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 22, 2015
NKE Chart - 12/23/15
Nike is making a new all time high on the heels of positive earnings. The last time the company made an all time high, it rose by 8.5%. We can therefore expect similar price movement now, with a target price of $140ish.