$CLOV, the healthcare SPAC $IPOC finally broke its descending channel and is headed towards its first target at 12.50 area. This is Chamath Palihapitiya's controversial SPAC that went down on lawsuit news, but as the dust settles it should ramp up like the other ones he brought to the public market. Not financial advice, DYODD!
News of Blackstone Group L.P. and Fortress Investment Group LLC buying Social Capital Hedosophia Holdings Corp. is fairly bullish and new RSI support has been formed and will provide liftoff from the descending triangle IPOA.U has been living in since creation. There will be a good parabolic movement when we are able to escape.
Catalyst: News that the SPAC will...
