Nov. 15 at 1:45 AM
$CMPO: The current market context shows a last close of
$19.86, with an RSI of 45.34, indicating neutral momentum. The price is below both the 30-day moving average (MA30) of
$20.32 and the 50-day moving average (MA50) of
$20.13, suggesting a bearish trend in the short to medium term. The 60-day high of
$26.78 and low of
$17.95 indicate a range that the stock has been trading within, with current pricing closer to the low end.
Directional bias leans bearish due to the price being below key moving averages and the RSI indicating a lack of bullish momentum.
Suggested entry point:
$19.50 (below current price to capture potential downside).
Stop loss:
$18.50 (to limit risk).
Targets:
$21.00 (first target, near MA30) and
$22.50 (second target, a conservative retracement towards the 60D high).
Monitor closely for any changes in momentum.
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