Long

CLOV - SPACs are dead, but could this come back as a zombie?

I like how well the range has been last few weeks. Despite huge sell-off in the growth names, this one has found bids.
Personally, I am not a big fan of microcaps, but this one has my attention because of the business. Insurance names have reported big ERs and look strong. This is a new company trying to carve a niche in that space.
Chart is setting up head and shoulder pattern. Breakdown below 1.97 could be ugly, yet volume profile doesn't indicate imminent breakdown.
No reason to be bagholder by buying here. Watch for fake breakdown pattern before jumping in.

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