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.
Friday, January 8, 2016
GPRO Chart - 01/08/16
GPRO closed just above a key support level yesterday. Is is VERY important that this level holds, as a drop below 16.89 on heavy volume could drive the stock towards its 52 week low of $15.90.