$COMP TRADE SETUP

Bullish breakout from Channel Down pattern was confirmed by break above horizontal resistance ($60) and 200-day MA ($60). This could signal a bullish trend reversal to Uptrend, with near-term +15% upside potential to $68-70.

Resistance Breakout. Once a price breaks above a resistance zone, it signals that buyers have absorbed all the supply from sellers at this level and price can resume its advance. Following a resistance breakout, the next closest resistance zone becomes a price target.

Nearest Support Zone is $50.00, then $45.00. Nearest Resistance Zone is $60.00, then $68.00.

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