Clever Leaves Holdings Inc - $CLVR Chart AnalysisTAKE A HIT OR LET IT SIT?
Clever Leaves Holding ($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.
CLVR
CLVR. digging through old watchlists. found nice bull flag.Bull action recently, now some uncertainty. Bull flag is a little long for my liking, but the strength of the move into it is really good.
[TLRY] 2021 Cannabis Market Roundup: TLRY and APHA Lead the Way!Cannabis feels so meta sometimes.
TLRY leads a 10x market run and then collapses to the worst performing Cannabis company in 2021 lol.
Man APHA definitely getting the short end of the stick here haha but they'll all make plenty of money slangin drugs together.
Wish I had done a mashup like this a long time ago, lots of fun data.
Here's how I've been betting it:
1. APHA/TLRY (TLRY was my #3 before the merger)
2. CGC
3. ACB
4. OGI
I threw in GRWG and CLVR here too.
GRWG is the shovels and pickaxes of this Green Gold Rush.
CLVR a new entrant that looks promising.
I have some other minor stakes but these are the Gems.
TLRY/APHA leading the pack with OGI coming out of left field recently to supplant ACB and CGC.
With OGI finally blowing up, that makes CGC the best value play right now. At similar value, CGC much better company than ACB.
Lookin to pick up another load around $23-$26 and we're back on the hunt for that double top ;).
APHA and TLRY are priced pretty well here, OGI lookin pretty overpriced. Rest are underpriced.
CLVR consolidation??Looks like some consolidation for CLVR
Price action took off today. My PT is well above 20$ not sure when to take profits yet. Im in at 11.30
Let me know what you think. Im a noob, i know
CLVR - NASDAQ - DOUBLE BOTTOMAs anyone can see from the above chart, we see a Double Bottom on the daily chart.
CLVR will break out soon, and you should see a nice profit past the $14 and $15 range
Company Ticker: CLVR
Exchange: Nasdaq
Company Name: Clever Leaves Holdings Inc.
Company Type: Healthcare | Drug Manufacturers - Specialty & Generic | USA
Company Info: Clever Leaves Holdings Inc. cultivates, produces, and sells pharmaceutical-grade cannabinoids. It invests and operates in Colombia, Portugal, Germany, the United States, and Canada. The company was founded in 2018 and is based in New York, New York.
Price: 11.01
Prev Close: 10.55
Market Cap: 261.71M
Avg Volume: 1.14M
Volume: 1,298,065
Shares Outstanding: 23.77M
Shares Float: 19.30M
Short Float: 2.81%
Short Ratio: 0.48
