My goal with this blog is to post a simple technical read on some of the hottest stocks being discussed on social media during the week. By applying the KISS method (Keep it Simple, Stupid), I am hoping to reach those who seek a better understanding of how technical analysis impact a stock's price movement. I will only apply very simple technical reads, such as support, resistance, breakouts, channels, etc.
Wednesday, December 9, 2015
AAPL Chart - 12/09/15
Apple seems to be forming a wedge here at the $119 resistance level. The last time the stock formed such a wedge, the break was downward. Lets watch to see if history repeats itself: