COMP and the Q3 Institutional Flow - A Price Target Projection

Interesting price action on $COMP today, currently around 12.555. Been watching its recent movements closely, especially with the broader market's muted reaction to some recent news. My read on the situation for COMP is that we're likely to see it push towards the 14-15 range by the end of Q3.

The reasoning behind this isn't solely technical. While the current resistance levels are clear, I'm more focused on the upcoming institutional reports and potential shifts in allocation. We've seen a consistent, albeit quiet, accumulation pattern on a few larger wallets that tend to precede significant moves. If those inflows materialize as I anticipate, alongside a general market sentiment uplift, $COMP's current valuation appears quite attractive for a move up. I'd put the probability of hitting the $14.50 mark by September 30th at around 65-70%. Of course, macro headwinds are always a factor, but for COMP specifically, the supply dynamics combined with expected demand seem to align for that trajectory.