CLOV trade ideas
$CLOV: Clover Health - Services cause insanity?Holding $CLOV has been a trip for sure. This isn't anything new, but I just wanted to publish my mental noise while I ride this bish to hell or heaven.
$CLOV Earnings GamePlan Wild chart here but a massive short interest, insane amount of options on the table, earnings Pre-Market Monday (bullish), and a very beatdown stock that is known to rip.
Depending on what GME does on Friday, I will put on a YOLO position on this one. Already have $9 and $30 calls.
And again, this is under $8... Literally has a firework up its you know what.
CLOV SHORT PUT VERTICALStrike below 0.618 FIB, and oversold divergence.
Max profit: $135
Probability of Profit: 68%
Profit Target relative to my Buying Power: 29%
Max loss with my risk management: ~$130
Req. Buy Power: $465 (max loss without management at expiry, no way to let this happen!)
Tasty IVR: 66
Expiry: 50 days
Sell 3 CLOV Jun18' 8 Put
Buy 3 CLOV Jun18' 6 Put
Credit Put spread for 0.45cr each, because IVR is relative high.
Stop/my risk management : Closing immediately if daily candle is closing BELOW the box, max loss in my calculations in this case could be 130$. Probability of loss in this way: ~20% .
Take profit strategy: 50% of max.profit in this case with auto sell order at 0.23db. Probability of profit this way: ~80%.
Of course I'll not wait until expiry in any case!
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$CLOV for a follower I would not take a new position here but you might get decent bounce here off 786 trigger of this Cypher Pattern, i would not add, but you can if you believe in $CLOV, the Pattern is very Valid. Hope this helps @Francescaliwag
trigger 8.10'ISH aim tp1 + stop goes to even +take half, watch for supply sellers at 89 ema Blue line as well, might get tp 2 out of this,
$CLOV can rise in the next daysContextual immersion trading strategy idea.
Clover Health Investments , Corp. operates as a Medicare Advantage insurer in the United States.
The demand for shares of the company still looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position again from $10.50;
stop-loss — $9.36.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
CLOVSHORT-TERM: Bullish Bat with 1hr hidden bullish divergence and breaking over VWAP, also backtesting previous resistance on the daily. (not financial advice)
CLOV looking for another squeeze?CLOV been pumped from being discussed on wsb, its starting to look like a reversal on the daily chart coming monday.. Copy cat candles setup, but we’ll see. I maybe wrong, not financial advice;
$CLOV broke the up sloping trend line$CLOV broke the up sloping trend line. Seems as though more distribution is a head in the short term but we do have bullish divergence forming on this 30m.
$CLOV Cypher pattern Update Hey guys this was private (out of ideas to share) i did post to my twtr account however, if you want trades like this daily please dm me to be added to our waiting list, or drop comment. We will be reaching out very soon, thanks for your interest
Clover Health is about to break outNASDAQ:CLOV had massive volume yesterday and is about to break out. I expect a minor pullback before it march forward, long the break out at 9.08$, targets and price action are shown on the chart, stop loss at 7.15$.
Hit the like button please if you find this useful :)
This is only my own view and not a financial advice, do your own analysis before buying or selling
Happy Trading!
CLOV breaking resistance. Confirmation needed. CLOV is looking really good after all those red days we saw. CLOV was beaten down with the short seller report accompanied with the market conditions that werent helping. The past few days CLOV has been slowly moving back up, and today we saw a nice candle breaking resistance. Tomorrow will be interesting to see where the candle opens. If we see a candle above the line of resistance then we can see this rally continue, and move up. Volume is coming in as well and the MACD is in the green wanting to widen more. RSI is heading up about to crossover the overbought territory. Price target on this for me is 20 dollars.
$CLOV Cypher pattern and 618 bounce levels 8.45/8$ Watching price action at 8.45 and 8 $ to get long on pullback
Stock Alert: CLOVBreakdown:
Heavy sell timeframe (Highlighted in Red box) from 2/23 to 3/8. Looks like $9 is the Resistance level here. Possible that this takes around the same amount of time to complete run back up (Highlighted in Green box) with a completion date of 4/30 that would put us back in the $11 price. CLOV might have a few volatile days along the way but I'm pretty confident in a $11 PT. I don't see this going down past $7.30 for long before bouncing back so not much to risk here really.
I'm not sure how much higher this could reach if/when it reaches $11, FOMO would likely be in "full effect" at that point.
*Support, Resistance, and Price Target Marked in chart*
Will try to update as days progress.
Lets see how this plays out!
*Please leave a like if you find this idea helpful, thanks*
CLOV - The party is overInvestors jumped the gun based on faulty short interest numbers from S3, anticipating a short squeeze. The recent rises in price were not due to a squeeze, simply impulsive investors still chasing the dragon after GamesStop. Trading volume has completely slashed following S3 admitting their mistake and publishing corrected numbers. With the thesis for the CLOV squeeze broken, look for this stock to complete H&S as investors inevitably dump the share price once boredom and fear of loss sets in back to the 7.75 range.
CLOV and the Fork IIAlgo chart from previous analysis.
I am using a Median Line pattern and the Center Line is the "ideal first" target zone.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
$CLOV can rise in the next daysContextual immersion trading strategy idea.
Clover Health Investments, Corp. operates as a Medicare Advantage insurer in the United States.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $9.67;
stop-loss — $8.48.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
Clov is a crab!crab harmonic pattern:
AB=0.38 XA
BC=0.88 AB
CD=2.6 BC=$14
or
CD=3.6 BC=$18.5
or
CD=1.6 XA=$29
