30 Mar 2021
We do not need to do a thorough stock fundamental analysis to place a buy a stock or place a trade. Fundamental analysis is a method used to evaluate a stock’s intrinsic value and analyse the factors that could influence its price in the future. This form of stock analysis is based on external events and influences, financial statements, and industry trends.
As supply and demand traders, we should not consider the fundamental stock analysis for any company. We could, but we do not need to pay attention to fundamental analysis.
As you can see in the stock analysis that I’ve shared for years, you will never see me referring to the fundamental analysis, the earnings reports, or the earnings of any stock. A trader doesn’t have to use supply and demand imbalances to place a trade, which adds complexity layers. I am not an expert in fundamental analysis. I will never be because I can see how these imbalances play out without adding stock fundamental analysis to my supply and demand technical analysis.
Fundamental analysis versus stock technical analysis
See an example of a recent trade that I took on a stock that you may have never heard of. Its name is Atos, and the stock is trading in Euronext Paris.
Atos is a French multinational information technology service and consulting company. The company specialises in hi-tech transactional services, unified communications, cloud, big data and cybersecurity services.
Take a look at the weekly timeframe stock analysis for Atos. That’s the type of stock price action and impulse we want to trade. As simple as that. No fundamental analysis. Nothing else is needed.
Watch the video below explaining the stock trading opportunity on Atos.
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