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$CLVR Chart Analysis
Clever Leaves Holding ($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...
Quotes by TradingView
Clever Leaves Holding
Clever Leaves Holdings, Inc. operates as a holding company. It produces pharmaceutical-grade cannabinoids. The company was founded on July 23, 2020 and is headquartered in Boca Raton, FL. (Tradingview)
Current Buzz
What seems to be a great battle of psychological warfare at the very beginning of the chart's timeline, performing a descending running-flat, Clever Leaves 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 me believe it's already developing. (*see bottom if so...) TAKE A HIT OR LET IT SIT?
Cleaver Leaves' stock (CLVR) is a not worth hitting at this time in my opinion. 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's still early 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 created during these current weeks, we could see panic set in even more and the final cycle PT would likely be around .22 cents. But, I will set an alert around $.50 to watch the situation unfold to see if a correction is due.
Tags: $CLVR Cannabis Stocks
Pot StocksWriting by Nick CaskeyPot Stocks provides stock chart technical analysis for cannabis investors in the marijuana sector of the stock market(s). Follow PotStocks420 on Twitter! Made or saved money by following these charts? Consider sending a tip or donate towards the analyst's pain management fund.
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Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations by Pot Stocks - These are theories and ideas using a chart analysis method developed by Nick Caskey.