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Clover Health Investments, Corp.Clover Health Investments, Corp.Clover Health Investments, Corp.

Clover Health Investments, Corp.

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CLOV trade ideas

$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
CLOV SHORT PUT VERTICALStrike below 0.618 FIB, and oversold divergence. Max profit: $135 Probability of Profit: 68% Profit Target relative to my Buying Power: 29% Max loss with my risk management: ~$130 Req. Buy Power: $465 (max loss without management at expiry, no way to let this happen!) Tasty IVR: 66 Expiry: 50 days Sell 3 CLOV Jun18' 8 Put Buy 3 CLOV Jun18' 6 Put Credit Put spread for 0.45cr each, because IVR is relative high. Stop/my risk management : Closing immediately if daily candle is closing BELOW the box, max loss in my calculations in this case could be 130$. Probability of loss in this way: ~20% . Take profit strategy: 50% of max.profit in this case with auto sell order at 0.23db. Probability of profit this way: ~80%. Of course I'll not wait until expiry in any case! If you liked this article, check my other ideas. Anyway: HIT THE LIKE BUTTON BELOW , and for fresh option ideas FOLLOW ME( @mrAnonymCrypto ) on tradingview !
NASDAQ:CLOVLong
by TanukiTrade
$CLOV can rise in the next daysContextual immersion trading strategy idea. Clover Health Investments , Corp. operates as a Medicare Advantage insurer in the United States. The demand for shares of the company still looks higher than the supply. This and other conditions can cause a rise in the share price in the next days. So I opened a long position again from $10.50; stop-loss — $9.36. Information about take-profits will be later. Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision. Always do your own analysis before making deals. When you use any materials, do not rely on blind trust. You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy. If you like my content, you can subscribe to the news and receive my fresh ideas. Thanks for being with me!
NASDAQ:CLOVLong
by KozakHlib
1
CLOV breaking resistance. Confirmation needed. CLOV is looking really good after all those red days we saw. CLOV was beaten down with the short seller report accompanied with the market conditions that werent helping. The past few days CLOV has been slowly moving back up, and today we saw a nice candle breaking resistance. Tomorrow will be interesting to see where the candle opens. If we see a candle above the line of resistance then we can see this rally continue, and move up. Volume is coming in as well and the MACD is in the green wanting to widen more. RSI is heading up about to crossover the overbought territory. Price target on this for me is 20 dollars.
NASDAQ:CLOVLong
by Dc1392