Fundamental Value Levels via Technical Analysis: GOOG Example
GOOG had a mega gap down on earnings news. The stock was simply over-speculated. The price of this stock was way above the true fundamental values. So the stock gapped down to its current fundamental value level.
See the chart attached. The green rectangle outlines the last range where there were Dark Pool Buy Zones. Indicators like Accumulation/Distribution help to confirm a consistent level of accumulation.
Martha Stokes, CMT
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Learn how to use the technical patterns of each market participant for better trade planning.
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Learn how to use the technical patterns of each market participant for better trade planning.
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