COMPASS Pathways Plc - American Depository SharesNASDAQ
Description
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CMPS is around a major support level of 45 and is now showing signs that the pullback from 60 is over. 15 min ichimoku chart has lagging line (white) in the bullish position, crossover (blue over red) is also bullish and lots of cloud support. The price has also crossed the 200 period Moving Average (yellow line) this is usually predictive of trend changes. The bullish trend line on the daily chart (purple line at the bottom) was recently tested and has held up. Price targets can be found on the larger retracement pattern in the daily chart. 23.6% (red shaded area) around 52 is a good profit taking point. the 50% retracement around 38 makes for a good stop loss. CMPS offers options up to the month of August this year.