COMP - Shift in Momentum in Action!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
🔹 COMP has been overall bearish trading within the falling channel in red.
However , it is currently rejecting a strong weekly support at $35 - $40.
Moreover, it is clear that the bears are exhausted as the bearish impulse phases are getting more flat.
📈 For the bulls to take over, and shift the momentum in their favor, a break above both trendlines and $50 round number is needed.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich