Compass Diversified Holdings is a US-based diversified business conglomerate with two divisions: branded consumer business and niche industrial business. Branded consumer businesses are defined as those that capitalize on a valuable brand name in their market sector. It features brands such as 5.11, Ergobaby, Liberty Safe, and Velocity Outdoor. Niche industrial...
Most recent candle tested 3 fibonacci levels and the descending trend line to close just under the .61 Fib level. Also the MACD is going to cross any time now. In addition the proximity to the YTD POC line seems to make this a low risk entry. Considering an entry over $24.64
Target $25.94
About 145 days into the bull flag. Still waiting for a breakout but positive signals are lining up nicely. If we succeed in a breakout these are the levels to look out for:
Long Target: $24
This outlook is invalidated below: $18.10
Great value and great TA - potential breakout
**Insider buying**
Insider Transactions +296.68%
Forward P/E 11.51
Market Cap 1.08B
Dividend of 8.66%
EPS this year -230%
EPS Q/Q +52.8%
ROI +2.7%
-36.94% off 52W High
Earnings was a massive miss & support held
CODI - Compass Diversified Holdings
CODI acts very similar to Berkshire Hathaway in how they pick and manage companies. This has been on my radar since high $17 range in late 2017. I'm really comfortable with this entry although I wished I could've picked them up earlier. I am, however, comfortable with my entry at 15.55 (500 shares) since we are back above...
I know, I know another H&S. Well thats how it happens sometimes. The patterns just propagate thru out the market. This one is especially interesting because of the repeating H&S pattern thru out the time frames. You can see an H&S on the daily and 15 minute. They are all unique H&S formations. Really cool to see a pattern mirror thru the time frames.
Indicators...
Since Compass tested the longterm downtrends bottom edge @ 13,67$ 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...
$15.50 target by May: 9% rally potential. Downside risk 8% to $13.
If you can be patient and get an entry under $14, then the odds improve but the quality of CODI allows me to accept current prices. The company is located in Westport, CT and although the stock is not liquid, it does provide a dividend of 10% at current distribution rates. Keep it on your...
