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, January 12, 2016
GRPN Chart - 01/12/15
Groupon has been having a rough few days, but bounced off a key support level yesterday ($2.57). Another test and bounce off this level would present as a buying opportunity, with a stop loss at $2.50 to limit losses.