Short term target is $9 and then likely a retrace back down to $7.50 and then continue to $13.00
$13.00 is going to be big resistance so will need to re-evaluate once it is reached.
Chart looks great for a fast move up though
Seems like the bottom is in for a couple years on this. Not sure the catalyst is going to be more people imprisoned or getting contracts to deal with homelessness, but this is not an industry that is just going to go away. Not a fun one to think about, but it is a heavily shorted stock so it has a lot of potential to run.
Targets and rebuys in shaded boxes
don't even need to worry about drawing lines
this one looks like a 100% gain in the next year
fundamental strong
Biden administration openly acknowledges nothing will change
Seeing that War is here and many are voluntary putting their lives at risk. I would only assume that the U.S will go into full war deploying their troops or possibly some event to happen where it would need GEO's services in time of need - of course funded by the govt.
Please do your own research before investing.
trade safe all.
Hi,
Breakout on 8th june didn't happen but huge amount of buying took place.
As on the chart, we can see clear breakout at the moment.
Personally I am taking $17 long term options for this ticker and wait.
Let's see how far it can run xD
#DYOR
~CHEERS
Liking the way GEO is holding on this pullback and wondering if it has more potential leg here. During summer's flight to quality stocks, GEO squeezed when investors sought REIT names in the IYR space. If deflation takes hold, I believe it could happen again. We'll see.
Market Cap: 939 M
Shares Outstanding: 122.5 M
Average Trading Volume (10 days): 1.9 M
Shares Short: 27.9 M
Short Interest(%): 22.8%
Days to cover: 4
Change in Short Interest: -3%
Ownership Breakdown %:
Institutions: 83.2
General Public: 13.6
Hedge Funds:
Individual insiders: 3.2
Sum: 100
Option profile:
Total OI:
Put Call Ratio:0.64
Put OI:
Call OI:
Highest...
Is GEO about to to go on a small run?
It looks like GEO may have just experienced wave one of an uptrend and is looking to continue that trend with wave 2. It briefly broke it’s this trend on July 19th but quickly hoped back on board and has been holding true since and has formed a nice level of support at $6.61. As of the 28th we appear to have broken out of the...
Massively short interest (35%). Breakout and retest of long, technical downtrend. Former CEO recently made large insider purchase. Could the Dems be looking for increased border detention funding?
Wedge Breakout + pullback
SMA13/50 as support
WR > -80
OBV> OBV34
Entry 7.5
Stop 6
Target 15
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.
I created some tradingview scripts to improve my trading...
CEO George Zoley spent $1.123 million for 166,664 GEO shares last week!!
The PE Ratio (TTM) of The GEO Group is extremely low: 6.54 !!!
The short interest in top 5 of the day: 35.85% !!!
This is primed for a breakout!
My first target is 12usd!
$GEO - Moving in a downward channel. Bounced back from $5 support, broke the 30 week average. Last week saw very high volume. Last week the CEO bought "$GEO GROUP INC ZOLEY GEORGE C Chairman & CEO 2021-06-15 Buy 166,644 pc $6.75 total $1,124,047." The analyst's price target is 12-Month Average Target 12.75. That would be just close to the upper boundary of the...
GEO broke out of 4-year long downtrend, multi-year falling wedge pattern on massive volume and is now in the process of backtesting that breakout which could be an amazing opportunity to buy in. Golden mean ratio of Fib retracement is at around $23 which is confluent with historical resistance level and I believe this would be the minimum target of this trade if...
