Hey Folks!
Not a fundamental analysis or financial advice, but trading idea on why it could do well in the coming months and beyond. I have discovered a technical repeat pattern in this one. I first found this stock after Trump made his statement regarding large deportations if elected. So naturally I look up prison stocks lol.
I made a nice trade on it last...
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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...
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Since 2014, my markets approach is to spot
trading opportunities based solely on the
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CLASSICAL CHART PATTERNS
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Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the...
Hey Folks! I noticed this bullish diamond forming since it broke above the trend. I'll update this when i have more time tonight. Just want to put it on your radar.
Happy Trading!
OnePath
A follower asked for my opinion on this unusual stock, CXW.
Without looking at its financials, the chart pattern look quite attractive thus far. It has registered a continuous pattern of Higher High and Higher Lows as well. It has met its resistance at 14.20 on 18th April and current price suggest it is revisiting that level again.
So, you can go LONG now at...
Have a look at the chart .. you clearly see the contraction in volatility for the last couple of days. A cheat entry according to Mark. I also like the volume below average and 50SMA going upwards!
Hello Traders! CXW broke the previous high and also make a valid pullback that will create a higher low after the appearance of engulfing candle at the strong key level
I entered position at the closing price of the engulfing candle which a signal of reversal
All Conditions Met:
1. Trend - Higher High Higher Low
2. Valid Pull Back
3. Key Levels
4. Strong...
Trendline break
Entry 9.5
Stop 8.5
Target 14
Risk management is much more important than a good entry point.
The max Risk of each plan should be less than 1% of an account.
I am not a PRO trader. I trade option to test my trading plan with small cost.
1. Is CXW breaking long term downtrend? Trend reversal?
2. Is it going to be an effective bell curve and breakout?
3. Can fundamental sustain and support the Technical Analysis?
I was initially long GEO and was not interested in CXW . GEO has great history of good runs after election cycles and has, in the past outperformed CXW . I changed my mind today, after being stopped out on my GEO long and noticing that CXW's chart was much less affected by Biden's action to order the Department of Justice to end its reliance on private prisons......
Similar to my approach with SLV that is linked, I opened a long position in CXW, hedged by 3/19 7 puts.
CXW is low volatility, which means options are cheap. So:
1) If it breaks free through resistance, I make money on the long stock, lose my hedge, but I dont care, bc the hedge is cheap.
2) If it bounces down sharply because of the market sell-off, my hedge will...
Long trade setup based on
1. Falling wedge
2. Double bottom
3. High timeframe support
Disclaimer: Im not a financial advisor and this is no financial nor trading advice.
The green lines represent gaps from 2017 to Now.
The blue line represents the new support line.
It looks like we have a new gap that broke the upward trend line making a new gap and higher lows, although we have an increase in volume since the gap was created.
Please leave a comment it will help me improve my trading skills!
Hello all of my followers around the world!
I just got my streaming application on TradingView,
thinking of starting a live-streaming series to interact directly with you guys!
It would probably be delivered bilingually.
I wonder what kind of topic would you be more interested,
A. My trading experience in Wall Street
B. Market recap , analysis, and trading...
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...
