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 lower attractive prices or for more margin of safety, wait for it to break out of 14.20 level, establish bullish signals and then go LONG.
Please DYODD
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 lower attractive prices or for more margin of safety, wait for it to break out of 14.20 level, establish bullish signals and then go LONG.
Please DYODD