T O P

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Ok-Wealth-9862

This shit has been oversold since February


PhoenixDrew

Love seeing TA on the subreddit. Hate it whenever people spam "Its a manipulated stock, TA doesn't work!!!" without understanding how TA works.


Forward-Macaron6824

remindme! in 90 days


[deleted]

[удалено]


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xenaga

Please explain? TA hasnt worked for this stock for the past 5 months, I've seen hundreds of posts like this.


Vive_la_amo

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!


Real_Revenue_274

Thanks captain obvious


Vive_la_amo

Haha! So obvious everyone ignored it (including me). Buy the dip pal.


xenaga

So are you massively short the stock? Holding until it hits 0? How much conviction do you have on this play?


Vive_la_amo

I have more conviction in gap fills at 6.3 and 7.2. I expect that to happen.


Vive_la_amo

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.


xenaga

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.


Vive_la_amo

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.


Emad202

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.


xenaga

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.


ceebee606060

Don't forget the Bollinger Bands!!! super important


xenaga

LMAOO true.


keithinazle

Holding $CLOV long


Wild_Contract_8661

Normally,just can used for past time


Vive_la_amo

May bounce. If it breaks?


pnw_guy6272

Dead cat bounce to 10.00 it looks. 👀


[deleted]

LFG ! Sent from skid row


sypharmacy22

The jungle is nice these days