Hey guys! Another trading idea for you! CMPS looks interesting for a swing trade!
In the 4h chart it is doing a good bullish pattern (harami) just above the 20ma and the 36.36 (red line).
The purple area is a resistance area, as the daily chart suggests.
CMPS just hit the 20ma in the daily chart too, along with the 20ma....
If we go back down to the support imo that would be a good time to pick up some of that juice stock.
Trading a breakout out of this channel seams possible to especially considering the bullish sentiment surrounding psychedelic stocks right now.
Not financial advice.
There are now talks on wall street bets about the coming "Shroom Boom" The two biggest players are MMEDF and CMPS. CMPS is backed by Peter Thiel and MMEDF is backed by Kevin OLeary. CMPS is my preferred play since they are already on the Nasdaq and offer options. We can clearly see the trend line (purple) is holding very strong and has been tested multiple times....
Something tells me after MJ squeezes at the hands of the reddit masses, magic mushroom stocks will be next. This one has a nice setup leading into earnings, and recent history has shown how it can rip out of consolidation. Looking for a solid breakout over 48.00.
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...
CMPS @ Bottom of Regression
ENTRY = 40-42
ADD = 37
1st Target = .email@example.com
2nd Target = .firstname.lastname@example.org
HODL Target = 60+
This content is for informational and educational purposes only. This is not in any way, shape or form financial or trading...
When CMPS breaks these downward trends, they tend to pop. They recently just reached an ATH. Their next downward trend could start now, or above $51. Either way, when it enters and breaks the downward trend within the next week or two, i will be adding to my position
Currently worth a lil over 1.6B market cap.
Your guess is as good as mine on the how much it can be worth. But I do know that this stuff works remarkably well and there is a lot of research applied research that's currently in practice with great results.
These are potential price targets in the long term.
Green are supports.
$28 could be support but prob...
Citron following intraday trading strategy idea
COMPASS Pathways plc operates as a mental health care company in the United Kingdom and the United States.
The share price is rising and gonna continue this trend today after the new Citron report publishing.
The demand for shares of the company still looks higher than the supply.
These and other conditions can...
Right now, I think that CMPS has at the bear minimum a $34 target, and likely one should do risk analysis to see if they might want to continue from there. Probably a wide range auto sell with stop loss for a long position might not be too bad later on as well. Support levels seem to be picking up on this one. That being said, do your own due diligence and invest...
COMPASS Pathways Plc functions as an investment holding company. It operates through its subsidiaries which provide mental health care services. The company was founded in June 2020 and is headquartered in Altrincham, United Kingdom.