$CLOV Finding The Bottom
The bearish channel has broken to the downside and we are now in an unchartered territory. Within this unchartered territory, I expect every $0.50 to be a new support (i.e. $8.50, $8.00, $7.50, $7.00, and so on). As of the time that I am writing this post, we have broken the $8.50 support and found a $8.03 low.
It will be difficult to predict where we will find a bottom, but what I can tell you is that
CLOV is severely undervalued at this price. It was undervalued at $10, it is undervalued at $8.00, and it will still be undervalued if it dips below $8.00.
CLOV recent earnings, albeit slower than expected, has proved that it is capable of growth. This will be a winner further down the road. However, if you are in this for a quick buck, CLOV is not for you. But if you are an investor, do your fullest DD, strengthen your resolves, and buckle your seatbelts, because you are in for a rollercoaster ride until the negative sentiment surrounding CLOV settles down. Regardless, CLOV will be a winner for long-term investors.
Chamath Palihapitiya once said in a CNBC interview that Clover Health will be their next 10x in 10 years investment, and I truly believeCLOV is capable of it.
This is not investment advice so please do your own due diligence!
Support this idea with likes and share your thoughts below.
It will be difficult to predict where we will find a bottom, but what I can tell you is that
CLOV is severely undervalued at this price. It was undervalued at $10, it is undervalued at $8.00, and it will still be undervalued if it dips below $8.00.CLOV recent earnings, albeit slower than expected, has proved that it is capable of growth. This will be a winner further down the road. However, if you are in this for a quick buck, CLOV is not for you. But if you are an investor, do your fullest DD, strengthen your resolves, and buckle your seatbelts, because you are in for a rollercoaster ride until the negative sentiment surrounding CLOV settles down. Regardless, CLOV will be a winner for long-term investors.Chamath Palihapitiya once said in a CNBC interview that Clover Health will be their next 10x in 10 years investment, and I truly believe
CLOV is capable of it.This is not investment advice so please do your own due diligence!
Support this idea with likes and share your thoughts below.
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