Hey Gang,

While there is no trading tomorrow due to Good Friday, I want to leave you with a stock idea for Monday.

These come directly from my Daily Profits Scanner.

And what I call A+ setups…

The company I want to bring your attention to is Abbvie (ABBV).

This stock has been on an absolute tear lately, outperforming the market and up more than 18% year-to-date.

Why do I like it?

The chart is clean, with no overhead resistance. In other words, if the stock spikes, it wouldn’t encounter any bagholders.

Sometimes, you can find a bullish setup, but the chart can be messy with a lot of baggage.

For example, while one could see Wynn Resorts (WYNN) as a bullish setup, I would argue that the chart isn’t clean…and has some baggage to overcome.

From my experience, I have found some of the most explosive moves happen on clean breakouts. 

Which is the cornerstone of my TPS System.

It stands for Trend, Pattern, Squeeze. It’s one of my favorite setups, and thanks to my Daily Profits Scanner, it’s now easier than ever to find.

Check it out:

When you look at the chart on ABBV, you’ll see a clear uptrend.

In fact, it’s trading very near its 52-week highs.

By the way, this is where the T in TPS comes into play.

Identify the general direction of the trend. If you can’t look at the chart and quickly identify the trend, it’s not strong enough.

Next, we try to identify the pattern, which is also the P in the TPS system.

Patterns are recognizable formations in stock price movements. The TPS system focuses on simple patterns like “bull or bear flags.” These patterns show a stock’s price going up or down, followed by a consolidation period near the high or low.

Now, when it comes to charts, I like to nerd out.

And as of the time of this writing, ABBV had bullish setups on the 4-hour, 15-minute, 30-minute, 1-hour, 2-hour, 4-hour, and 1-day setup.

Now that’s what I’m talking about…

When you can get bullish confirmations on multiple time frames, it tells me the stock is setting up for something special.

Not only that…but ABBV is currently in a “squeeze.”

The “Squeeze” in the TPS trading system is crucial in identifying a stock’s consolidation period.

This period indicates that the stock is at a rest point and potentially ready for its next price move.

The Squeeze is represented by red dots on the indicator, and its occurrence suggests a pause in the stock’s movement, either upward or downward.

This concept is likened to a long-distance ultra runner who pauses for rest before the next leg of the journey.

The Squeeze indicator is essential in determining the right time to trade, as it signals the end of a consolidation phase and the potential start of a new price movement.

Right now, ABBV is in a daily squeeze.

Of course, I don’t have a crystal ball, and no one knows for sure whether or not ABBV will shoot up.

But I do like the odds of a move higher.

Action Plan: The cool thing about finding setups like this is you don’t have to sift through thousands of charts to find them.

In fact, you can see me use the Daily Profits Scanner live in my latest service, Profit Surge Trader.

We’ve been on an insane hot streak this year on my live streaming platform. We’ve closed 25 trades for a 100% win-rate!

And since we launched back in October, we’ve cleared 55 winners total for a super strong 90.16% win-rate.

If you’d like to discover more, it’s simple.

===> Click here to watch this presentation.