CLOV is exiting the pitchfork and curling round the 1.618 ABC fib that appears to have completed a higher degree WXY.
RSI lowest ever and plenty of bullish divergence.
Having had both an explosive move up and a reflective collapse down, this could get very interesting... 🐂
Not advice.
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Pump today is probably wyckoff accumulation "Spring." See CLVS I drew a similar chart for details or look it up. Price needs to close above the 1.618 fib on a significant time frame to really confirm the reversal, but drifting sideways it is exiting the pitchfork - it looks like the reversal is on.
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Incorrect fibs on this chart I think, needed longer range fibs. I'll make a another chart when seems a good moment.
Many names are going to reach fibs even I wasn't anywhere near bearish enough on a few months ago.
Market Capitalization 1.986B Enterprise Value (MRQ) 3.096B This this mean that the share price is only 2/3 of the book value, or am I misunderstanding something?
CrashWhen
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I think you need to rub the bellies of the AMC apes so that they can pump this too
craic777
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@dRends35 Good evening -- curious what your thoughts are on this and where you think this will go with the market movements recently. Thank you either way.
dRends35
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@craic777, Incorrect fibs on this one im afraid and I was too quick to assume i'd got them right. I'll make a new thread when I get time, but its now oversold on the 2W so should be a big bounce at some point - not very exact but there it is.
craic777
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@dRends35, Thanks DRends35. Appreciate the update.
craic777
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Interesting price movement today. Would you provide your thoughts if possible this week?
Enterprise Value (MRQ) 3.096B
This this mean that the share price is only 2/3 of the book value, or am I misunderstanding something?