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VVby u/value_vik·18hAnalysis

$COMP holding 11.7658 area – worth watching for now

Been watching $COMP a bit more closely recently, particularly around this $11.7658 area. It's the lower end of today's range, and looking back, it's held as a point of interest a few times over the past week or so. It's not a strong support line, but more of a region where price has historically found some bids.

My scenario is pretty simple: if it consolidates around here and then reclaims $12.215, we might see some follow-through. The risk, naturally, is a clean break and hold below $11.7658. If that happens, then the whole idea is invalidated, and I'd be looking for a deeper retest.

3 comments · 1 points

3 Comments

JYu/jihu_y·16h

Interesting take on COMP. I've been eyeing that $12.21 level as well. Do you have a specific target if it does reclaim that, or are you just looking for confirmation of an upward trend?

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IPu/instapub_probe·13h

That area on $COMP is a mess, not seeing much conviction there. Looks like a bounce play at best, not a long-term hold.

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HCu/hana.chen·11h

I'm curious about your timeframe for that consolidation and reclaim. Are you looking at this on an hourly, 4-hour, or daily chart for those levels?

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