We bout to get a heroic dose from CMPSCompass pathways is showing a falling wedge after a bullish harmonic on the weekly. (My harmonic skills are new, so it could be bogus, but the wedge is legit.) There is rsi bullish divergence as well as 3x class A macd bullish divergrnce. Just in terms of playing it safe, the tske profit is at the 1.618 of the wedge around 50 bucks. If that harmonic wants to run, the price could definitely go higher.
CMPS trade ideas
CMPS - Option Play for the weekCMPS - Long above $33.77 for shares or options. Personally I would take the December 34/35C on break above.
PT1: $38-$40 (trim 50-75% of your position here) - If playing 1 option, I would cut position here and take profits.
PT2: $43.50 - $47.40
SL: On break above, my SL would be $33.20
COMPASS Pathways plcCOMPASS Pathways plc operates as a mental health care company in the United Kingdom and the United States. It develops COMP360, a psilocybin formulation that is in Phase IIb clinical trial to treat patients with treatment-resistant depression. The company was formerly known as COMPASS Rx Limited and changed its name to COMPASS Pathways plc in August 2020. COMPASS Pathways plc was incorporated in 2020 and is based in Cheshire, the United Kingdom.
Are revenue and earnings forecast to grow?
Earnings are forecast to decline by an average of 15.5% per year for the next 3 years
Section 4.1
Fail
Are they forecast to achieve profitability?
Currently unprofitable and not forecast to become profitable over the next 3 years
Section 4.1
Pass
Are they in a good financial position?
They have sufficient cash for at least 1 year of operations
Section 6.4
Pass
Is their dividend sustainable?
They do not pay a dividend
Section 7.0
Pass
Is their share price liquid and stable?
Share price has been stable over the past 3 months
Section 2.1
Pass
Do they have sufficient financial data available?
They have sufficient analyst coverage
Section 4.0
Pass
Are there any concerning recent events?
No concerning events detected
Section 2.1
Pass
Do they have a meaningful market capitalization?
Market cap is meaningful ($1B)
Section 10.0
Pass
Do they have negative shareholders equity?
CMPS does not have negative shareholders equity.
Another swing trade idea for you! 😎Hey guys! Another trading idea for you! CMPS looks interesting for a swing trade!
In the 4h chart it is doing a good bullish pattern (harami) just above the 20ma and the 36.36 (red line).
The purple area is a resistance area, as the daily chart suggests.
CMPS just hit the 20ma in the daily chart too, along with the 20ma. If it loses these points, then we must wait for another entry point, but if it triggers the harami in the 4h chart, it has good chances of breaking the purple area.
This would be a pivot point for CMPS, that could lead it to higher levels, maybe the 50s!
Let’s watch CMPS closely! 👀
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Melissa.
CMPS - The Shroom BoomThere are now talks on wall street bets about the coming "Shroom Boom" The two biggest players are MMEDF and CMPS. CMPS is backed by Peter Thiel and MMEDF is backed by Kevin OLeary. CMPS is my preferred play since they are already on the Nasdaq and offer options. We can clearly see the trend line (purple) is holding very strong and has been tested multiple times. The regression trend is weak, but the price is starting to move back up the retracement levels and above the strong level of support around 45 (blue line.) Yesterdays buy volume was high for all of the stocks in the industry (callout box). I believe big players are pushing into this sector and soon will begin a marketing campaign to push these stocks even higher. Don't forget to cash out when it hits the mainstream.
CMPS 15 min BreakoutCMPS is around a major support level of 45 and is now showing signs that the pullback from 60 is over. 15 min ichimoku chart has lagging line (white) in the bullish position, crossover (blue over red) is also bullish and lots of cloud support. The price has also crossed the 200 period Moving Average (yellow line) this is usually predictive of trend changes. The bullish trend line on the daily chart (purple line at the bottom) was recently tested and has held up. Price targets can be found on the larger retracement pattern in the daily chart. 23.6% (red shaded area) around 52 is a good profit taking point. the 50% retracement around 38 makes for a good stop loss. CMPS offers options up to the month of August this year.
CMPS @ Bottom of RegressionCMPS @ Bottom of Regression
ENTRY = 40-42
ADD = 37
1st Target = .618@46.02
2nd Target = .786@52.32
HODL Target = 60+
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This content is for informational and educational purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez
$CMPS to a new dimension 🍄Currently worth a lil over 1.6B market cap.
Your guess is as good as mine on the how much it can be worth. But I do know that this stuff works remarkably well and there is a lot of research applied research that's currently in practice with great results.
These are potential price targets in the long term.
Green are supports.
$28 could be support but prob wouldn't want to see that lol
LONG CITRON is giving a GREAT LONG opportunity with $CMPSCitron following intraday trading strategy idea
COMPASS Pathways plc operates as a mental health care company in the United Kingdom and the United States.
The share price is rising and gonna continue this trend today after the new Citron report publishing.
The demand for shares of the company still looks higher than the supply.
These and other conditions can cause a rise in the share price today.
So I opened a long position from $41,92;
take-profit — $51,88;
stop-loss — $38,59
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
$CMPS is giving a GREAT IPO LONG opportunity todayIPO intraday trading strategy idea
COMPASS Pathways is developing a drug treatment for treatment-resistant depression .
The share price is rising and gonna continue this trend today.
The demand for shares of the company still looks higher than the supply.
These and other conditions can cause a rise in the share price today.
So I opened a long position from $25,00;
stop-loss — $20,00
information about take-profit will be later
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.