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
CLOV34 trade ideas
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)
A strategy on CLOV! 🚀Ok guys, CLOV dropped today, but the 61.8% fibs retracement is holding the price. The 20ma is also there and we have a bullish pattern above this support zone.
It is not perfect, but it is something to pay attention. I think the 14.43 is a breakpoint for CLOV, as if it breaks this pivot, the stock might fly again to the 20s, as seen in the 4h chart:
The 50 – 61.8% are good targets for us, but we must wait for it to break the 14.43. If it loses the 12.55, then we’ll fall to the 10 area again, so, be careful!
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See you soon,
Melissa.
Entry add-on CLOV@ $15.00 Target @$200 Jul 1, 2022 UpdateClover Health Investments, Inc.
Entry add-on @ $15.00 Target @$200 Jul 1, 2022 Fibonacci Target 200%
Entry@ $14.00 Target @$100 Apr 8, 2022 Fibonacci Target 161%
Entry@ $13.00 Target @$100 Apr 8, 2022 Fibonacci Target 161%
Entry@ $12.00 Target @$100 Apr 8, 2022 Fibonacci Target 161%
Clover Health is a Preferred Provider Organization ( PPO )
and a Health Maintenance Organization (HMO) with a Medicare contract.
Shares Outstanding 148,280,000 Shares Dilutions: 376,170,000 Million
Total Liabilities: 278. 01
Market Closed: As of 06/08/2021 EDT
Total Assets: 866.94
Market Cap: 9.039B
Employees 458
Short Float 36.09% Perf Quarter 108.63%
Shs Float 112,100,000 Millions shares
Daily Volume 95,159,566 Shares
Company Website: www.cloverhealth.com
Clover Health and competition from Doximity IPOI did a small research yesterday and also published a full article on the website. Doximity will go public on NYSE and is an online network for doctors. It is an early-stage company that is already profitable which is something unusual for companies at this stage. Also, Clover is not a profitable company yet. I believe is worth looking at the full article.
Just to make this clear I still believe in Clover as a company i've been holding since it was $8.