CLOV - Could Be Time For A Pamp 🧑‍🚀

Similar to CLVS this is a risky one with indexes potentially cliff walking. However there are signs that CLOV may be reversing in this area.

Weekly RSI is diverging upward and looks set to cross back above the lower band which would be a buy signal I think, especially as CLOV has never got close to this oversold territory before.

GRM - Golden Ratio Indicator shows price is below the lowest band and also that has not happened before. Also it has given one "DIP" signal which shows a bottom could be near.

I set out my fib targets previously and these are not the only possible fibs btw, there is another possible set, however this could be a wyckoff accumulation with overshoot to ST here and the fibs correct.

I'm net short stocks currently, but this is a nice one for a hedge I think and I only have a small position. I'm not adding due to index vulnerability.

Not advice.

Comment:

Well thats quite a bullish candle to end the week. Lets seem what happens next week and monthly close. Really needs to get above that $2.63 2.618 fib and consolidate or rally to prove a reversal.

Comment:

CLOV did pamp 10% today before rolling back but is now already above that $2.63 fib. Not confirmation of anything yet but if it ends that week here then the RSI will have pushed above the lower band with divergence and thats a buy signal.