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.
Did you catch Barbie the movie?
Was it inspiring for you?
I’ve been hearing rave reviews about it and I should catch it soon before it stops screening.
Little did I know that Barbie is owned by 1 of the companies whose stock I’m going to watch closely in the Sept.
Before proceeding in analyzing the 2 stocks that I’m watching, let’s have a review on the stock picks for Aug: Cleveland-Cliffs and Welltower.
Ok, let’s now look ahead and find out if they are ripe for a position trade!
Mattel (NASDAQ: MAT)
1. About the Company
Started in 1945, Mattel’s focus was on creating innovative and creative ways children play.
This spirit of innovation enabled the company to explore marketing partnerships, paving the way to a new way of advertising.
Mattel has grown over the years, expanding its range of toys and refreshing its line whenever necessary.
And yes, this is the company which owns Barbie!
While the history of Mattel sounds great, does its shares make it a good position trading candidate?
Let’s discover it in the next section.
2. Position Trading (Daily)
Without the use of any technical analysis tools such as support and resistance, and trendlines, can you tell that the share price of Mattel is in an uptrend?
You can tell from the trend by comparing the number of red and blue (outlined and solid) candles. When there are more blue candles, the stock price is in a clear uptrend.
Is that all?
Do you notice 2 indicators on the chart: the arrow and the Trend Impulse Factor?
The presence of a green arrow indicates that a new bullish move is here.
Is there a green arrow under the latest candle of Mattel?
Now, let’s have a look at the Trend Impulse Factor indicator.
Its bar is still light green in color, suggesting that this bullish move lacks momentum, a necessary ingredient to keep this bullish move going.
Hence, this stock isn’t ripe for a position trade yet. It’ll be a good idea to keep it in your watchlist.
Workday (NASDAQ: WDAY)
1. About the Company
Workday is a pretty young company, only founded in 2005.
A short 2.5 years later, Workday released its beta version of its application.
Its application was a success, and onboarded more than 100 companies in less than 2 years.
Over the years, the company has been exploring other business products for growth. It has found tremendous success,
The million-dollar question thus is: is it time to buy its shares for a position trade?
Let’s find out!
2. Position Trading (Daily)
After learning how you can read the price trend of a stock, can you tell that the share price of Workday’s shares is in a strong uptrend?
This means that you’ll be inclined to look for buying opportunities.
Looking at the 2 key indicators, do you notice that there’s a green arrow under the latest candle of Workday?
What does the Trend Impulse Factor suggest about the sustainability of this new bullish move?
Because its bar is light green in color, there’s no strong momentum.
Therefore, you might want to wait and see.
Both Mattel’s and Workday’s share price are rising, with green arrows appearing under their latest candles. However, this bullish moves are likely to fade away quickly until the color of the Trend Impulse Factor’s bar turns dark green in color.
When momentum is detected, this will increase your chances of success.
Yet, a stop loss is recommended because the US stock market is dynamic and we can get caught off-guard at times.
There’s no need to hold onto a losing stock as there are many position trading opportunities available!
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!
1 Simple Strategy To Reap Explosive Profits This Year (2023):
2022 by far has been one of the toughest years to trade in the past 5 years.
Lots of Singaporeans who dabble in trading or investments have suffered badly this year.
From inflation, interest rates, Ukraine war, financial tensions between US & China, and most recently, the dramatic crypto meltdown…
We’ve seen nothing short of constant volatility and a persistently declining stock market this year.
Many people I know have incurred 5 to even 6 figures losses and others are holding on to 20-80% unrealized losses.
It’s unfortunate to see that the goals of becoming financially independent to provide better lives for their family have turned into losses for many.
Yet, as a matter of fact, all these losses could have been easily prevented and turned into profits instead if these people had the right knowledge.
Having the right knowledge, and having a tested and proven methodology for trading strong stocks
– This is exactly what helped me and over 5000+ of my students to end the year with decent gains in our portfolio despite the odds stacked against our favor.
Within our SMT community, we use a really simple yet powerful 3-step system that allows us to identify and capitalize on strong stocks.
This is why even amidst the poor performing market this year, we are still able to extract extensive profits from the market – by identifying ‘hidden gem’ opportunities.
And if we are able to reap decent gains in such a bad market this year, think about how immense the profit potential would be like in 2023…
Especially when the market is poised to trend stronger upwards in 2023 and the number of opportunities would be greater than ever.
With that said, it is extremely important to know what to do and how to best take advantage of the markets in 2023 while maintaining a really low risk.
I will be sharing about the ONE strategy you’ll ever need to know to reap maximum profits in the market in my upcoming LIVE training (100% free).
This training will be nothing like you’ve seen before.
I will hold nothing back to reveal my exact game plan and strategy to skyrocket your portfolio in 2023.
I will show you the full process from identifying winning stocks all the way to executing the trade, and how it can be done in just 15 minutes.
I will also be opening up questions to the floor where you can ask me to analyze ANY stock of your choice,
The biggest gains are not made during an ongoing bull market, but from the preparation before the bull market even happens.
There is no better time than now to be introduced into the world of profitable stock trading.
After all, what excuse do you have to not pick up the skill to capitalize on this impending huge opportunity at this very moment?
I’ll see you real soon!
Click HERE to register your seat before we hit full capacity!