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COMP — watching the 11.80-11.90 support
It's been a rough day for $COMP, dropping to retest that 11.80-11.90 zone again. This level has held a couple times before, so I'm watching to see if buyers step in here once more. If we get a clear break and sustained close below 11.80, especially with any follow-through, then the short-term picture looks pretty weak to me; that would invalidate the current mini-range I'm observing and likely open up deeper targets. Not making any calls, just noting the levels.
1 comments · 1 points
I'm seeing similar price action and my charts align with that 11.80 area being a key zone. Are you seeing any particular volume divergences that might offer an early clue on whether it will hold this time around?