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 mid-year holiday is here!

Where are you traveling to this holiday?

I enjoy traveling light so that I can easily make impromptu edits along the way.

And I have this bad habit of unbuckling my seat belt the moment the plane has taken off.

After the 2 reports on terrible turbulence, I’ll buckle up throughout my flights.

Last month, Boston Scientific and Capital One Financial were shared as prime position trading candidates.

I’ve sieved out 2 stocks which could cover your travel expenses in June 2024.

Let’s dive straight in!

Crocs (NASDAQ: CROX)

Source: crocs.com.sg

1. About the Company

Crocs is a relatively young footwear company, founded in 2002.

After stumbling upon a material that’s lightweight, comfortable, and waterproof, the founders quickly acquired the rights to manufacture footwear using this material.

Although the design of its footwear deviates from societal norms, it was an instant hit.

Crocs had carved out a niche and became the international brand that we are familiar with.

Is there a position trading opportunity that you can seize?

2. Position Trading (Daily)

Referring to the price chart of Crocs, can you tell that its share price is in a strong uptrend?

This can be easily inferred from the number of blue (outlined and solid) candles.

Having identified the price trend, you’ll want to determine whether the window of opportunity for a position trade is open.

That’s simple!

Without the need to plot any technical tools, you can conclude by looking at the main indicators – green arrow and Trend Impulse Factor.

Do you see a green arrow under its latest candle?

This indicates a fresh bullish leg is here.

Next, let’s look at the color of the bar of the Trend Impulse Factor.

A dark green bar suggests that the bullish momentum is sustainable.

Because both indicators suggest that there’s more bullish movement to come for the share price of Crocs, the time to buy its shares for a position trade is ripe.

Varonis Systems (NASDAQ: VRNS)

Source: varonis.com

1. About the Company

Varonis Systems is another relatively young company, only founded in 2005.

It’s a cybersecurity firm that has grown rapidly, providing coverage to tools by Microsoft, Google Workspace, Salesforce, Box, Gitihub, and more.

Presently, it has over 10 global offices and more than 2,000 staff.

With more data created and stored, demand for cybersecurity services is growing.

Does this mean that you should buy the shares of Varonis Systems for a position trade?

2. Position Trading (Daily)

Let’s start off by identifying the trend of its share price.

This can be done by observing the color of the candles (outlined and solid). The presence of more blue (outlined and solid) candles indicates that Varonis Systems’ share price is in an uptrend.

So, you’ll want to look for buying opportunities for a position trade.

Is there a green arrow under its latest candle? The presence of a green arrow indicates the beginning of an uptrend.

Here’s the last step: Note the color of the bar of its Trend Impulse Factor indicator.

You’ll want its bar to be dark green, which suggests that this uptrend is more likely to be sustainable.

With the presence of both indicators, you can be a lot more assured that this trade could go your way.

Since the bar of its Trend Impulse Factor indicator is yet to turn dark green, you’ll want to keep this stock in your watchlist. I feel Varonis Systems’ shares will be ripe for a position trade sometime in June.

Conclusion

Source: pexels.com

Crocs and Varonis Systems are young companies that have achieved so much in recent years.

It’s unsurprising that their share prices are rising quickly. As they rise, the shares of Crocs are ripe for a position trade is ripe.

The same cannot be said for the shares of Varonis Systems. However, you’ll want to keep it on your watchlist as the time to buy its shares for a position trade could be near.

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!