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.
September is well-known for being highly volatile.
Volatility could increase further, given President Trump’s unpredictable nature.
How are you preparing yourself?
I’ve done the hard work by going through the US stock market and filtering stocks. These 2 stocks make the cut. But before I share my reasons,
you may want to review the performance of the 2 stocks shared in August.
Gates Industrial (NYSE: GTES)
Source: investors.gates.com/overview/default.aspx
1. About the Company
Gates Industrial began in 1911 when the founder acquired a tire company in the US.
With the inventiveness of the company, the V belt was invented. This was a major breakthrough as the V belt became widely used in automobiles, industrial machinery, manufacturing, and household appliances.
Having tasted huge success in the US, the next natural step for the company was expanding abroad.
It ventured into Canada and increased its offerings to include power transmission and fluid power products.
Today, Gates Industrial is a global leader in power transmission and fluid power products.
Is there a position trading opportunity that we can seize?
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 Gates Industrial.
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 Gates Industrial is here.
Nu (NYSE: NU)
Source: investidores.nu/en/financials/results-center
1. About the Company
Nu was founded in 2016 providing digital banking services.
It’s the world’s largest digital banking platform outside of Asia, serving millions of customers from Brazil, Colombia, and Mexico.
The digital bank has been leveraging data and technology to develop its innovative products and services, resulting in growth.
As it continues to innovate, is it an appropriate time to buy its shares for a position trade?
Let’s discover!
2. Position Trading (Daily)
Let’s analyze the share price of Nu together.
Can you tell the price trend of its shares?
Nu’s shares were in a downtrend until Apr when 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 Nu’s 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 Nu’s shares for a position trade is here!
Conclusion
Source: unsplash.com
Volatility is likely to return in the US stock market. President Trump has been announcing many new implementations in recent days.
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 Gates Industrial’s and Nu’s 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!
