CLOV trade ideas
Clover Health (CLOV) in a Falling WedgeClover Health, ticker CLOV, is currently in a Bullish Wedge. We need to break and hold the 14.31-14.51 level. When we break those levels with decent volume, my profit target will be all time high of 17.45 followed by a 2nd profit target of 21$. The key support area is 13.26-12.86. Below 12.86, we need to cut our loss. I'm in shares at 13.69 for a 10:1 ratio play. A price level above 14.50 will indicate a confirmation of the break-out.
$CLOV Clover HealthI am loving this price action a lot, just a little more of patience needed and it will rocket sooner than you think. If anybody is holding this stock, hold on a little more. It has come to our buyin zone and been consolidating which is a good thing. This is a solid company which has a great revenue generating potential long term. So hang on to it it will pay you good.
Trade Safe.
Keep a close
Also, make sure your SL are in place if it doesnt work out the way we wanted.
$CLOV Bullish Wedge, Incoming Break Upwards$CLOV revering and nearing end of bullish wedge pattern. We likely see a nice breakup going into next week. Additionally, the Medicare Advantage Leadership Innovations meeting will be held on January 27, 2021 where they stated they'd announce a previously unannounced partnership. Recently updated 2021 provider lists notes the addition of Costco $COST. So this could be potentially huge news incoming as well as a great catalyst to retrace and retest previous high's.