$GEO Border Detention Facilities - Profiting off of incompetence
Good morning everyone, Today I am evaluating a stock I have legitimately found valuable for a few months. With the escalation at our border (Record numbers of crossings in October) It is time to consider how we can profit from such a tragic situation. I've been invested in stocks like
GEO
and
CXW
for the past year or so, however, I think right now might be the most bullish I've been on them in a while. In this video, I lay out potential price targets for
GEO
and show some of the methodology behind my trading strategy.
Here are my outlined Targets / Resistances and supports
Strong Support Level: $8.30
Strong Resistance Level: $9.95
Resistance 2: $12.35
Target 1: $14.31
Target 2 / Resistance 3: $17.58
Target 3: $19.82
Remember, both targets and resistances represent solid points to take profit.
Don't get greedy
The GEO Group (GEO) operates special-purpose, state-of-the-art residential centers on behalf of U.S. Immigration and Customs Enforcement (ICE).
All ICE Processing Centers operated by GEO have a long-standing record of providing high-quality, culturally responsive services in safe, secure, and humane environments that meet the needs of the individuals in the care and custody of federal immigration authorities.
GEO
and
CXW
for the past year or so, however, I think right now might be the most bullish I've been on them in a while. In this video, I lay out potential price targets for
GEO
and show some of the methodology behind my trading strategy. Here are my outlined Targets / Resistances and supports
Strong Support Level: $8.30
Strong Resistance Level: $9.95
Resistance 2: $12.35
Target 1: $14.31
Target 2 / Resistance 3: $17.58
Target 3: $19.82
Remember, both targets and resistances represent solid points to take profit.
Don't get greedy
The GEO Group (GEO) operates special-purpose, state-of-the-art residential centers on behalf of U.S. Immigration and Customs Enforcement (ICE).
All ICE Processing Centers operated by GEO have a long-standing record of providing high-quality, culturally responsive services in safe, secure, and humane environments that meet the needs of the individuals in the care and custody of federal immigration authorities.
