We all know that the fundamental momentum behind the A.I. sector has been broken (at least for the moment) with this whole DeepSeek debacle, and in my view, this
SOUN chart has the bearish characteristics to match. ๐ถ๐๐
We've got head and shoulders patterns upon head and shoulders patterns! I think that this short term H&S takes
SOUN to $12.50 in the days ahead, with this macro H&S taking us down to $10.25 by mid-February. The long term H&S definitely isn't textbook, but that target also aligns with
SOUN 's prior high from March of 2024 that has yet to be re-tested. You know the drill, prior ceilings = new floors, and this prior resistance is/ was too critical not to be re-tested as new support. ๐๐ปโโ๏ธ๐โ๏ธ
I know that I've got a sizable put position on deck! ๐๐ผ๐ฐโ๏ธ
We've got head and shoulders patterns upon head and shoulders patterns! I think that this short term H&S takes
I know that I've got a sizable put position on deck! ๐๐ผ๐ฐโ๏ธ
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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 supplied or endorsed by TradingView. Read more in the Terms of Use.