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$CLOV In Depth Analysis & Price PredictionsClover health has quite the catalysts not only fundamentally, but technically as well. Technicals: CLOV has been in a downtrend since early January, with an all time high near $17.00, and all time low of near $6.00. Quite the range. Fibonacci retracement levels can give us approximate levels of support and resistance once a breakout occurs. As you can see, the daily chart here shows a SLIGHT breakout (See B2) above the downtrend, as also seen in April (See B1). Another green candle above the downward trendline would give me further confidence of a breakout towards first $10.50, and then $11.86 following, the retracement levels act as price zones of support and resistance for my trading style. More on technical setup, we have a nice MACD convergence on the 1D chart, forming a nice consolidation for a breakout within the MACD, where I see a bullish reversal that can last long term. Fundamentals: Not going to lecture you on the company, but rather give you some interesting catalysts and factors that will most definitely play into the price. 1. Short interest is over 50% of the float, which to me, gives a lot of potential for a true squeeze, higher than GME and AMC. 2. Because CLOV is a SPAC, insider shares have a lockup as well as a predetermined price that the stock MUST be trading at for 90 consecutive days before insiders can sell. that price is $30 a share. Meaning if they want to sell their shares, price has to be $30 for atleast 90 days. 3. Short positions are in trouble near the $11 level, meaning above $11, nearly 100% of all short positions are in the red, and losing money. 4. Shares available to be shorted as of yesterday was only 600,000. With squeeze potential like this, such a large short percent of the float, and company insiders not being able to sell until $30 a share, expect nothing less of parabolic movement, but the real question is WHEN. Timing this will be a difficult thing to do, but I will be playing this with long term leap options as well as shares for accumulation. GLTA, in Chamath we trust, I guess.
NASDAQ:CLOVLong
by chartxzy
3
$BB Analysis & Predictions Based on Parabolic Squeeze MomentumWith BB now reaching a new high since the previous January squeeze, the level reached was approximately near the $20 Level, or the 61% Retracement level. It is now currently using the 50% retracement level of $17 as support for a potential next leg up. If parabolic movement continues in the "meme stocks" , you can look for your next targets of resistance levels near $20 (61% retracement) and then $24 (78% retracement). The zones are as shown on the chart, shows how these fibonacci retracement levels play a significant role in determing support and resistance on 1D chart. My position on this was strictly options, I purchased so called YOLO calls on Tuesday of this week 6/4 $16 Calls - 0.86 /c as well as yesterday at the close purchased 6/11 $20 Calls - 3.30 / c Sold the June 4's for 4.85 at the open today, cant complain about that gain and they expire soon, and I will hold these $20 calls for next week if the current support zone holds. GLTA, follow for more
NYSE:BBLong
by chartxzy
2
$AMC Analysis - Parabolic Movement & Retracement Patterns The chart is relatively self explanatory. AMC has been moving according to its retracement zone levels, we see resistance where there technically should be resistance, and we see support at key levels of the retracement pattern. Considering this is not your typical volatility and case scenario, the price movements are going to be nothing short of parabolic with short squeeze gamma metrics. Gamma in terms of MM's buying shares to properly hedge themselves for options contracts that are ITM, with a majority of contracts being 6/18 $40 calls. With more and more contracts becoming ITM, MM's buying shares to make sure they can "make" the market, AND closing purchases (short covers), parabolic type movement brings us to its next retracement level of 261%, or the price of approximately $92. GLTA
NYSE:AMCLong
by chartxzy
6
BTC Bitcoin Short and Long Term Breakout + Resistance Dump LineIt looks like Bitcoin will bounce between the 33k and 36k mark until the following THREE potential breakout opportunities, in either direction of course. Dates & Timing (EST): June 4: 8PM-12AM June 7: Breakout watch on entire day - will likely rise from ~34k to ~36.5k; however, will not be the breakout. A break to 40k would confirm a reversal June 9: 4PM-12AM (depending on which way the 4H candles consolidate 4HR Magenta Line seems to be major line of support + resistance throughout the entire bull run thus far
BITSTAMP:BTCUSD
by jjtrader1234
BOASS (Big Brother of all Short Squeezes)Medical History: Based on Fibonacci levels expect a return to high 200s. Also expect some profit taking at that point. I am not expecting a return to low 100s, and although I wouldn't rule it out, R/R is favorable for long positions. Regardless of earnings details there will be volatility, and if a retracement occurs those who have been on the sidelines are likely going to take this opportunity to jump on the bandwagon. Lab Investigations: -Fibonacci levels -Wyckoff accumulation model -Decreasing Volume and MACD divergence Diagnosis: Squeeze Management Plan: Buy the dip Don't forget to like & subscribe!
NYSE:GMELong
by DanMTrading
CLF SteelThis is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* My teams original entry for CLF is at $13. The stock currently sits at $18.06 with a yearly high of $22.9. The short-term correction seems to be slowing down. CLF seems undervalued at current levels. My team is averaging up on our positions in this range and plan to take profit 2-3 months from now at $26.5.
NYSE:CLFLong
by SimplyShowMeTheMoney
7
AMC - Break of the TriangleHello fellow Apes, I hope you are all doing well! In this analysis, we have are moving inside a huge triangle and are currently at the bottom. We are sitting on a KEY SUPPORT that I beleive we are going to hold and go to $15 and then $20 as soon as the Shor Squeeze begins couppled with the removal of the synthetic shares, the price is ready for explosion. To every analysis, we have to be prepaired for the alternative scenario, which would be to break bellow the triangle, however, I truly think that this is highly unlikely. We have 3 support LVL's at $7.50, $5 and $2. I don't think that this would happen, however, we would most-likely stop at $5 if this were to execute. Controlling your emotions is one of the key elements in being profitable in trading and now is the time for the market to test your control. Do not panic sell as there has been massive sell-off in most of the volatile stocks as the investment funds of the stock market are currently in Crypto, so that is why we have fallen so much. As soon as the Crypto run fades away and the synthetic shares are removed, the Short Squeeze would begin and we are going to get that Banana! Thank you for the attention, I wish you an amazing Friday!
NYSE:AMCLong
by donaitelo
GNUS SHORTSQUEEZE COMMENCINGFollow please! I am new! Do you see that? That my friends, is the beginning of something glorious. I know its hard to believe right now, but this stock is going to be very popular. The shows they are broadcasting are becoming quickly popular and they just landed multiple AAA contracts with companies like McDonalds, WalMart, and many many more. It has a reputation of massive shorts squeezing and many people want another taste of its juices. This will turbocharge the climbs to a whopping 34$! it would seem that it just barely broke the resistances and is starting to break the downtrend. The MACD is a little overcooked at the moment, but it is trailing so i am not too concerned long. I would expect a slight pull back but the coming weeks should be really interesting!
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by UnknownUnicorn3570385
10