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.

In a flash, half the year is about to be over!

Are you set to accomplish your goals for 2024?

Sadly, I’m nowhere near accomplishing my health goals. Each time I am supposed to sweat it out, I turn to chewing and sleeping it out instead.

I shall psyche myself up for more exercise sessions in the days to come.

There’s one activity that doesn’t require motivation – trading.

Last month’s stock picks were Crocs and Varonis Systems. Did you particularly enjoy Crocs?

For the month of July, I have unearthed 2 stocks you’ll want to buy for a position trade.

Let’s dive right in!

Amazon (NASDAQ: AMZN)

Source: amazon.com

1. About the Company

Amazon is a household name that offers a range of services, from cloud computing to database solutions to logistics and retail sales.

Founded in 1994 as an online bookstore, Amazon has transformed itself into a mega company deeply entrenched in daily life.

It has constantly innovated to provide speedy delivery through the use of robots, computing, and a formidable logistics network.

All these are finally paying off.

Let’s examine its price chart to determine whether you should buy its shares for a position trade now.

2. Position Trading (Daily)

At a glance, can you tell that Amazon’s share price is in an uptrend?

This can also be inferred from the number of blue (outlined and solid) candles outnumber those in red (outlined and solid).

Knowing that its shares are in an uptrend, you’ll want to be looking for buying opportunities.

There are 2 main indicators that suggest whether the time to buy its shares is ripe. They are the green arrow and Trend Impulse Factor.

Do you see a green arrow under its latest candles? That indicates that a fresh bullish move is here.

Looking at the bar of its Trend Impulse Factor indicator, you can tell that this bullish move has sustained momentum.

Therefore, the time to buy Amazon’s shares for a position trade is ripe!

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 find out!

2. Position Trading (Daily)

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

You’re right! It’s in an uptrend.

Hence, you’ll want to look for a green arrow under its latest candle and the color of the bar of its Trend Impulse Factor indicator to be dark green.

What do you notice?

There’s a green arrow under its latest candle, and the bar of its Trend Impulse Factor indicator is dark green!

This shifts the odds of success to your side because there’s a fresh and sustained bullish move.

It’s time to buy the shares of Nu for a position trade!

Isn’t this exciting?

Conclusion

Source: unsplash.com

Amazon is an established company with a global presence.

Nu is a digital bank that primarily serves the South Americas.

Both companies have achieved remarkable feats to be where they are. They have done so through wild innovations.

We have analyzed their shares. With the help of 2 proprietary indicators, we have discovered that the shares of Amazon and Nu are ripe for a position trade.

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!