Algo chart from previous analysis. I am using a Median Line pattern and the Center Line is the "ideal first" target zone. Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as...
crab harmonic pattern: AB=0.38 XA BC=0.88 AB CD=2.6 BC=$14 or CD=3.6 BC=$18.5 or CD=1.6 XA=$29
$CLOV - Huge volume and interest from the last trading day. The green engulfing candle is a vital reversal sign. There's resistance at $10.56, and the breakout point is $11 - GOLDEN CROSS.
There are many reasons to favor a CLOV long position here with earnings on March 1, 2021. 1. We have wicked off the same bottoming zone explored last November. This has many characteristics of a capitulation wick after the rapid descent following news of the DOJ investigation. 2. Short interest on this stock is quite high, although reliable up-to-date...
After a false breakout due to a correction in the broader market, $CLOV has re-entered the falling channel it has broken out of and closed within it. From this area, I expect growth towards the resistance zone around $9.92 to $10.00. However, do note that this zone of resistance that we are heading for is a very strong area of resistance. In this area, we see...
Since the market started selling-off late February due to disturbance in the bond market, the movements of $CLOV has since been mirroring the direction of the overall market relatively tightly. With the closing of the market earlier today after a considerably sideway and mixed trading day, S&P 500 rose by 0.60%, NASDAQ fell by 0.04%, while Dow Jones Industrial...
The movement of $CLOV continues to mirror the condition of the overall market. Today, the tech-led sell-off took a pause, with S&P 500 rising by 1.95% and NASDAQ Composite rising by 1.55%. Similarly, Clover Health ended higher by 7.54%, closing above the previous day's close. Going into next week, I expect $CLOV performance to continue reflecting the overall...
The bearish channel has broken to the downside and we are now in an unchartered territory. Within this unchartered territory, I expect every $0.50 to be a new support (i.e. $8.50, $8.00, $7.50, $7.00, and so on). As of the time that I am writing this post, we have broken the $8.50 support and found a $8.03 low. It will be difficult to predict where we will find a...
IPOE looking for a possible retracement in March up to 24.70$ (28%+ Upside) with strong resistance at 21$. Price action might be heavily variable due to IPOE & Sofi merging this month, negative sentiment in the SPAC market right now, and the possible ripple effect from Clover Health's SEC investigation. This is not financial advice, I am not advocating the buying...
From 2019 to 2020, $CLOV posted a total revenue growth from $462.3M to $672.9M, net premium revenue growth from $456.9M to $665.7M, decrease in net loss from -$363.7M to -$91.6M, and a decrease in adjusted EBITDA loss from -$175.5M to -$74.4M, among others. $CLOV also saw a 36.3% increase in membership and a 43.2% year-over-year increase in lives under Clover...
$CLOV continues to move within the symmetrical triangle while being encapsulated by a bearish channel. As we approach the end of the symmetrical triangle, I am expecting a breakout to by next week, as early as Monday. I believe the upcoming earnings on 03/01/2021's post-market to be a major catalyst to which direction the breakout will be. Bear Case: In the...
I think CLOV will begin an uptrend and to make an entry right now could possibly be a very good swing trading opportunity. A lot of interest is drawn to the stock as what I can see right now on different forums and platforms. Imo I don't want to miss this. Let's see how this ages:)!
Here is hourly chart of CLOV. Clear bullish falling wedge and positive divergent on both RSI and PPO. It is in over sold territory on RSI as well. Breaking up front the wedge would be the first objective entrance. Back test of the wedge would be the second. Stop should be placed according to the upside target. There is no guarantee but it may be worth taking a...
True longs are staying patient, even with the volatile week we've experienced thus far. $CLOV is attempting to make a presence within the healthcare industry, which is never an easy path. Their mission as a company will be very difficult to pursue, although a very lucrative one if executed adequately. With a Biden Administration advocating health care for all...
Video breakdown midday on $CLOV
Absolute bargain. Just look at the channel this is in. this is where you add to you CLOV position. Healthcare is trendy in 2021. Clov will go to $24+