If in the trade from lower blue line, then take 50% profit now. The rest of the trade will be analyzed separately. I expect the next leg up to be just as quick as the last leg. We can see bullish action at the central red line on the 5 minute chart. See below. There is little selling so far.
Nearing resistance. Watch for rejection and falling back down below. Breakout out above could live to a large upswing towards $20. Consider that unlikely and rejection much more probable.
Today you can review the technical analysis idea on a 1D linear scale chart for Geo Group Inc (GEO). Michael Burry's investment in Geo Group Inc seems to be paying off. Price may be headed towards $11. Keeping a close eye on this one. Falling channel breakout and above the 200 SMA. Resistance around $11. fortune.com If you enjoy my ideas, feel free to like it...
Break out from resistance, not sure if Michael burry still holding on to this company.
Order SELL GEO NYSE Stop 8.18 LMT 8.18 will be automatically canceled at 20230401 01:00:00 EST GEO daily bearish hammer at short term downtrend line. Stop loss above local high, take profit at MA 100.
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This seems trend changing. Whats the best action to do for this? :) ??
GEO daily beginning of wave 5 uptrend. Stop loss under local low pivot.
Pt 2Im expecting this short if price breaks this level on the daily TF (Time Frame) It may or may not hit all the targets so keep ur targets to yourself SENNA SEASON
Been a while since i intraday on stocks swinging been more insightful im looking at Michael Burrys all in gamble $GEO declining volume seems to be picking up and the profile is sho
Last weak Tuesday GEO was shorted, 8/22, then bounced back up on Thursday 8/25 the day before the need to cover positions, Friday. What appears to be happening is shorts opening new shorts early into the weak on Tuesday and then covering their old shorts on Thursday which results in the price raise. The issue with that is the fact that we are closing at higher...
Geo group trailing on 10 day MA. Low risk, potential high reward.
I select beyond technical analysis because I am not speaking to the hairsplitters. A friend of mine once said, "Theres a chart in the floor of every sunken ship" So while technicals are to be respected, we have to keep in mind that all trailing indicators are just that. Having said that GEO This showed up on the whalewisdom radar 13F , Michael Burry all in...
GEO has repeated a double bottom seen previously in price action history In prior incredibly bullish results were seen Likely that these bullish results will be repeated
Zero resistance until $21 per share, shorts will have to buy back, 85% of shares are owned, and 15% are shorted. Do the math.
The War on Fraud People Will go to Jail Government Expenditures are being reduced, however, by giving contracts to the GEO group, the government is bullish on this company. Fundamentally, net income and net revenue increase, bullish, especially in a time when the US dollar is increasing in value. Michael Burry's only stock position is GEO group I see no...
Interesting breakout over daily time frame, interesting business for this particular moment in the economic cycle...
The crash from ATH's looks about finished, HTF ABC bullish correction. I would think we now impulse 5 up. If that turns into an A wave then there is much more pain. If we do 3 up here and only hit $10 then this would be an X wave and the price action did a fib extension 1 to 1 and would expect much more downside.