$CLV - CLOVER CORP - Back testing resistance

Clover has been having a good run. Back testing resistance. On the lower level timeframes Im getting some volume alerts so might be one to watch.

Clover Corporation Limited (CLV) is involved in the refining and sale of omega-3 oils and encapsulated bioactive ingredients for infant formula, children's foods, supplements and medical foods. CLV operates its businesses from five sites: a headquarter in Sydney; a manufacturing plant for tuna oils and related products in Altona; a product development R&D facility, technical support and marketing in Brisbane; the finance and IT departments in Gladstone Park; and a logistic and customer service office in the UK.

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Had a quick 7%+ run but back down to entry area. At support so will it bounce again or plunge :)

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Didn't do anything for a while so I exited the trade, but popped up again over the last few days. Will probably start to head back towards the middle BB, so caution ahead.

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Still heading the right way.

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Clover has had a great run, almost up 50% since we first looked at it at the $2.23 type mark. Looks like it might be compressing again to perhaps make another move.

zAngus

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zAngus

NOT TRADING ADVICE. ALWAYS DO YOUR OWN RESEARCH.

MY SITES:

FIND TRENDING STOCKS: HigherHighs.com/

FIND AND SET TRAILING STOPS: SuperTrail.io

TRADINGVIEW TIPS: YouTube.com/@zAngus

Also on: