CLOV trade ideas
Clover Health (CLOV) in a Falling WedgeClover Health, ticker CLOV, is currently in a Bullish Wedge. We need to break and hold the 14.31-14.51 level. When we break those levels with decent volume, my profit target will be all time high of 17.45 followed by a 2nd profit target of 21$. The key support area is 13.26-12.86. Below 12.86, we need to cut our loss. I'm in shares at 13.69 for a 10:1 ratio play. A price level above 14.50 will indicate a confirmation of the break-out.
CLOV LongBiden plans to support telehealth for rural areas. $3M premium on 1/22/21 for 3/19/21 $10C.
CLOV over 14.55Nice confluence here where the .618 fib from all time low to high should make a nice entry.
$CLOV Clover HealthI am loving this price action a lot, just a little more of patience needed and it will rocket sooner than you think. If anybody is holding this stock, hold on a little more. It has come to our buyin zone and been consolidating which is a good thing. This is a solid company which has a great revenue generating potential long term. So hang on to it it will pay you good.
Trade Safe.
Keep a close
Also, make sure your SL are in place if it doesnt work out the way we wanted.
$CLOV in a bullish pattern here.$CLOV formed a bullish pattern with a bullish engulfing candle from support area. Very nice setup to bounce from.
Short Term Target Area: 15
Short Term Target Area 2: 17
$CLOV Bullish Wedge, Incoming Break Upwards$CLOV revering and nearing end of bullish wedge pattern. We likely see a nice breakup going into next week. Additionally, the Medicare Advantage Leadership Innovations meeting will be held on January 27, 2021 where they stated they'd announce a previously unannounced partnership. Recently updated 2021 provider lists notes the addition of Costco $COST. So this could be potentially huge news incoming as well as a great catalyst to retrace and retest previous high's.
CLOV ProjectionsCLOV in consolidation, bullish case supported by 50MA could see price push up with cross of 50MA x 200MA
CLOV breakout from downtrend CLOV broke out of its downtrend (with volume) since its birth, keep an eye out here for continuation
Buying opportunity.CLOV seems to be in a great buying opportunity. Chammath is in this company and from doing my research he is part of the board of directors of this company. He came out on CNBC talking about this company. RSI is oversold territory which is undervalued.
$CLOV long over 13Great revenue growth + growth potential with Biden administration too, hot IPO, hot supporters, lots of social media attention to cause short term demand imbalance
$CLOV, could get worse before it gets betterI have this going as low as $12 on a falling wedge before it pops.
Potential SetupConsolidation near 50 day ema - quite steep of a fall
Likely to break
For study purpose only
CLOV Reversal?Double Bottom on the 15Min, .50 Fib support on the daily, oversold conditions, falling wedge... looks like a reversal in the works!
