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...
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......
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
1.Weekly bullish divergence
2. lower channel line bounce
3. high volume in reversal candles
first target $17
Private prisons aren't sexy, and CoreCivic has been collapsing due to negative publicity around its management of detention centers for migrant children on behalf of the US government. This, however, presents an opportunity for the contrarian investor. Despite an analyst downgrade a couple days ago from Fitch, CoreCivic has been seeing an acceleration of bullish...
Inverted head and shoulders? Looks like the right shoulder is forming off the 200MA on the Monthly chart. For people with not a lot of money to trade you could buy Calls going way out and see if you can catch this head and shoulders forming.
a doji at the bottom of a flag pattern engulfed by a bullish candle. I will trade the top of the engulfing candle with a stop below it.
Allow 2 days to trigger.
move stop up after two opens/closes above the 10ema.
take all at target.