Compound (COMP) - Bullish divergence

On the above 5-day chart price action has corrected a massive 95% since the double sell signal back in May 2021. Now is an excellent moment to be long. Why?

1) A ‘incredible buy’ signal prints with 85% probability!

2) RSI resistance breakout.

3) Regular bullish divergence. 10 oscillators are currently printing bullish divergence over a 25 day period including MACD.

Is it possible price action falls further? Sure.

Is it probable? No no no. If you want to know what a sure thing looks like, this is as close as you’re going to get.

Good luck.

Ww

Type: trade
Risk: <=6% of portfolio
Timeframe: 2 - 6 months
Targets: 1st $550 By September 2022, 2nd $5500 (Before end of Qrt 1 2023).