A closing above 44.70 will be a multi year breakout on bigger charts (Monthly timeframe). Volume increase is also supportive, and looks like this stock is ready to crack 2018 highs when mid cap and small cap melt down happened, that’s why this breakout is a significant breakout.
One can go long at CMP, keep a SL of closing on 37 on weekly basis and expect a target of 56 and 65.
One can go long at CMP, keep a SL of closing on 37 on weekly basis and expect a target of 56 and 65.