Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Bulls of private investor favourite Coms (COMS) are feeling somewhat bruised in the wake of this month’s price action from the stock. Fear not. The bruising comes in the wake of the bull trap by the shares through both the 4p level and the falling 50 day moving average on the daily chart currently falling at 3.64p.
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