Last week when the 'meme' stocks were going crazy I posted a chart of CLOV and said it had a gap to fill back from the $16-$12 level, so if you missed the run up you had the opportunity to play the reversal.
Remember, what goes up must come down! Notice how the volume has been much smaller as the price continues to drop.
The gap is almost filled, its still got roughly $2.66 left to go. Once it is filled, theres a chance Clov can gain some bullish momentum again, it looks like the 50 EMA could potentially cross the 200 EMA, which is a bullish trend following system called a 'golden cross'. This gap fill could be the potential bottom 'neckline area' of a future double top reversal pattern.
Remember, what goes up must come down! Notice how the volume has been much smaller as the price continues to drop.
The gap is almost filled, its still got roughly $2.66 left to go. Once it is filled, theres a chance Clov can gain some bullish momentum again, it looks like the 50 EMA could potentially cross the 200 EMA, which is a bullish trend following system called a 'golden cross'. This gap fill could be the potential bottom 'neckline area' of a future double top reversal pattern.
Comment:
GAP FILLED 06/18!!!