Byggmax Group AB is a Sweden-based company active within the construction materials retail sector. The Company is engaged in the discount retail of construction materials in the Nordic do-it-yourself (DIY) market.
Byggmax Swedish stock is in the middle of nowhere in the monthly timeframe, sitting between strong imbalances at 27 and 69 SEK, respectively. Right now, we should be sitting in our hands, waiting for the right move to happen on this Swedish stock. Buying shares of the stock right now is not a good idea unless new strong imbalances are created in smaller timeframes.
As supply and demand traders, we do not need to pay attention to fundamental analysis. Unless you are doing very short-term trading and scalping, you should not worry about fundamentals for stocks and ETFs.
Trading is just waiting for the right trigger points and scenarios to present themselves, this game has a name, and it’s called the waiting game. We must patiently wait for the correct scenarios and setups to happen and for the price to pull back or dip into the price levels we want to trade. These price levels are made of supply and demand imbalances in our case. You can use these imbalances to plan your trades in lower timeframes.
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