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.
Monday, December 21, 2015
VRNG Chart - 12/21/15
As I said in my Seeking Alpha article here, Vringo is very undervalued at current levels. Given the recent price action, I see an imminent run to the $3.25 level.