Dec. 15 at 7:20 AM
Actionable Trade Alert for
$COMP:
Market Context:
$COMP is currently trading at
$10.74, showing strong momentum with an RSI of 66.24, indicating it is approaching overbought territory. However, the stock is above its 30-day moving average (MA30) of 9.71 and 50-day moving average (MA50) of 8.82, suggesting bullish sentiment.
Directional Bias: The recent 60-day high of
$11.03 provides a resistance level, while the low of
$6.84 indicates a solid support base. Given the current price is close to the high, we anticipate a potential breakout.
Suggested Trade Plan:
- Entry:
$10.80 (slightly above the last close for confirmation)
- Stop Loss:
$10.30 (to manage risk)
- Take Profit Targets:
1.
$11.00 (approx. 2% gain)
2.
$11.50 (approx. 6.5% gain)
3.
$12.60 (approx. 17% gain)
This plan provides a clear risk-reward ratio while capitalizing on the current bullish trend.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
