70% of a stocks movement is based on public psychology factors (technical side). Only 30% is based on fundamentals.
Joined August 2009
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$CLOV
Bulls won the morning.
Bears won midday.
Neither side won the close.
Today looked like a stock building a base under $5 than a stock being rejected by $5. The difference is subtle, but important. A rejection comes with selling pressure into the close not a late recovery
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This looks less like selling and more like buyers simply stepping aside during lunch hours.
Many day traders likely took profits and are waiting.
$CLOV bollinger bands are squeezing near the highs of the day, not near the lows. That’s generally a healthier sign.
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If you’re a bull, I’d actually be happy with a boring afternoon between $4.95 and $5.05. The longer $CLOV can build a base above the old resistance zone, the better the odds of a move toward the $5.20-$5.25 this week / or today.
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If you’re watching one thing over the next hour, it would be whether $5. turns into support. Stocks often break a major level, pull back to it, shake out weak hands, then make their real move. The fact that $CLOV buyers chewed through that huge wall instead of giving up is 🙏
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$CLOV
The next wall appears to be:
22,616 shares at $5.05
Smaller resistance between $5.06–$5.10
That means the fight has shifted from $5.00 to $5.05.
Instead of buyers defending $4.94, they’re now defending $5.00.
That’s a huge change.
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Looks like $CLOV just chewed through that monster wall at $5. Here We Go!
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$CLOV is compressing under resistance instead of being rejected from it.
From here my probabilities are:
Hold above $5.00 and test $5.10: 55%
Brief pullback to $4.95–$4.98 then another run: 30%
Fail and lose $4.90 today: 15%
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Here we go! 🚀
$CLOV keeps knocking on the door of $5.
Morning sellers showed up.
Profit takers showed up.
Yet buyers keep reclaiming the move.
The more times resistance gets tested, the weaker it becomes.
At some point, $5 stops being resistance and starts becoming support.
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Jun 15
Can’t get ‘em right 100% of the time. I’ll own it.
I expected a gap to $5.25 but
the market had other plans.
But I’d rather be wrong on timing than wrong on direction.
$CLOV is still green, still near $5, and still a lot closer to breaking out than breaking down.
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Jun 15
If $CLOV management was willing to buy around $2.60 and authorize buybacks back in 2024, then today’s price is still nowhere near where insiders likely believe the business could be worth as profitability, star ratings, and Counterpart Health continue to improve. 🚀🌘
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Jun 14
🟢 70% chance $CLOV gaps to $5.25–$5.40 and works its way toward $5.75.
Aggressive? Yes.
Unrealistic? Not with a peace deal, green futures, risk-on sentiment, and retail already in full attack mode.
🟢 20% chance we test $6–$7 if momentum and FOMO take over.
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Jun 14
Oh,
🔴 10% chance of a sell-the-news reaction.
The Angry Bird is watching. 🐦😡
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Jun 13
Everyone complains about Wall Street manipulation.
Then the media tells them what to buy, institutions tell them what’s hot, and they all pile into $SPCX
At some point you have to ask:
Are investors being manipulated…
Or are they voluntarily following the script?
🤔
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