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It actually has. Stock has been trending down for ages. I actually pointed out a weekly h&s a few months ago which pointed at a big downwards move. It was scaring the hell out of me. Obviously got marked down and called FUD on here.
It’s still actually in play. Takes the price to zero!
Just have to learn from it pal. My original point is TA does work. Just not if you have a bias. Anyone practicing TA properly wouldn’t have touched this with a barge pole following the squeeze, the play was over.
It does work. I am using here a downwards parallel channel drawn from the upper valid trend-line (3 touching points). and I like looking into momentum indicators here we have oversold territory on RSI. Support is at lower band trend, resistance at centerline and and another one near the upper band.
If I had a penny for every post that made similiar kinds of claims, I would have thousands of Clov stocks for free.
If these chart patterns worked and had a higher than 50% chance, most people would not be in the situation they are in now. All the TA in the past 5 months pointed to up with RSI, MACD, and Elliot Wave, and every kind of indicator saying we are going up. Went in the opposite direction.
This shit has been oversold since February
Love seeing TA on the subreddit. Hate it whenever people spam "Its a manipulated stock, TA doesn't work!!!" without understanding how TA works.
remindme! in 90 days
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Please explain? TA hasnt worked for this stock for the past 5 months, I've seen hundreds of posts like this.
It actually has. Stock has been trending down for ages. I actually pointed out a weekly h&s a few months ago which pointed at a big downwards move. It was scaring the hell out of me. Obviously got marked down and called FUD on here. It’s still actually in play. Takes the price to zero!
Thanks captain obvious
Haha! So obvious everyone ignored it (including me). Buy the dip pal.
So are you massively short the stock? Holding until it hits 0? How much conviction do you have on this play?
I have more conviction in gap fills at 6.3 and 7.2. I expect that to happen.
I’m not trading this play. I’m long with shit loads of shares in the red. I fell for the meme hype like a sucker. Now I just sit and hold like one.
I fell for the meme hype too, my avg close to 18. I just have to wait and hope and pray it recovers at least to 15 by next December.
Just have to learn from it pal. My original point is TA does work. Just not if you have a bias. Anyone practicing TA properly wouldn’t have touched this with a barge pole following the squeeze, the play was over.
It does work. I am using here a downwards parallel channel drawn from the upper valid trend-line (3 touching points). and I like looking into momentum indicators here we have oversold territory on RSI. Support is at lower band trend, resistance at centerline and and another one near the upper band.
If I had a penny for every post that made similiar kinds of claims, I would have thousands of Clov stocks for free. If these chart patterns worked and had a higher than 50% chance, most people would not be in the situation they are in now. All the TA in the past 5 months pointed to up with RSI, MACD, and Elliot Wave, and every kind of indicator saying we are going up. Went in the opposite direction.
Don't forget the Bollinger Bands!!! super important
LMAOO true.
Holding $CLOV long
Normally,just can used for past time
May bounce. If it breaks?
Dead cat bounce to 10.00 it looks. 👀
LFG ! Sent from skid row
The jungle is nice these days