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.

That’s fast!

We are at the tail end of the year when it feels like 2023 has just begun.

Have you begun your festive shopping?

I’ve done a fair bit of shopping over the past weekend, and I think I’ve completed my festive shopping.

I think.

Before I introduce the stocks I’m watching, let’s have a look at the 2 stocks shared last month: Best Buy and PNC Financial Services.

Global Payments (NYSE: GPN)

Source: globalpayments.com/en-ap

1. About the Company

Global Payments is a payment and software solutions company.

It was founded in 1967 and was the first to market with a multi-bank balance reporting system.

With its spirit of innovation, it was an early adopter of point of sales terminals.

The company enjoyed sharp business acumen and enjoyed expansions into new markets to become the giant it is today.

So, let’s have a look at its chart to discover if you should buy this stock for a position trade.

2. Position Trading (Daily)

Looking at the chart of Global Payments, can you tell that it’s in an uptrend?

There is marginally more blue candles (outlined and solid) than red ones (outlined and solid).

Knowing the trend helps you decide if you should be looking for buying or shorting opportunities.

In this case, you’ll want to look for buying opportunities.

Without the need of any technical tools, you’ll be able to tell if the time to buy its shares is here.

This can be inferred from the 2 main indicators on the chart – the green arrow and Trend Impulse Factor.

When there’s a green arrow under the most recent candle, a fresh bullish burst is here.

A look at the color of the bar of its Trend Impulse Factor indicator will reveal if the momentum is likely to continue for a position trade.

Both are absent in the chart of Global Payments, indicating that it’s not ripe for a position trade yet.

However, I think that the time to buy its shares could come soon.

Royalty Pharma (NASDAQ: RPRX)

Source: royaltypharma.com

1. About the Company

Founded in 1996, Royalty Pharma pioneered royalty business model in the pharmaceutical industry.

The company has been actively acquiring existing royalties from the original innovators while investing in promising pharmaceutical companies.

Through this unique business model, it has grown to be a $16b company.

Should you buy its shares for a position trade?

Let’s find out from analyzing its price chart.

2. Position Trading (Daily)

It’s clear that the share price of Royalty Pharma is in a firm downtrend.

This can be inferred from the sheer number of red (solid and outlined) candles.

Thus, you’ll want to be looking out for shorting opportunities instead.

Without the need of any technical tools, you’ll be able to tell if the time to short its shares is here.

This can be inferred from the 2 main indicators on the chart – the red arrow and Trend Impulse Factor.

When there’s a red arrow above the most recent candle, a fresh bearish selloff is here.

A look at the color of the bar of its Trend Impulse Factor indicator will reveal if the momentum is likely to continue for a position trade.

Because the color of the bar of its Trend Impulse Factor indicator isn’t dark green yet, this bearish move is likely to end soon.

Therefore, it isn’t time to short its shares yet.

I think that the bar of its Trend Impulse Factor indicator should turn dark green soon.

Conclusion

Source: unsplash.com

Both stocks present promise.

You’ll want to exercise patience because the indicators are tested and proven.

Since the market is quite volatile and can be unpredictable, I strongly encourage you to place a stop loss to protect your trading capital. Your mental well-being will be protected too.

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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