CLOV Squeeze Setup
We have a descending wedge squeezing into a point, strong Friday AH volume, Oversold RSI popping out of the downward trend, MACD turning positive, price sitting on the original investment price for the IPOC spac, large short interest, earnings on Monday and the Clover Assistant technology showcase Tuesday. If there was ever a recipe for a short squeeze, this is it.
1st Target the 38.2% fib retracement around $12.50.
1st Target the 38.2% fib retracement around $12.50.
Note
Strong Breakout from descending wedge, going to swing this through earnings. Have sold puts and own shares.
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