Reasons for bullish sentiment: 1. Lots of new prisoners as a result from the looting 2. Occuppancy of prisons would get a lot closer to 100% 3. Corona dropped the stock way too much 4. low P/E 5. Profitable company Technical analysis: 1.Weekly bullish divergence 2. lower channel line bounce 3. high volume in reversal candles Targets: first target $17 second...
Higher risk play. but the technicals looks good. nice pin bar with a lot of volume. trendline support area and potential stochastics divergence
Volume picking up at the bottom of a channel. stochastics starting to reverse back up
Nice steep bullish divergence. entry over 3.72. stop 3.44. 1st target at 200MA
Running bearish divergence rejected from upper channel and MA200. first target 9.52. second target 8.36. stop above the channel at 10.52
A really nice divergence there with a reversal candle rejecting the top channel line. if the santa rally won't take this higher, we can see a nice drop. first target is the daily 50MA.
Nice oversold level. double bottom with stochastics divergence.
Channel bottom with RSI and Stochastics divergences. entry at 7.40
entry price 7.05. risk reward ratio is quite nice.
Looks good for a reversal here. first target at 9.90. may even go up to 11.