CLOV34 trade ideas
CLOV TA- SHORT TERM AND LONG TERM TECHNICALS- DAILY CHARTTHE DAILY CHART IS WHERE I AM MORE EXCITIED ON THIS PAY.
- MFI IS CLEARLY OVERSOLD- AT A GREAT SPOT WHERE PRICE IS FINDING REAL SUPPORT AND THE 50 MA ABOUT TO CROSS THE 200 MA
- THIS SHOULD BE ENOUGH TO PUSH THE STOCK UP OUT OF OVERSOLD, THE 50 OVER THE 200 DAY MA AND REALLY SOLDIFY THIS UPTREND THATS SLOWLY STARTING.
- PRICE ACTION IS ACTING VERY SIMILAR TO WHAT WE SEEN IN MARCH WHERE WE HAD A DOUBLE BOTTOM ON THE DAILY, WHICH STARTED A SPIKE FROM THE $7.60 RANGE TO THE $10.50-$11.80 RANGE.
- PRICE THEN FELL OFF, AND CONSOLDIATED RIGHT BEFORE THE SQUEEZE HAPPENED.
- HOPING TO SEE THE SAME THING PLAY OUT WHERE PRICE IS TESTING SUPPORT ONE LAST TIME BEFORE PUSHNG UP AND SEEING THE GOLDEN CROSS APPEAR.
CLOV TA- SHORT TERM AND LONG TERM TECHNICALS LOOKING GOODTHE ONE OR FIVE MINUTE CHART SHOWS THIS FALLING WEDGE PATTERN ALOT BETTER, BUT TRADING VIEW ONLY ALLOWS POSTS OF 15 MIN TIMEFRAME OR LONGER.
- THE MFI HAS DOUBLE BOTTOMED, TRIPLE SINCE JULY 22.
- HOLDING $8.00 RANGE WELL
- MFI IS OVERSOLD
- DESPITE ALL THIS SELLING THE LAST TWO DAYS, THE START OF THIS POSSIBLE UPTREND IS STILL IN PLAY
$CLOV is gonna fall todayPupm&Dump trading strategy idea.
$CLOV is rising too much today.
The demand for shares of the company looks lower than the supply.
This and other conditions can cause a fall in the share price today.
So I opened a short position from $9,68;
stop-loss — $9,92;
take-profit — $9,22.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
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$CLOV short interest still high above 20%. Pre-earnings pump?CLOV (Clover Health) short interest has dropped from the 40%s to the 20%s, which is still relatively high. The technical setup here is optimal after $CLOV fell to 4-month support. I'd still like to see more volume here but we could see a quick pump to the $10 mark pre-earnings (August 11). Following the unusual options activity 32,000 call options expiring Jul 23 were opened at the $9 strike price today.
CLOV readying for Round IICLOV is on the verge of a bullish crossover of the 14 period regression line over the 30 period regression line. In my backtests, I've moved to using the 14 period rather than the 10 period line, as there is less noise and very similar entries, typically. Backtest results on /ES attached: imgur.com
The crossover should occur at open tomorrow - absent a meltdown - in which case I'm going long. Plan: hold until another crossover occurs, or price moves beyond the 2 STDV BB and tries to re-cross, or as per our modus operandi, until a substantial move occurs a la GME, and then we enter a stop to lock in half the profits.
Maximum pain 8 USD CLOV 40% upside I would enter CLOV partially at 8.85 35% and full position at 8-8.20 level. The stock is trading near the lower band and below 20 RSI with short interest 30%+ expected to revert back to 11.5-12 soon. stop loss 7.95.
Falling Wedge Pattern (Bullish)A Falling Wedge pattern ready to reverse the current trend and breakout to the upside. PT ~$17.
CLOV LOOKIN JUICYCLOV lookin just about as sexy as GME - I smell a smelly smell... that smells... smelly...
Meme stonk rally incoming?
CLOVClover Health Investments Corp (NASDAQ:CLOV) has been forming a large falling wedge pattern on the 4H chart that could lead to an explosive bullish movement if a breakout happens. This is a reversal pattern that forms in a downtrend. It implies that buyers are ready to take control of price amid a weakening bearish environment. A break above the upper trend line will be characterized by increased trading volume, bolstering the stock higher. Technical chart above shows a bullish sign with %K line on top of %D line and MACD is beginning to move up, which often leads to short covering. The stock looks like it wants to run.
CLOV - FALLING WEDGE ON PREVIOUS BREAK SUPPORT - WW BIG TIMEAll,
I feel like CLOV is in a an epic setup here. Looking for a huge bounce play here to 10+ then 14. Option B is it drops one more level to 6.81ish but same result there llitle more rough though.
Entry Clov@ $10.00 Target@ $100 Apr 11, 2022 SqueezeClover Health Investments, Corp
Entry Clov @ $10 Target@ $100 Apr 11, 2022
Entry Clov @ $9 Target@ $100 Apr 11, 2022
Entry Clov @ $8 Target@ $100 Apr 11, 2022
Technical Chart Analysis condition:
1. Break-out of channel $18.00
2. Pull-back toward $10 at 50% Fibonacci Retracement
3. Ideal Emtry $8.00 to $10.00
4. Short Interest Scenerio 36% Short Floats to be covered...
5. Target @ $100 to $200
6. Note: Short floats Fear Factor propaganda
Clover Health Clover Health has become a meme that has caught the attention of the Reddit army, with stocks surging 140% after reviving the conversation on WallStreetBets on June 6 and 7.
The average target price for CLOV shares before bulk purchases was $ 9.30.
At the present moment, we have approached the mark from which the rapid growth began.
Meanwhile, technically, the picture still looks short.
A strong downtrend, we approached the level of 9.30, there is no rebound, there is a protrade. The day closed at the very level. It is likely in the near future, a breakout should be expected and the shares may still decline by 10-12%
I trade the breakout of the level with an extra short stop.
CLOV: FIBONNACI GOLDEN MEAN RATIO RESPECTED!!!As you can clearly see in the chart, the golden mean ratio (.886) was well respected, and resulted in a positive retracement.
In addition to the .886 being respected - the area(s) between $8.90 -> $9 which were once strong resistance in the past, were regarded as support. This has flipped the bearish sentiment, into bullish.
If you missed the entry at $9, one can value this stock as a "sale" at any price under $11.80 level.
Pay close attention to the other Fibonacci levels, in addition to the psychological resistance levels (.00 & .50), as this asset pushes upward.
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(This is not financial advice, and I do hold long positions in this asset)
Next Stop, Shortsville!CLOV has been a failed meme ever since it was pumped to death nearly a month ago. There is no price action, volume or any chance of this bouncing. It would take another combined effort for everyone to pump this garbage back up into the double-digit range. CLOV can't even test the current downtrend resistance line no big fish wants to touch this garbage
CLOVLONG-TERM:
15min: downsloping channel bounce, gap fill from 6/4 completed
1hr: large bullish shark harmonic pattern, potential bullish crab harmonic pattern
4hr: hidden bullish divergence, bullish pinbar, oversold RSI
Daily: trying to flip $9 resistance from march into support, potential hidden bullish divergence if MACD starts waning
(not financial advice)
CLOV adjustmentI had to readjust CLOV due the reason we broke the support at $11.80.
Now we are in a regression and the next support is $8.90, we have to watch out if we bounce there - I assume yes, but keep watching.
