) system that’s created to 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.
Our proprietary indicator shows that a fresh bullish move has been spotted in both Amazon’s and Regeneron Pharmaceuticals’ shares.
The Trend Impulse Factor indicator tells us that this fresh bullish move are likely be sustainable, so the time to buy their shares for a position trade is here.
Which stock do you prefer buying for a position trade? What are your thoughts?
Share them with me below!
