Since July 2018, CLV looks to have been in the process of re-accumulation. The chart looks great.
We had the initial push down from $1.80 to the $1.30 area and notice the volume that came in and the close. This may have looked very weak at the time but there was a lot of stopping action taking place at this level. The strong hands were stepping in to stop the...
After a long sideways run it feels like it is starting to set up for another push.
Might be worth a watch.
Clover Corporation Limited is an Australia-based company, which is engaged in the refining and sale of natural oil. The Company is also engaged in the production of encapsulated powders, and the research and product development of functional food and infant...
Shares price target around 19 per cent or $1.69
Clover Corporation Limited is involved in the refining and sale of omega-3 oils and encapsulated bioactive ingredients for infant formula, children's foods, supplements and medical foods. CLV operates its businesses from five sites: a headquarter in Sydney; a manufacturing plant for tuna oils and...
This one can still go either way, just depends which side of the flag it breaks through.
However, adding the Bollinger Bands shows there's more frequent testing of the lower limits. It will be interesting to see how long this can act as support.
2018.06.19 TA Report
Aussie Market Buy/Sell ratio = 0.40
Buys: 260 (12.6%)
Sells: 653 (31.7%)
Hold: 1148 (55.7%)
Let's see previous 5 days relative timing values by VectorVest on this stock:
19-Jun = 1.90
18-Jun = 1.84
15-Jun = 1.86
14-Jun = 1.88
13-Jun = 1.87
CLV.AX has a current Value of $1.41 per share, which is overvalued compared to its Price of...