Golden Cross, Gap Filled, Descending VolumeThe gap has been filled, the daily is showing a golden cross and volume has been descending. A sharp reversal could cause this highly shorted stock to rocket.
CLOV trade ideas
Entry@ $15.00 Target @$100 Apr 8, 2022 Squeeze
Clover Health Investments, Inc.
Entry@ $15.00 Target @$100 Apr 8, 2022 Squeeze
Entry@ $14.00 Target @$100 Apr 8, 2022 Squeeze
Entry@ $13.00 Target @$100 Apr 8, 2022 Squeeze
Clover Health is a Preferred Provider Organization (PPO)
and a Health Maintenance Organization (HMO) with a Medicare contract.
Shares Outstanding 148,280,000 Shares Dilutions: 376,170,000 Million + Naked Short
Total Liabilities: 278.01
Market Closed: As of 06/08/2021 EDT
Total Assets: 866.94
Market Cap: 9.039B
Employees 458
Short Float 36.09% Perf Quarter 108.63%
Shs Float 112,100,000 Millions shares
Daily Volume 95,159,566 Shares
Company Website: www.cloverhealth.com
CLOV Harmonics: Let's ride!As you can see, the harmonic here is difficult to key out. There is a bounce zone from 12-11 dollars; however, this is not the true reversal zone. Only when the harmonic is measured on the weekly chart can one see that price ascended and descended swiftly enough to make a large wick which does not interfere with the measurement of the harmonic, from that perspective. The purple fractal lines show that price should reverse at either of those price points very nearly if not perfectly. This harmonic prz lines up with this fractal level; therefore, I am absolutely positive that this is the true level from around 8-7 dollars where price will reverse for it's next run. Good luck, trade safely, and let's make money with the REAL reversal zones.
potential rebound target $16Please note:
- I'm just sharing my view. its not a recommendation for buying or selling.
$CLOV Clover Health Investments tries to recoverThe title recently had an explosive exploit touching really important levels, as a result of these unfortunately profit took prevail and the price of the title fell.
Now it seems back the time of collection and the advisor Market Miracle that tries to identify the interests of big players in the market is providing us with an entry signal on the title $CLOV.
The expected target is 17.25 USD but it could also be a starting point from which to take new leaps.
Analyzing the title on the graph I expect to see a price action similar to the one I designed, Of course surprises are always possible especially on a low capitalization stock like $CLOV so pay attention and analyze well what for you is the possible price action to be able to current any necessary price mediation.
This idea is based on the signal generated by the Marketmiracle advisor whose link you can find by scrolling at the bottom of this page.
ClovLook at the breakout and the high amounts after which you hit the target of the pattern. It's the quantities, gentlemen, fuel patterns
CLOV SETUP FOR 28.85CLOV touches 28.85 on 090621 and is currently holding the Supertrend 4hr line at 13.10. A stop loss at 12.14 (day supertrend) to target 28.85 with a multiple time frame uptrend is the setup.
LONG TERM UPTREND SINCE 120620
MEDIUM TERM UPTREND SINCE 070621
SHORT TERM UPTREND SINCE 030621
PIVOT 12.14
LONG POSITIONS ABOVE 12.14 for 28.85
SHORT POSITIONS BELOW 12.14 for 6.79 and 5.30
YOUTUBE VIDEO
Falling wedge —> LONGInstitutional call flow sentiment is overwhelmingly bullish. Falling wedge after an explosive gap up is playing out as expected.
Stock is still highly shorted with 36.6% short float or in other terms 41,270,000 shares out of 112,780,000 total shares. $CLOV’s heyday is yet to come.
$CLOV Clover Health Supports
Hopefully you find the chart helpful in terms of Supports & Resistance etc.
we refrain from adding commentary on the chart as that is reserved for our members and we are very conscious of not giving financial or trading advice.
Thank you for taking time to consult our chart and we would really appreciate a like, follow or comment.
HOW TO: Trading the WallStreetBets Stonks with Cascading StopsHadn't seen any videos of anyone doing something as silly as this (which of course fits into the WSB philosophy) so thought I'd make a video of it and share it in case it amused or inspired anyone else.
Just something I have been having a bit of fun with over the last couple of weeks.
You could do this with any broker, but I REALLY like the simplicity of doing this all within TradingView and using TradeStation as the integrated brokerage free broker.
Note: You would not do this if you were paying brokerage.
What I do is:
1. Create a list of WSB type stocks.
2. Watch in the pre-market to see which ones are getting the attention.
3. Try and buy as early in the move as your broker allows.
4. Add a stop loss a bit below your buy price - eg 5% or so. Nice and tight.
5. As the stock price moves up, start to break down your stop loss into lots of mini stops.
Idea is that as the stock moves up, you are moving your stops up, BUT rather than one big stop that gets your whole holding exited, you can place lots of smaller stops (even place some ahead of the price) so that as volatility happens you auto exit some of your position hopefully taking profit along the way.
Rinse and repeat.
Definitely NOT trading advice. As before, it really is a silly idea, but hey its also a bit of fun for now and seems to work reasonably well for these kinds of stocks that spike big in one day and then start to equally quickly pull back.
Might be better to simply buy and hold them, but you never know when they will inevitably come crashing down, and more so which one is going to be the focus of the day.
Like and subscribe if you like it.
One of those videos you can skip through once you see the initial concept...
$CLOV Clover Fibonacci Targets
Hopefully you find the chart helpful in terms of Supports & Resistance etc.
we refrain from adding commentary on the chart as that is reserved for our members and we are very conscious of not giving financial or trading advice.
Thank you for taking time to consult our chart and we would really appreciate a like, follow or comment.
$CLOV What to ExpectBased on the move up, resistance should have been met at the 16.59 level according to previous waves resistance back in April and May.
As you can see, we broke right through that, now showing support in the 100% retracement level. Holding the $17 level is important for this to touch the 24.34 level again
CLOV Gap Watch out if you're trading CLOV, there is a gap to fill back down from $16-$12.
All of the meme stocks or heavily shorted stocks such as amc, spce, gme, clov, are all running right now so I wouldn't be surprised if CLOV kept going up, just know there is a gap to fill at the $12-$16 price level.
CLOV - Statistically at the Peak ⛰️-The healthcare company’s share price rose over 32% Monday and is up another 30% on Tuesday in premarket trading. It is currently being bought and sold above $15 a share, while it was valued at $7.64 at the end of last month. Over 125 million shares were traded on Monday, nearly an eightfold increase from Friday.
-Clover Health went public Jan. 8 by merging with a special-purpose acquisition company, or SPAC. Founded in 2013, it provides private health insurance and Medicare plans.
-Some Reddit users are speculating that Clover Health could be a candidate for a short squeeze, which is characterized by a high level of investors betting on the stock to fall. If the share price rises significantly instead, short investors may be forced to buy the stock to cover their positions, which could accelerate the stock upward.
-A proxy measure of short-interest, the percentage of shares outstanding on loan, is at 9.7%, according to data from IHS Markit. While this has more than doubled from March, it is far below levels previously seen for stocks such as GameStop, which was above 80% in January.
-This isn’t deterring some Reddit users. “Apes who missed on $GME! Listen up, $CLOV is ready to lift off!” wrote one user who goes by u/pvr90 on Tuesday. Ape is a nickname for buyers of AMC Entertainment Holdings Inc. shares, which have been among the most actively traded meme stocks in recent weeks.
$CLOV Update, No Words Needed$CLOV Squeeze Called out from $7 price point, GLTA.
Next Fib level is 24.33 with gamma squeeze
$Clov in the ascending channeltp1=1.6 BC=$10.5 *reached*
tp2=0.6 XA=2 BC=$12
tp3=0.78 XA=2.6 BC=$14
tp4=0.88 XA=$15
tp5=1.13 XA=3.6 BC=$19
tp6=1.27 XA=4.2 BC=$22
tp7=1.41 XA=$25
tp8=1.6 XA=$31
$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)
Another Example of market Manipulation..!All the Pumps and Dumps calculated perfectly..!
Follow the money..!
I believe a Quant Fund master in social psychology is behind these so-called "Meme Stocks"..!
Which one, it is SEC job to find out not mine..!
$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.
