GEO Group looking bullish, yet bearish
Geo Group may have a somewhat bright future ahead of it, while it is definitely not great for society. As Geo invests in public and private jails in U.S, it benefits from increased crime rate. You can find it on google, believe me it’s growing. And a lot of this can be seen on social media as well.
When it comes to TA, Geo got rejected from the Fibonacci retracement, supported by declining monthly 50EMA. However, there is a clear demand/support zone below the current price levels. Hence, I’m going in.
Stop loss at 9$, just below the weekly 50EMA. Price target at 11,16$. Risk/reward therefore set to 3.
Great day for a great day!!
When it comes to TA, Geo got rejected from the Fibonacci retracement, supported by declining monthly 50EMA. However, there is a clear demand/support zone below the current price levels. Hence, I’m going in.
Stop loss at 9$, just below the weekly 50EMA. Price target at 11,16$. Risk/reward therefore set to 3.
Great day for a great day!!
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.