Dec. 12 at 12:58 AM
Actionable Trade Alert for
$CMPO:
Market Context:
$CMPO is currently trading at
$20.59, showing strong bullish momentum with an RSI of 80.8, indicating overbought conditions. However, the price is above its 30-day (MA30) and 50-day (MA50) moving averages, which are at
$20.06 and
$20.08, respectively. The recent high of
$26.78 suggests potential for upward movement, while the low of
$17.8 provides a solid support level.
Directional Bias: The strong RSI indicates a bullish trend, but caution is warranted due to the overbought condition. The price is well above both MAs, reinforcing a bullish outlook in the short term.
Trade Plan:
- Suggested Entry:
$20.59
- Stop Loss:
$19.50 (5.3% below entry)
- Take Profit Targets:
1.
$22.50 (9.3% ROI)
2.
$24.00 (16.6% ROI)
3.
$24.50 (19.1% ROI)
With a potential ROI of over 17% on the third target, this trade offers a solid risk-reward ratio. Monitor closely for any signs of reversal.
https://privateprofiteers.com
