Nov. 13 at 2:40 AM
$COMP is currently experiencing a strong upward momentum, closing at
$9.43 with an RSI of 75.42, indicating overbought conditions. The price is above both the 30-day MA of
$7.77 and the 50-day MA of
$8.22, suggesting a bullish trend. However, the high of
$9.94 within the last 60 days indicates potential resistance, while the low of
$6.84 provides a solid support level.
Given the current metrics, the directional bias is cautiously bullish, but the elevated RSI suggests a possible pullback.
Suggested entry:
$9.20 (to capitalize on a potential dip).
Stop loss:
$8.90 (to limit downside risk).
Targets:
$9.80 (first target, near 60D high) and
$10.00 (second target, psychological resistance).
Monitor the RSI for signs of reversal and adjust positions accordingly.
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