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.
Up one moment, down the next.
This see-saw movement in the stock market has left many traders kicking themselves.
However, this also presents quite a number of position trading opportunities which we will explore together.
Before you continue, I’d like to bring your attention to our stock pick in March on Lyft and Petco Health and Wellness.
Fresenius Medical Care (NYSE: FMS)
Source: freseniusmedicalcare.com/en/home
1. About the Company
Founded in 1996, Fresenius Medical Care provides dialysis to patients globally.
It has been continually improving its services and care through careful research and development, organization, and fine-tuning their operations.
The company also builds, manufactures, and distributes dialysis machines to clinics, hospitals, and local sales forces.
Is this company’s share price performing well, warranting a long position trade?
Let’s find out!
2. Position Trading (Daily)
From the chart of FMS, can you tell that it’s in a strong uptrend since Oct 2022?
Ever since Oct 2022, there have been a lot more blue candles (solid and outline) than red. This means that traders and investors are optimistic of FMC, continually pushing its share price higher.
With the indicators on the chart, the need for drawing support and resistance lines, and any other technical tools are made redundant.
What are these indicators on the chart of FMS?
These indicators include the arrow and Trend Impulse Factor which makes up the TradersGPS system.
Do you see any arrow under or above the latest candle of FMS?
Yes!
This is important as it signifies the start of a new bullish move.
Next, we turn our focus to the Trend Impulse Factor, more specifically to the color of the Trend Impulse Factor’s bar.
If it’s dark green in color, it suggests that this bullish momentum is likely to last, enabling you to profit more.
And it’s dark green in color!
Hence, FMS is ready for a position trade.
What about the other stock, Linde, that has been handpicked?
Linde (NYSE: LIN)
Source: linde.com
1. About the Company
Founded nearly 150 years ago in 1879, Linde is an industrial gas company.
It offers gases such as oxygen, nitrogen, helium, carbon dioxide, and more for businesses.
Customers include firms in the healthcare, chemicals, F&B industries.
Shall we have a look at the price chart of this storied company to determine whether there’s a position trading opportunity?
2. Position Trading (Daily)
LIN is another stock that’s in an uptrend.
With more blue (solid and outline) candles, you’ll want to look for buying opportunities.
Without the need for any technical drawings, you save a lot of time and trading becomes more straightforward.
Here, you can see an arrow under the latest candle of LIN.
Is the Trend Impulse Factor indicator suggesting that this new bullish move is likely to be sustainable?
Unfortunately, no.
Hence, I wouldn’t recommend that you buy shares of LIN for a position trade now.
It’ll be a good idea to wait for the right timing to increase the odds of success!
Conclusion
Source: linde.com
While both FMS and LIN are in an uptrend, one is ready for a position trade while the other isn’t.
LIN could be ripe for a position trade sometime later in April, which means that you’ll want to keep a close eye on it.
Given the more volatile environment we are in, it’s a great idea to place a stop loss level to protect your trading capital. There’s no need to hold onto a losing stock on the way down as there are many more strong and uptrending stocks.
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 us below!
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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.
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