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
SHAK Chart - 12/15/2015
SHAK is in its fifth retest of $40 critical support level right now. If it fails to hold, the stock could see a significant drop in value, especially below its all time low of $38.64.