Clever Leaves Holdings Inc - $CLVR Chart Analysis
TAKE A HIT OR LET IT SIT?
Clever Leaves Holding (
CLVR) chart is starting to look like a sherlock pipe ready to get packed and sparked, but first let's clear the dirty hits first before producing a new investors high...
What seems to be a great battle of psychological warfare at the very beginning of the chart's timeline, performing a descending running-flat, CLVR appears to be on the 5th wave down of the primary cycle.
While most marijuana and cannabis stock tickers appear to want to correct during the summer, CLVR might want to continue selling. I wrote on the chart there is a possible hyper-extension that could be created here, but no clear indications that make be believe it's developing. (*see bottom if so...)
Without confirmed MACD divergence on the weekly, I can only expect that if the 5th wave does not appear in divergent state, it will only be riddled with it as the cycle correction occurs. -- But, it is earlier where we might start seeing the divergence start peeking through very soon, making it harder for investors to jump in on a good entry before the cycle correction.
I think around .50 cents to .44 cents, we will start to see a possible floor put in for investors to stand on during the cycle correction.
If a hyper-extension is creating during these current weeks, we could see panic set in even more and the final cycle PT would likely be around .22 cents.
Clever Leaves Holding (
CLVR) chart is starting to look like a sherlock pipe ready to get packed and sparked, but first let's clear the dirty hits first before producing a new investors high...What seems to be a great battle of psychological warfare at the very beginning of the chart's timeline, performing a descending running-flat, CLVR appears to be on the 5th wave down of the primary cycle.
While most marijuana and cannabis stock tickers appear to want to correct during the summer, CLVR might want to continue selling. I wrote on the chart there is a possible hyper-extension that could be created here, but no clear indications that make be believe it's developing. (*see bottom if so...)
Without confirmed MACD divergence on the weekly, I can only expect that if the 5th wave does not appear in divergent state, it will only be riddled with it as the cycle correction occurs. -- But, it is earlier where we might start seeing the divergence start peeking through very soon, making it harder for investors to jump in on a good entry before the cycle correction.
I think around .50 cents to .44 cents, we will start to see a possible floor put in for investors to stand on during the cycle correction.
If a hyper-extension is creating during these current weeks, we could see panic set in even more and the final cycle PT would likely be around .22 cents.
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