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the famous big short legend michael berry has sold all of his stocks except for one stock so in this video i want to talk about geo group taker symbol geo because the technical analysis looks on point with the stock the volume looks very nice and we have a very nice catalyst um you know off this stock and it is a very nice cheap stock and also a recession proof stock so overall let's get started um you know into this video and before i actually talk about this news and before i talk about geo inc i'll be talking about spy and then about pins so if you want to skip through and you know watch that part of the video you guys can hover out because this video is time stamped and organized with um with channel uh bookmarks so overall let's get started okay let's take a look at the spy first so overall we have had another incredible date and the rsi keeps pushing the stocks keep pushing everything you know everything is going up right now now i want to take a look at the analysis for the spy let's take the volume out but overall we have hit another major level of resistance which is 428 now whenever you know usually that happens you know whenever we hit a level of resistance we consolidate we trade sideways before we actually move again to the upside and this is very very important because the market just doesn't go you know rapidly it goes up and it crashes back down we have consolidation periods and then we have leg up consolidation and leg up so overall looking at this chart you know just take a look at these consolidation phases for the market and it looks like we are you know getting ready to actually trade sideways and finally have a small correction again of just trading sideways now overall let's take a look at the bigger picture because again the market can just push through this um resistance now i'm taking a look at the bigger picture and i'm taking a look at potentially grabbing puts at 433 because that is the level of resistance that i'm watching to grab and puts at because this to me you know brings in a lot more confidence to grab puts so overall that is it with the spy please copy down my levels because if we reject this level of support our price target is 416 which is our level of support so now let's talk about pins ticker symbol p-i-n-s so i talked about this on my weekly watch list video and overall it actually had a very nice killer day you know we almost ran up to that price target i alerted this on all the servers that i alert for but overall i'm watching this again tomorrow at market open because we are getting in you know very very tight so essentially this is a very nice low risk high reward play for pins because we will be trading weeklies and then we're going to be having a very very tight stop loss because if we go you know below this level of support that is going to be our stop loss so overall my price target is 24.28 and not only that you know the overall social media sector you know has been having a great run like snapchat as well as twitter which is also kind of setting up as pinterest so overall that is it with um pins pinterest and now let's talk about michael bury so overall today we have some news that michael bury has sold all of his stocks you know big blue chip stocks like google and facebook he sold all of those stocks and bought only one stock which is geo group inc now this is a very very interesting stock because it it's basically private prisons and mental health facilities you know all across all across the world so this is definitely a stock that we need to do a lot more research on now overall this looks to be you know potentially a recession-proof stock and this is also a very very nice cheap stock which is seven uh you know seven dollars and sixty cents so this is definitely going to attract a lot of retail traders a lot of hype traders you know amc gamestop whatever it's a very cheap stock you know overall it also had a very nice move to the upside around after hours so expect retail traders to actually follow this now let's take a look at the chart because the chart is where it gets very very interesting now taking a look at the weekly time frame okay taking a look at the weekly time frame we had a amazing ascending triangle breakout and now we are taking a look at a continuation to the upside so my first price target is going to be around 10 which is our next level of resistance so geo 10 is my first price target for this stock now let's take a look at the bigger picture because i think this is where the money is at okay we are breaking a massive massive downtrend we have been you know just going down since 2017.
now whales are buying how do i know with that whales are buying because i'm taking a look at the volume indicator the volume indicator tells us how many people are trading the stock you know how many people are buying this stock off um you know stock up and we have massive massive volume on this stock and this is kind of how i actually found the play on amc you know as you guys know i've played amc before you know all those squeeze um short squeeze you know wall street bets hype um you know from last year but overall volume is going to be very very crucial because whales are buying the stock up so overall i really really love the stock because it is first of all a cheap stock and it is a kind of like a low risk stock because we can have a very nice stop loss you know below five dollars uh you know five dollars and 31 cents and the upside can be a lot more so you know it to me it looks like a low risk high reward type of play but again you know kind of like a meme stock small cap play so i would be very very careful it'll probably just play shares or long leap call options so overall hope you guys enjoyed this video you know i went in very very in depth and if you guys enjoy content like this make sure to subscribe with the notifications on and just leave a like so overall i really really appreciate you watching and see you guys later bye
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