📈
🔹 Ticker: GEO (NYSE)
🔹 Setup Type: Falling Trendline Break + Support Bounce
🔸 Breakout Price: ~$29.93
📊 Trade Plan (Long Position)
✅ Entry Zone: $29.80–$29.95 (break + retest of yellow resistance zone)
✅ Stop Loss (SL): Below $29.40 (structure support / white line)
✅ Take Profit Targets:
📌 TP1: $30.68 (red zone – resistance)
📌 TP2: $31.66 (green zone – prior high)
📐 Risk-Reward Analysis
📉 Risk:
$29.93 - $29.40 = $0.53
📈 Reward to TP1:
$30.68 - $29.93 = $0.75 → 1.41:1 R/R
📈 Reward to TP2:
$31.66 - $29.93 = $1.73 → 3.26:1 R/R
🔍 Technical Highlights
📌 Break above falling trendline (pink) with volume pickup
📌 Strong ascending support (pink triangle) forming a breakout base
📌 Yellow zone = key reaction level
📌 Chart shows tightening price action before bullish expansion
⚙️ Trade Management Strategy
🟢 After TP1:
— Move SL to breakeven
— Book partial profits
📈 Hold remainder for TP2 with a trailing SL strategy
⚠️ Setup Invalidation
❌ Close below $29.40
❌ Rejection from yellow zone without volume
❌ Breaks trendline without retest confirmation
🔹 Ticker: GEO (NYSE)
🔹 Setup Type: Falling Trendline Break + Support Bounce
🔸 Breakout Price: ~$29.93
📊 Trade Plan (Long Position)
✅ Entry Zone: $29.80–$29.95 (break + retest of yellow resistance zone)
✅ Stop Loss (SL): Below $29.40 (structure support / white line)
✅ Take Profit Targets:
📌 TP1: $30.68 (red zone – resistance)
📌 TP2: $31.66 (green zone – prior high)
📐 Risk-Reward Analysis
📉 Risk:
$29.93 - $29.40 = $0.53
📈 Reward to TP1:
$30.68 - $29.93 = $0.75 → 1.41:1 R/R
📈 Reward to TP2:
$31.66 - $29.93 = $1.73 → 3.26:1 R/R
🔍 Technical Highlights
📌 Break above falling trendline (pink) with volume pickup
📌 Strong ascending support (pink triangle) forming a breakout base
📌 Yellow zone = key reaction level
📌 Chart shows tightening price action before bullish expansion
⚙️ Trade Management Strategy
🟢 After TP1:
— Move SL to breakeven
— Book partial profits
📈 Hold remainder for TP2 with a trailing SL strategy
⚠️ Setup Invalidation
❌ Close below $29.40
❌ Rejection from yellow zone without volume
❌ Breaks trendline without retest confirmation
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.