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mrmaximo74
Oct 9, 2023 9:56 AM

CXW and a possible small win  Long

CoreCivic, Inc.NYSE

Description

*** THE WAR IN ISRAEL WILL HAVE WORLDWIDE EFFECTS ON ALL MARKETS. TRADE RESPONSIBLY,
TRADE WITH CAUTION. YOUR THESIS AND PREDICTIONS COULD IMPLODE WITHOUT WARNING.***

CXW - looking bullish...why?
Daily chart indicates the following - Green Stacked EMAS, nice candlestick setup on the 8 ema, Volume increase, RSI on the rise, Stochastic nearing an about-face

Strategy - Buy off a bounce at Fib Extension entry here 0.236 (11.14)
Sell Target Exit 0.618 (11.62)
4.3% win

Add this to your watchlist, and...

*Let's see what happens*

DISCLAIMER - I am not a professional trader. These are merely my thoughts and possible moves; i enjoy watching these stocks validate my process or slap me across the face lol. If you are in need of professional assistance with your trades, don't look here. I am not that guy.

Comment

Target met! Hit $11.63
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