#COMP is moving inside a falling wedge pattern on the daily chart. Its first breakout attempt was rejected at the wedge resistance, and the second attempt was rejected at the daily SMA50. Consider buying a small bag near the support zone. If price breaks above both the wedge resistance and the SMA50, the potential upside targets are:
🎯 $40.61
🎯 $44.84
🎯 $49.06
🎯 $55.08
🎯 $62.75
❌ Invalidation: a daily candle closing below the wedge support.
⚠️ Always remember to use a tight stop-loss and maintain proper risk management.
🎯 $40.61
🎯 $44.84
🎯 $49.06
🎯 $55.08
🎯 $62.75
❌ Invalidation: a daily candle closing below the wedge support.
⚠️ Always remember to use a tight stop-loss and maintain proper risk management.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.