In this video, I will analyze an American stock called CrowdStrike Holdings, Inc., a company in the software and infrastructure industry trading on the Nasdaq exchange with the CRWD symbol. The company provides cloud-delivered protection across endpoints, cloud workloads, identity, and data. It offers threat intelligence, managed security services, IT operations management, and threat hunting.
As you will see in the price action and supply and demand video analysis, a strong supply imbalance took control in the weekly timeframe. CrowdStrike stock reached that imbalance at around $197 per share, and it started to react after a couple of weeks. You will see how positive and good earnings usually have no effect on the stock and most likely move the stock price in the opposite direction.
You don’t need to learn anything about stock fundamental analysis, or EPS, which indicates how much money a company makes for each share of its stock and is a widely used metric for estimating corporate value. A higher EPS indicates greater value because investors will pay more for a company’s shares if they think it has higher profits than its share price. You just need supply and demand and price action to trade stocks successfully.
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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