We have a descending wedge squeezing into a point, strong Friday AH volume, Oversold RSI popping out of the downward trend, MACD turning positive, price sitting on the original investment price for the IPOC spac, large short interest, earnings on Monday and the Clover Assistant technology showcase Tuesday. If there was ever a recipe for a short squeeze, this is it.
1st Target the 38.2% fib retracement around $12.50.
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Strong Breakout from descending wedge, going to swing this through earnings. Have sold puts and own shares.
After decent earnings the bears looked trapped but staged an afterhours attack and continued through open with a big seller creating the false breakout. Original thesis still holds, medium to long-term prospects look great for CLOV. Wait for the trend to break and close a couple days above the line. Games will be played with price action to shake out emotional traders.
dtingbudong
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Do you have any data on what the short interest is at this time? The only info I can find is probably too low as it's out of date.