📈 🟢
🔹 Asset: CoreCivic, Inc. (CXW – NYSE)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Symmetrical Triangle Breakout + Retest
📊 Trade Plan – Long Position
✅ Entry Zone: $21.50 (Breakout above resistance + trendline support)
✅ Stop-Loss (SL): $21.11 (Below breakout candle & structure)
🎯 Take Profit Targets:
📌 TP1: $21.95 – Previous resistance
📌 TP2: $22.43 – Key supply zone
📐 Risk-Reward Calculation
🟥 Risk: $0.39/share
🟩 Reward to TP2: $0.93/share
📊 R/R Ratio: ~1 : 2.4 – Tight setup with decent reward
🔍 Technical Highlights
📌 Breakout above symmetrical triangle pattern ✔
📌 Price consolidating above key support zone ✔
📌 Volume is stable — watch for increase on follow-through ✔
📌 Higher low structure with strong bullish candles ✔
📉 Risk Management Strategy
🔁 Move SL to breakeven after TP1
💰 Take 50% off at TP1
🚀 Let remainder ride to TP2
🚨 Setup Invalidation If:
❌ Price closes below $21.11
❌ No bullish volume follow-through
❌ Rejection from $21.95 with long wicks
🔗 #CXW #TriangleBreakout #SwingTrade #NYSE #ProfittoPath #TechnicalAnalysis #ChartSetup #RiskReward #SmartMoney #VolumeBreakout
🔹 Asset: CoreCivic, Inc. (CXW – NYSE)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Symmetrical Triangle Breakout + Retest
📊 Trade Plan – Long Position
✅ Entry Zone: $21.50 (Breakout above resistance + trendline support)
✅ Stop-Loss (SL): $21.11 (Below breakout candle & structure)
🎯 Take Profit Targets:
📌 TP1: $21.95 – Previous resistance
📌 TP2: $22.43 – Key supply zone
📐 Risk-Reward Calculation
🟥 Risk: $0.39/share
🟩 Reward to TP2: $0.93/share
📊 R/R Ratio: ~1 : 2.4 – Tight setup with decent reward
🔍 Technical Highlights
📌 Breakout above symmetrical triangle pattern ✔
📌 Price consolidating above key support zone ✔
📌 Volume is stable — watch for increase on follow-through ✔
📌 Higher low structure with strong bullish candles ✔
📉 Risk Management Strategy
🔁 Move SL to breakeven after TP1
💰 Take 50% off at TP1
🚀 Let remainder ride to TP2
🚨 Setup Invalidation If:
❌ Price closes below $21.11
❌ No bullish volume follow-through
❌ Rejection from $21.95 with long wicks
🔗 #CXW #TriangleBreakout #SwingTrade #NYSE #ProfittoPath #TechnicalAnalysis #ChartSetup #RiskReward #SmartMoney #VolumeBreakout
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.