Ok guys, CLOV dropped today, but the 61.8% fibs retracement is holding the price. The 20ma is also there and we have a bullish pattern above this support zone.
It is not perfect, but it is something to pay attention. I think the 14.43 is a breakpoint for CLOV, as if it breaks this pivot, the stock might fly again to the 20s, as seen in the 4h chart:
The 50 – 61.8% are good targets for us, but we must wait for it to break the 14.43. If it loses the 12.55, then we’ll fall to the 10 area again, so, be careful!
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See you soon,
Melissa.
It is not perfect, but it is something to pay attention. I think the 14.43 is a breakpoint for CLOV, as if it breaks this pivot, the stock might fly again to the 20s, as seen in the 4h chart:
The 50 – 61.8% are good targets for us, but we must wait for it to break the 14.43. If it loses the 12.55, then we’ll fall to the 10 area again, so, be careful!
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.