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.
Tuesday, December 15, 2015
DIS Chart - 12/15/2015
After finding a top at $120, DIS has retraced all the way back to $109, where it found some support. If this support fails, the stock could be heading to <$100. May the force be with you!