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:
reddit.com/r/wallstreetbets/comments/ntx6w8/apes_need_healthcare_apes_need_clov_the_ultimate/
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)
Link:
reddit.com/r/wallstreetbets/comments/ntx6w8/apes_need_healthcare_apes_need_clov_the_ultimate/
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)
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.