GEO 👀 Now THAT’S a Nice-Looking Flat Base Breakout
This is the type of setup I like to see.
GEO found support right around the rising 50-day moving average, spent several weeks tightening up near the highs, and is now pushing through the top of a clean flat base into new highs.
Even better, earnings are already out of the way, removing one major piece of event risk.
Nice support at the 50-day. Tight price action. Defined breakout level. New highs.
Nice setup.
