CLVS closes this week with double weekly bullish divergence. If indices continue to correct next week, I expect a wick down to the 1.618 fib at $2.36
If this is the bottom and a reversal is incoming,
PT1: $4
PT2: $11
PT3: $27
CLVS has a short interest of 20%. Will the apes bite?
If this is the bottom and a reversal is incoming,
PT1: $4
PT2: $11
PT3: $27
CLVS has a short interest of 20%. Will the apes bite?
Comment:
No short term signs of a reversal as CLVS sliced through $2.36 without much resistance . This week's impulsive move suggests more pain ahead. Next target: $1.8 as SPX dances around death
No short term signs of a reversal as CLVS sliced through $2.36 without much resistance . This week's impulsive move suggests more pain ahead. Next target: $1.8 as SPX dances around death
Comment:
Tagged $1.8 with bullish divergence on pretty much every time frame now from the hour to the weekly. That being said, last two times we touched onion rings, the stock price nosedived. Next week should be exciting.
Tagged $1.8 with bullish divergence on pretty much every time frame now from the hour to the weekly. That being said, last two times we touched onion rings, the stock price nosedived. Next week should be exciting.
Comment:
Last two times we hit $2.14, CLVS got rejected. So happens the 20 DMA is also at $2.14. Expecting a minor pullback. We have not seen the Daily/Weekly Bullish Divergence play out yet imo...
Last two times we hit $2.14, CLVS got rejected. So happens the 20 DMA is also at $2.14. Expecting a minor pullback. We have not seen the Daily/Weekly Bullish Divergence play out yet imo...
Comment:
CLVS is listed on NDX. So long as NDX remains below its 200 DMA, I'm not ready to celebrate and say the bottom is in at $1.71
CLVS is listed on NDX. So long as NDX remains below its 200 DMA, I'm not ready to celebrate and say the bottom is in at $1.71
Comment:
Nice 10% pump today. However, CLVS is running into heavy traffic at $2.01. Golden Pocket, Range VPOC, 20 DMA, Fib Ring all converging at the same time. Short term pullback imo before go time. Earnings coming at the end of the month also coincides with a fib ring. Fireworks coming soon.
Nice 10% pump today. However, CLVS is running into heavy traffic at $2.01. Golden Pocket, Range VPOC, 20 DMA, Fib Ring all converging at the same time. Short term pullback imo before go time. Earnings coming at the end of the month also coincides with a fib ring. Fireworks coming soon.
Short term analysis: CLVS seems to be hovering around the 1 fib level at $2.53 with bullish divergence on the 1 HR playing out. CLVS has held up quite well this past week compared to the rest of the biotech industry.
CLVS: +6%
XBI: -2.5%