CLOV TA- SHORT TERM AND LONG TERM TECHNICALS- DAILY CHART
THE DAILY CHART IS WHERE I AM MORE EXCITIED ON THIS PAY.
- MFI IS CLEARLY OVERSOLD- AT A GREAT SPOT WHERE PRICE IS FINDING REAL SUPPORT AND THE 50 MA ABOUT TO CROSS THE 200 MA
- THIS SHOULD BE ENOUGH TO PUSH THE STOCK UP OUT OF OVERSOLD, THE 50 OVER THE 200 DAY MA AND REALLY SOLDIFY THIS UPTREND THATS SLOWLY STARTING.
- PRICE ACTION IS ACTING VERY SIMILAR TO WHAT WE SEEN IN MARCH WHERE WE HAD A DOUBLE BOTTOM ON THE DAILY, WHICH STARTED A SPIKE FROM THE $7.60 RANGE TO THE $10.50-$11.80 RANGE.
- PRICE THEN FELL OFF, AND CONSOLDIATED RIGHT BEFORE THE SQUEEZE HAPPENED.
- HOPING TO SEE THE SAME THING PLAY OUT WHERE PRICE IS TESTING SUPPORT ONE LAST TIME BEFORE PUSHNG UP AND SEEING THE GOLDEN CROSS APPEAR.
- MFI IS CLEARLY OVERSOLD- AT A GREAT SPOT WHERE PRICE IS FINDING REAL SUPPORT AND THE 50 MA ABOUT TO CROSS THE 200 MA
- THIS SHOULD BE ENOUGH TO PUSH THE STOCK UP OUT OF OVERSOLD, THE 50 OVER THE 200 DAY MA AND REALLY SOLDIFY THIS UPTREND THATS SLOWLY STARTING.
- PRICE ACTION IS ACTING VERY SIMILAR TO WHAT WE SEEN IN MARCH WHERE WE HAD A DOUBLE BOTTOM ON THE DAILY, WHICH STARTED A SPIKE FROM THE $7.60 RANGE TO THE $10.50-$11.80 RANGE.
- PRICE THEN FELL OFF, AND CONSOLDIATED RIGHT BEFORE THE SQUEEZE HAPPENED.
- HOPING TO SEE THE SAME THING PLAY OUT WHERE PRICE IS TESTING SUPPORT ONE LAST TIME BEFORE PUSHNG UP AND SEEING THE GOLDEN CROSS APPEAR.