Clover Health has become a meme that has caught the attention of the Reddit army, with stocks surging 140% after reviving the conversation on WallStreetBets on June 6 and 7.
The average target price for CLOV shares before bulk purchases was $ 9.30.
At the present moment, we have approached the mark from which the rapid growth began.
Meanwhile, technically, the picture still looks short.
A strong downtrend, we approached the level of 9.30, there is no rebound, there is a protrade. The day closed at the very level. It is likely in the near future, a breakout should be expected and the shares may still decline by 10-12%
I trade the breakout of the level with an extra short stop.
The average target price for CLOV shares before bulk purchases was $ 9.30.
At the present moment, we have approached the mark from which the rapid growth began.
Meanwhile, technically, the picture still looks short.
A strong downtrend, we approached the level of 9.30, there is no rebound, there is a protrade. The day closed at the very level. It is likely in the near future, a breakout should be expected and the shares may still decline by 10-12%
I trade the breakout of the level with an extra short stop.
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