CMPS Bulls Keeping Control of 4hr Uptrend

The 4hr uptrend is our guide on CMPS as it sets a series of higher lows riding EMAs as support. Eventually we will lose the 4hr uptrend, signalling that daily consolidation is underway. Having bounced 70% from the fear dump low, we are anticipating a daily higher low above 2.25 and the size of that pullback will let us know the likelihood of continuation vs a need to chop around in equilibrium while the market finds a new balance.

4hr RSI just touched 70 today for the first time since the dump.