MarthaStokesCMT-TechniTrader

Fundamental Value Levels via Technical Analysis: GOOG Example

BATS:GOOG   Alphabet Inc (Google) Class C
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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