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$CLOV Update, Important Current Factors Finally popping like it deserves, options playing out nicely with this one. Very important that we hold around this 10.50 level being the 38% retracement level from the ATH in January. I would like to point out that the short interest is 31% of the float, with insiders not being able to sell shares until $30 a share. There are plenty of really informative DD posts on reddit that I fact checked myself that give all the in depth fundamentals, so I will link those as well. Link: www.reddit.com As of technical's, CLOV showed it could easily break though that 38% retracement level reaching a high today of NEARLY 11.20. The fibonacci's dont mean panic sell if it dips below 10.50, this is a daily chart, so with a close over or around 10.50 today, this would give me a lot of confidence in this reaching the next Fib zone which I highlighted in purple near the 11.86-12.00 range. 10.20 is support for the day today, 6/7. According the research that I conducted myself, as well as others research, nearly 90% of ALL shorts are in LOSING positions around the $11 price range, which can potentially mean gamma squeeze. The company itself has strong fundamentals which are highlighted in the reddit post I linked, once market share is captured and has even a fraction of the what other insurance companies have, this trades near $100 easily IMO. That is WITHOUT the squeeze potential. Fib Zones with my targets, as well as support and resistance accordingly. Z1: 6.35 - 8.95 Z2: 8.95 - 10.57 Z3: 10.57 - 11.89 Z4: 11.89 - 13.20 Z5: 13.20 - 15.07 Z6: 15.07 - 17.45 Positions purchased June 2nd: 6/18 $10 Calls 7/16 $15 Calls 8/20 $30 Calls (Leaps)
NASDAQ:CLOVLong
by chartxzy
4
$MIRM June Update*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* Mirum Pharmaceuticals: My team has been reviewing Mirum Pharmaceuticals for close to two months, and despite its poor performance in the past month it remains one of top picks for the month of June. $MIRM is to release data collected on maralixibat on 6/5/21. Tomorrow morning we are averaging up on our positions at $17.00. Our original entry was at $16.30. Short term take profit @$20.00 Long Term take profit $26.00 If you want to see more, please like and follow us @SimplyShowMeTheMoney
NASDAQ:MIRMLong
by SimplyShowMeTheMoney
$CLOV In Depth Analysis & Price PredictionsClover health has quite the catalysts not only fundamentally, but technically as well. Technicals: CLOV has been in a downtrend since early January, with an all time high near $17.00, and all time low of near $6.00. Quite the range. Fibonacci retracement levels can give us approximate levels of support and resistance once a breakout occurs. As you can see, the daily chart here shows a SLIGHT breakout (See B2) above the downtrend, as also seen in April (See B1). Another green candle above the downward trendline would give me further confidence of a breakout towards first $10.50, and then $11.86 following, the retracement levels act as price zones of support and resistance for my trading style. More on technical setup, we have a nice MACD convergence on the 1D chart, forming a nice consolidation for a breakout within the MACD, where I see a bullish reversal that can last long term. Fundamentals: Not going to lecture you on the company, but rather give you some interesting catalysts and factors that will most definitely play into the price. 1. Short interest is over 50% of the float, which to me, gives a lot of potential for a true squeeze, higher than GME and AMC. 2. Because CLOV is a SPAC, insider shares have a lockup as well as a predetermined price that the stock MUST be trading at for 90 consecutive days before insiders can sell. that price is $30 a share. Meaning if they want to sell their shares, price has to be $30 for atleast 90 days. 3. Short positions are in trouble near the $11 level, meaning above $11, nearly 100% of all short positions are in the red, and losing money. 4. Shares available to be shorted as of yesterday was only 600,000. With squeeze potential like this, such a large short percent of the float, and company insiders not being able to sell until $30 a share, expect nothing less of parabolic movement, but the real question is WHEN. Timing this will be a difficult thing to do, but I will be playing this with long term leap options as well as shares for accumulation. GLTA, in Chamath we trust, I guess.
NASDAQ:CLOVLong
by chartxzy
3
$BB Analysis & Predictions Based on Parabolic Squeeze MomentumWith BB now reaching a new high since the previous January squeeze, the level reached was approximately near the $20 Level, or the 61% Retracement level. It is now currently using the 50% retracement level of $17 as support for a potential next leg up. If parabolic movement continues in the "meme stocks" , you can look for your next targets of resistance levels near $20 (61% retracement) and then $24 (78% retracement). The zones are as shown on the chart, shows how these fibonacci retracement levels play a significant role in determing support and resistance on 1D chart. My position on this was strictly options, I purchased so called YOLO calls on Tuesday of this week 6/4 $16 Calls - 0.86 /c as well as yesterday at the close purchased 6/11 $20 Calls - 3.30 / c Sold the June 4's for 4.85 at the open today, cant complain about that gain and they expire soon, and I will hold these $20 calls for next week if the current support zone holds. GLTA, follow for more
NYSE:BBLong
by chartxzy
2
$AMC Analysis - Parabolic Movement & Retracement Patterns The chart is relatively self explanatory. AMC has been moving according to its retracement zone levels, we see resistance where there technically should be resistance, and we see support at key levels of the retracement pattern. Considering this is not your typical volatility and case scenario, the price movements are going to be nothing short of parabolic with short squeeze gamma metrics. Gamma in terms of MM's buying shares to properly hedge themselves for options contracts that are ITM, with a majority of contracts being 6/18 $40 calls. With more and more contracts becoming ITM, MM's buying shares to make sure they can "make" the market, AND closing purchases (short covers), parabolic type movement brings us to its next retracement level of 261%, or the price of approximately $92. GLTA
NYSE:AMCLong
by chartxzy
6
BTC Bitcoin Short and Long Term Breakout + Resistance Dump LineIt looks like Bitcoin will bounce between the 33k and 36k mark until the following THREE potential breakout opportunities, in either direction of course. Dates & Timing (EST): June 4: 8PM-12AM June 7: Breakout watch on entire day - will likely rise from ~34k to ~36.5k; however, will not be the breakout. A break to 40k would confirm a reversal June 9: 4PM-12AM (depending on which way the 4H candles consolidate 4HR Magenta Line seems to be major line of support + resistance throughout the entire bull run thus far
BITSTAMP:BTCUSD
by jjtrader1234
BOASS (Big Brother of all Short Squeezes)Medical History: Based on Fibonacci levels expect a return to high 200s. Also expect some profit taking at that point. I am not expecting a return to low 100s, and although I wouldn't rule it out, R/R is favorable for long positions. Regardless of earnings details there will be volatility, and if a retracement occurs those who have been on the sidelines are likely going to take this opportunity to jump on the bandwagon. Lab Investigations: -Fibonacci levels -Wyckoff accumulation model -Decreasing Volume and MACD divergence Diagnosis: Squeeze Management Plan: Buy the dip Don't forget to like & subscribe!
NYSE:GMELong
by DanMTrading