buying the dip on magic mushroomscompass pathways is a unique stock to get exposure to psilocybin therapy
compasspathways.com
CMPS trade ideas
CMPS over 48.00Something tells me after MJ squeezes at the hands of the reddit masses, magic mushroom stocks will be next. This one has a nice setup leading into earnings, and recent history has shown how it can rip out of consolidation. Looking for a solid breakout over 48.00.
LONG - Looks to be Ready for it's next move upLooks to be ready for another move up from here...
Price hit and bounced off a key FIB Retracement, trend line, support and crossed 21 day avg.
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.
Simple But Relevant for $CMPSSupport line has held many times before, shall it continue? I think so. High volume at $39 should be enough support for a short term bounce. From there, the future is uncertain
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
CMPS PatternWhen CMPS breaks these downward trends, they tend to pop. They recently just reached an ATH. Their next downward trend could start now, or above $51. Either way, when it enters and breaks the downward trend within the next week or two, i will be adding to my position
CMPS - PENNANTNASDAQ:CMPS
CMPS had its largest volume base since it's IPO Sept 18th. Strong confirmations on the UO, %R, and MACD.
Compass Pathways to 70+ ....Wave count proposing Compass Pathways to run into 70+ -- very possible considering low float.
Wave 1: Impulse Pattern
Wave 2: Running Flat
Wave 3 target 1.618 extension of Wave 1
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 IPO LTBHIPO long term buy and hold following analysis from a trusted expert source.
5-10 year timeframe.
See chart annotations for entry.
Position size 1% of account as usual.
$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.
CMPS: $34+ TargetRight now, I think that CMPS has at the bear minimum a $34 target, and likely one should do risk analysis to see if they might want to continue from there. Probably a wide range auto sell with stop loss for a long position might not be too bad later on as well. Support levels seem to be picking up on this one. That being said, do your own due diligence and invest at your own risk.
