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.
The US has chosen its next President.
President-elect Donald Trump has defeated Vice-President Kamala Harris, sending the stock market to a new all-time high.
Bitcoin has also benefitted from his win, rising to nearly $90,000.
As the stock market continues to rise, are there opportunities that you can easily seize?
Let’s explore this week’s stock selection to find out.
Brief History of Rollins
Source: rollins.com/financial-info
Founded in 1948, the company focused on pest control.
Its effective pest control methods led to its quick growth, opening franchises in the US.
Through shrewd acquisitions, Rollins expanded its territory to include Canada, UK, Singapore, and more. The company has also expanded its services to include the wildlife market.
Here comes the next important question: Has the company been growing?
Business Model and Financials
Source: tradingview.com
Let’s examine its financial health by looking at its total revenue (in blue) and net income (in yellow).
Did you notice that its total revenue has been growing every year without fail? That’s a highly impressive feat!
Rollins’ net income has been growing every year as well, with the exception of 2019.
Overall, you can conclude that Rollins’ financial health is in good shape.
As position traders, are there interest in the shares of Rollins for you to potentially make a healthy return?
Technical Analysis on Rollins (NYSE: ROL)
Whenever you are looking to buy a stock, you’ll want the share price to be trending higher.
The trend of the share price can be easily identified without the need of technical tools and indicators such as moving averages and trendlines.
Here’s how!
You’ll just need to compare the number of blue candles (outlined and solid), to the red candles (outlined and solid). Where the number or blue candles outnumber those in red, the stock is in an uptrend.
It’s clear that its shares are in a strong uptrend. Therefore, you’ll want to be searching for a buying opportunity.
To help you determine whether a position trading opportunity is here, you’ll want to refer to the 2 main indicators – the green arrow and Trend Impulse Factor.
The presence of a green arrow under its latest candle tells you that a fresh bullish move is here. Hooray! A green arrow is seen under its latest candle.
Let’s have a look at the color of the bar of the Trend Impulse Factor.
When it’s dark green in color, bullish momentum is detected. This signals that this fresh bullish move is likely to continue for some time, presenting you with the chance of a healthy return.
Within 1 minute, you can safely conclude that the time to buy the shares of Rollins for a position trade is here!
There’s no need for you to spend an hour plotting your support and resistance, trendlines, and more.
Conclusion
Source: pexels.com
With Donald Trump being the President-elect, the stock market could continue to be buoyant in the coming weeks.
This means that you’ll be spoilt for choice. Rollins is one stock you’ll want to seriously consider because it is in a strong uptrend, and the proprietary indicators show that the time to buy its shares for a position trade is here.
Both the arrow and Trend Impulse Factor indicators have been tested and proven. They form the TradersGPS (TGPS) system to help you decipher if a stock is ripe for a position trade. You won’t have to feel in the dark and make wild guesses.
Therefore, you’ll want to consider buying the shares of Rollins for a position trade.
What are your thoughts?
Share your thoughts with me below!
