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
XOM Chart - 12/15/2015
Exxon is bouncing off a key support level for the stock at $74. It is very important that this support level holds, as below $68 (S3) the stock would have very little support, and could drop very hard.