Thank you very much everyone for all your inputs. The reason I chose Latex paint is due to the lack of color variety and the exact shades available in the spray on products (i.e. Rustoleum).
I followed the comments that you guys have suggested on the forum, and so far the results are amazing.

1- I used a good quality of masking tape
2- Before applying the invasion stripes colors over the latex paint, I sealed the edges of the masking tape with a Clear Coat of rustoleum paint (seems to be working great)
3- I painted the area that I wanted with the invasion stripe colors
4- So far it seems to be working fine, no bleeding of colors is seen so far

I will post a couple of pictures when it cures.

regards, and thank you everyone.