Clover Health Study shows a potential upside gain based on the Fibonacci principals that look to keep reasonable positive success for entry and exit levels.
So if you are even 66% correct - you will win 66% - but unless you do not have time - HOLD & Wait, as you will win.
Every time you Sell You Destroy your Capital.
Use Stop Losses to preserve your Capital.
Do...
The hourly chart is still bullish
This small pullback is already over ?
Good resistance at $1.13 on the 15 minutes tf.
A move higher may break to new highs with a bullish alert + bullish crossover.
The current price action is set to push the price lower with negative price action and my 3 EMAs set in a bearish way.
Possible double bottom to test at 0.8800
Interesting set up in clover as pa tries to hold onto psych level of 1.
Red arrows= parallel channel R
Sellers level is approaching as impulse is expected.
possible double bottom at .88
or .78 bottom.
Clover Health Investments, Corp. operates as a medicare advantage insurer in the United States. The company through its Clover Assistant, a software platform that provides preferred provider organization and health maintenance organization health plans for medicare-eligible consumers. It also focuses on non-insurance businesses. Clover Health Investments, Corp....
Even though we are slightly bullish on healthcare, the overall bull market is not over and this is a name that's showing a decent ratio on the downside.
It look like 1 hour golden cross was going to happen but now price bounce from the 200 sma and it looks like is going to take a plunge. Hopefully earnings can save it.
20% move today and CLOV has leaped back above the 2.618 long term fib taken way back in September.
So much fakery in this chart and more than I have time for but have a look at that bearish rejection star through 2.618 yesterday.
And so CLOV probes above the 50WMA for the first time since October.
And if you look at wyckoff schematics CLOV could now be at SOS....
Clover Health - Intraday - We look to Buy at 2.01 (stop at 1.89)
Support is located at 2.00 and should stem dips to this area.
Trading close to the psychological 2.00 level.
2.00 continues to hold back the bears.
We are trading at oversold extremes.
We look for a temporary move lower.
We look to buy dips.
Our profit targets will be 2.37 and 2.47...
