South Platte said:
You posted about GEO a few months ago. It's had quite a run the last couple of days. It appears this company is a government security construction finance company, correct?
Edit, so are they running in anticipation of building a huge wall on the border or other large developments?
Ya, after some short strength it broke a ton of supports and I was out and have ignored it. Know nothing of the company. Looking at the chart, there's no clear pattern. Best I can fashion is a diagonal, but I have little faith in it as even if correct, it's an unpredictable pattern. For example, as shown below, it could sell off from here, break below the previous high, fill the gap down, go even lower, and then find a bottom and resume back up to a new high. It's a shake out type of stock and I just can't say anything about this chart that would even give a clear stop that would leave you happy. I ignore these types, because the trends are so quick with no guarantee they last. They frustrate more often than not. Maybe it holds above $17.50 and never goes back below. At that point, I can calc higher target with more reliability.