Compass Pathways appears to have completed an impulsive 5-wave move to the upside, signaling significant strength in its recent price action. The peak of this move, reaching $12.75, is notably identified as the B wave within an extended flat correction, potentially forming part of a larger 5-wave pattern. In anticipation of a corrective phase, I anticipate a...
After breaking the major S/R zone and retesting it successfully I'm seeing clear upside potential from a technical viewpoint. Areas plotted to look out for, combined with trend lines, daily and weekly moving averages.
CMPS is forming a nice bull pennant. First PT 24. Wait for break above white line (21 DMA ) for confirmation as an idea. Break below 14 invalidates trade.
As the chart shows, the most beautiful falling wedge pattern right into a key support. Numinus likely to rocket back to previous ATH offering traders a chance at 400% gains - SHORT TERM! Note: Numinus just applied to be listed on the Toronto Stock Exchange (TSX) pending some conditions. Add this Psychedelic leader to your portfolio. Similar stocks: CMPS, ATAI,...
Looks like the MACD is still heading down but curling up. RSI is bottoming out as it reaches an important level of support. I think the risk reward at the $28 level is optimal. If you have a high risk tolerance, buy now. Shrooms are already decriminalized in Denver and are about to be in Detroit. The TAM which was initially an imaginative number is now becoming...
CMPS - 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
Wait it out. The future is bright & no need to rush. FOMO investing is a disaster. Small caps with revenue growth & profits NOW matter most. *rising rate environment $GNLN #thegem #cannabisreform
COMPASS 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...
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...
Nice base formed. UK-based magic mushroom company. One of the only publicly traded shroom companies. Eyes on it.
Here is my game plan on CMPS. I am not a professional and would recommend you do your own research and risk management
There is a lot of action going on in the Psychonaut arena. I think if I'd have to pick an early winner, I like MMEDF. Also like CMPS. Mr. Wonderful, Kevin Leary is on board. Dana White understands the significance, and athletes will bring this to mass adoption like they did with MJ.
After confirming bearish double top pattern, it retraced close to the .618 fib level around .23c. Now, we have a triple top and up 20% on no news. They did get listed on OTC US exchange 5 days ago. I would wait for pull back and go long the psychadelic sector (1-3 years).
Support 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 Regression ENTRY = 40-42 ADD = 37 1st Target = .618@46.02 2nd Target = .786@52.32 HODL Target = 60+ ______________________________________________________________________________________________________________________ This content is for informational and educational purposes only. This is not in any way, shape or form financial or trading...
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...
For those that follow my analysis regularly, you know that I do not cover penny stocks or anything thinly traded. The reason for this is because it's simply not necessary to generate big returns trading penny stocks. I would MUCH rather trade options on large cap stocks any day. No question about it. I also don't rely on fundamentals because I am a technical...
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