This Pattern on $CLOV Suggests a 40% Move Is Possible

There is no guarantee that these patterns will¬†play out, but they are powerful when they do play out. I see several of these on a handful of names that we would categorize with this one, as “a meme stock.” This suggests to me that we may see a short squeeze soon.

The inverse on $CLOV presents us with the noted target, which indicates the potential for a 40% move.

CLOV

[UPDATE]: The pattern has played out:

CLOV


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