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 it loses these points, then we must...
Nice base formed. UK-based magic mushroom company. One of the only publicly traded shroom companies. Eyes on it.
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.
Here is my game plan on CMPS. I am not a professional and would recommend you do your own research and risk management
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....
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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.
Looks to be ready for another move up from here... Price hit and bounced off a key FIB Retracement, trend line, support and crossed 21 day avg.
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...
Support line has held many times before, shall it continue? I think so. High volume at $39 should be enough support for a short term bounce. From there, the future is uncertain
CMPS @ Bottom of Regression ENTRY = 40-42 ADD = 37 1st Target = .618@46.02 2nd Target = .786@52.32 HODL Target = 60+ ______________________________________________________________________________________________________________________ This content is for informational and educational purposes only. This is not in any way, shape or form financial or trading...
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...
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
NASDAQ:CMPS CMPS had its largest volume base since it's IPO Sept 18th. Strong confirmations on the UO, %R, and MACD.