C3.AI This Golden Cross is preparing something big.
It's been almost 3 months since we last looked into C3.ai (AI) where (May 10, see chart below) we called for a but that easily hit its 29.00 Target:
The price rose even higher but now finds itself considerably lower (as with the rest of the market) within the long-term Channel Down. Last month though, the stock formed its first 1D Golden Cross since February 23 2023, which may be an early indication of a bullish break-out.
That early 2023 (Jan - Apr) fractal shows that after the post-1D Golden Cross peak, the correction that was completed on the 0.5 Fibonacci retracement level gave way to a strong rebound towards the 1.5 Fib extension. As a result, our medium-term Target on this is $42.00.
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The price rose even higher but now finds itself considerably lower (as with the rest of the market) within the long-term Channel Down. Last month though, the stock formed its first 1D Golden Cross since February 23 2023, which may be an early indication of a bullish break-out.
That early 2023 (Jan - Apr) fractal shows that after the post-1D Golden Cross peak, the correction that was completed on the 0.5 Fibonacci retracement level gave way to a strong rebound towards the 1.5 Fib extension. As a result, our medium-term Target on this is $42.00.
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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