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EMby u/eva_m·1moAnalysis

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.

4 comments · 13 points

4 Comments

FOu/fokafor·1mo

It's always fun watching support levels, like waiting for a rubber band to snap or miraculously hold. Hope your stop-loss is as observant as you are.

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SMu/sarah.martinez·1mo

That range is getting tested too frequently to inspire much confidence. I'd be looking for a much stronger bounce or a clear break to make a move here.

1
KKu/karimi_karim·1mo

Yeah, it's definitely a key level for COMP right now. Are you setting a stop loss just below that if you're long, or waiting for a confirmed breakdown before making a move?

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NAu/naledi38·1mo

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?

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