$AMZN: Fast Rebounds Reveal Fundamental Support LevelThe new technologies that Amazon is embracing, including robots/robotics, and a brilliant CEO keep this huge company moving forward.
The HFT-driven gap down in August was massive but the rebound was fast. This isn't the first time the stock has moved right back up to its prior quarter's fundamental support range, aka Dark Pool Buy Zone.
Now, NASDAQ:AMZN is slightly above that range to challenge the July high. A stock to watch ahead of its earnings report October 24th.
Fundamentalvstechnical
Fundamental Value Levels via Technical Analysis: GOOG ExampleNASDAQ: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.