Hilton Grand Vacation HGV, American stock trading in New York Stock Exchange, provides us with new weekly demand imbalances to trade long from. We don’t really need any lagging indicators or oscillators to tell us where a potential buy or sell opportunity may have been created.
Price action is the only non-lagging indicator there is, and most traders are ignoring it by adding a myriad of indicators and oscillators to their charts, believing they will tell them how to trade the stock markets successfully. By consistently ignoring price action and the imbalances created by new bullish and bearish impulses, we are making sure to be on the wrong side of the equation most of the time.
We strongly advise you not to ignore price action if you want to learn how to trade stocks successfully. When looking at Hilton Grand Vacation American stock, you will be able to see how to very strong bullish impulses are being created on the weekly timeframe at the bottom around $26 per share. These new bullish impulses create new weekly demand imbalances; retailers do not create these demand levels. These new potential imbalances are being created at all-time lows. Hilton Grand Vacation HGV is cheap to buy, so thousands of shares are being purchased, allowing the underlying price of Hilton Grand Vacation HGV to rally and create a strong bullish impulse on the weekly timeframe.
We are planning to buy shares of Hilton Grand Vacation #HGV around $26 if the price retraces down there again. Previous weekly demand imbalance at all-time lows is playing out nicely from $26. The stock has rallied strongly, and now we expect the price to drop again. We can see weakness for the last three weeks on Hilton Grand Vacation with several basing candles, this is showing us a potential drop to the price level we want to buy shares of Hilton Grand Vacation stock again. Price needs to rally to drop, it’s logical, but most traders won’t be patient enough to wait for the price to do what it’s expected to do.
Now we know where the bullish move started, that footprint cannot be eliminated from Hilton Grand Vacation stock, and price action cannot be undone. A weekly candle cannot close at $30 today and be un-closed the next day at $29. That can happen with lagging indicators and moving averages, it just cannot happen if your trading strategy involves price action technical analysis. By adding price action and imbalances to your stock trading strategy, you will be trading where huge piles or orders have taken place, not after they have been filled.
Watch a detailed supply and demand technical analysis video below on Hilton Grand Vacation American stock.
Hilton Grand Vacations Inc., a timeshare company, develops, markets, and operates vacation ownership resorts primarily under the Hilton Grand Vacations brand. The company operates in two segments, Real Estate Sales and Financing and Resort Operations and Club Management. It sells vacation ownership intervals; manages resorts; operates a points-based vacation club, and finances and services loans provided to consumers for their timeshare purchases. The company also manages and operates the points-based Hilton Grand Vacations Club and Hilton Club exchange programs, which provide an exchange, leisure travel, and reservation services to approximately 309,000 members and engage in the rental of inventory made available due to ownership exchanges through its club programs. As of December 31, 2018, it had 54 resorts comprising 8,888 units located in the Hawaiian Islands, New York City, Orlando, Washington D.C., Las Vegas, and Europe. The company was founded in 1992 and is headquartered in Orlando, Florida.
This is the kind of price action technical analysis you will learn in our online trading academy. You will learn how to locate new supply and demand imbalances and trade without using any indicators, no news, no fundamental analysis, no earnings announcements, no volume or VSA analysis. Just supply and demand imbalances.
Trading supply and demand imbalances is ideal for beginners and those with a full or half-time job; you won’t need to stay in front of the computer all day long trying to move price action with your mind.
As supply and demand traders, we do not need to pay attention to the news, fundamentals or any earnings reports. Once a big timeframe imbalance has gained control, earnings do just the opposite and react strongly to those imbalances. Why is it that you see positive earnings, and then the underlying stock drops like a rock, or a negative earnings announcement and the stock rallies like a rocket out of control? You are probably missing the fact that there are big imbalances in gaining control.
You should not worry about fundamentals or earnings announcements unless you are doing very short-term trading and scalping.
You can use these imbalances to plan your trades in lower timeframes. Trading is just waiting for the right trigger points and scenarios to present themselves, this game has got a name, and it’s called the waiting game. We need to patiently wait for the correct scenarios and setups to happen and wait for the price to pull back or dip into the price levels we want to trade, in our case these price levels are made of supply and demand imbalances.