It`s time for a decision !
Since Compass tested the longterm downtrends bottom edge @ 13,67$ the stocked climbed and climbed. These days, the Stock is fighting against this downtrend. The first test was followed from a sharp drop back to it s 0,5 fibo-retracement at 15.50 and the stock went sideways.
IMO the Zone between These two Levels (15.5-16.5) seems to be neutral -here is no Action needed.
I see 2 different "Action Points":
1. If COMPASS > 16.5, a stopbuy could be useful :-) First TP of this Breakout-Szenario could be 17.25$
2. If Compass < 15.5$, a stoppsell is thinkable. Here the main trend would be reentered, the TP could be 15.5/12.6$
In my Chart, i have illustrated the shortposition
IMO the Zone between These two Levels (15.5-16.5) seems to be neutral -here is no Action needed.
I see 2 different "Action Points":
1. If COMPASS > 16.5, a stopbuy could be useful :-) First TP of this Breakout-Szenario could be 17.25$
2. If Compass < 15.5$, a stoppsell is thinkable. Here the main trend would be reentered, the TP could be 15.5/12.6$
In my Chart, i have illustrated the shortposition
Trade active:
the longside is triggered, the example longtrade filled @ 16.5
Comment:
Trade closed: target reached
