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SmoothJB
Jul 17, 2021 6:12 PM

CLOV Long

Clover Health Investments, Corp.NASDAQ

Description

Clover 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.
Comments
TheRealRCD
At 8 bucks, is now a good time to double down?
SmoothJB
@TheRealRCD, Yes. buy low.
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