$COMP is currently trading between the Bollinger Bands, with the upper band at 51.19 and the lower at 49.53.
The recent price change of 1.62% indicates a consolidation phase.
Given the proximity to the upper band, this suggests possible overextension, warranting caution.
A stop-loss can be placed just below the lower band at 49.53 to manage risk.
As volatility appears to be contracting, traders should prepare for potential breakouts.
Consider setting alerts around key levels; a buy could be considered if 51.41 is breached.
