Symmetrical triangle on $COMP. Low Volatility ahead of earningsTechnical Setup: NYSE:COMP has shown lower highs and higher lows, forming a classic symmetrical triangle, suggesting potential for either a continuation of the current trend or a reversal.
Key Levels to Watch: Watch for a breakout above the upper trendline for a potential bullish move or a breakdown below the lower trendline for a bearish scenario.
Volatility Note: Low volatility is typical in symmetrical triangles; expect an increase in volume and price movement around earnings. Earnings reports are coming up on Wednesday, October 30th.
