CMPS has been struggling to gain the 4.80 Resistance Level on the higher timeframes, but has recently closed above this level and has since confirmed support at the 4.00 level, making long positions reasonable to take. Nothing is guaranteed, but I have bought 100 shares at 4.42 based off this analysis.
In my previous post, I outlined the resistance level that had to be gained in order for INTC to enter into a bullish confirmation. We are now above that level as I predicted, and there are now 2 likely outcomes;
1. The less likely option is we have a continuation where we re-test the resistance range of 22 and continue upwards, as outlined in my previous post.
2....
INTC is currently below critical resistance levels on the 4h/1d chart, and must re-gain the 22ish range for any valid long, until a re-gain and re-test of the range that sent us up for the last bullish period is confirmed, longs should not be considered for short term trades.
