2023.6.1 Will the stock price of C3.ai weaken in three weeks?2023.6.1 Will the stock price of C3.ai weaken in three weeks?
This chart shows the weekly candle chart of C3. ai's stock from its listing at the end of 2020 until now. The graph overlays the lines between the highs and lows of the past two years, the lines between the lows and lows, and the horizontal line of the strongest pressure level closest to the current stock price! As shown in the figure, the stock price of C3.ai began to rise in early May 2023 and has been closing positive for 5 consecutive weeks. After breaking through multiple pressure levels, it showed a standard form of releasing momentum by jumping short and opening high this week! In the next three weeks, there is a high probability that the rise of C3.ai will come to an end, retreat from the starting position of bearish positions in early April of this year, and then choose a new direction to break through!
AI
AI C3.ai Options Ahead of EarningsAnalyzing the options chain of AI prior to the earnings report this week,
I would consider purchasing the 35usd strike price Calls with
an expiration date of 2023-7-21,
for a premium of approximately $6.20.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
SNOW pulls bak on Earnings Discount SaleSNOW on the daily chart pulled back from decent earnings to in a massive bearish candle down
into its intermediate-term fair value zone near to the mean anchored VWAP and the POC line
of the volume profile. It is entirely possible that many traders sold SNOW at its highs when
they got FOMO over NVDA and needed to free capital to get more cash in their accounts
after buying NVDA . This could have easily helped SNOW go down despite decent earnings.
No matter if SNOW is on sale, I will buy it now setting a stop loss @ $145.00 and watch for
a Fibonacci-style retracement halfway back to the Pirvot high from which it fell for a first
the target of $ 170, a second of $180 ( one third of the position for each) and the final at
$170. In the meanwhile, I have a position on NVDA to play a possible drop.
AI is the meme of 2023. This is $AI stock. SimpleWith only a 3 billion market cap this stock has potential to rocket from retail money. Love the ticker. This stock has already had a huge rally this year and I expect it to continue and become a new meme stock of sorts, fueled by hype for the AI sector. Target is 109, the price it reached on it's IPO day.
Bitcoin Forecast Sunny🌞 (Clear: 100.0 %)🌞 Bitcoin Weather Report 🌞
Current Bitcoin Chart Index (Past Hour):
Open: 26900 📈
High: 26973 📈
Low: 26826 📉
Volume: 18950 📊
Close: 26929 📈
ema9: 27057 📈
ema21: 27248 📈
ema50: 27429 📈
ema100: 27385 📈
ema200: 27240 📈
rsi: 27 📉
fast_k: 12 📉
slow_k: 13 📉
slow_d: 16 📉
macd: -259 📉
🔍 Analysis:
Based on the Bitcoin chart index for the past hour, we observe a generally positive trend. The opening and closing prices have both shown an upward movement, indicating potential bullish sentiment. The exponential moving averages (ema9, ema21, ema50, ema100, and ema200) are all trending upwards, further supporting the positive outlook. The volume is moderate, indicating a healthy level of market activity.
However, it's important to note that the Relative Strength Index (RSI) is at 27, which suggests some bearish pressure. The fast_k, slow_k, and slow_d indicators also indicate a decline in momentum. Additionally, the Moving Average Convergence Divergence (MACD) is negative, signifying a potential bearish signal.
⚖️ Conclusion:
Considering the overall picture, while there are some signs of bearish pressure, the positive indicators outweigh the negative ones. Therefore, with a confidence level of 1.0 (greater than the baseline of 0.864), the weather in the Bitcoin world is forecasted to be sunny ☀️. However, it's essential to stay vigilant and monitor the market closely, as conditions can change rapidly in the volatile world of cryptocurrencies.
Why is no one talking about this in nvdia shares? 😤 Recently, everyone is talking about AI.
This irection is really promising and this is the future.
But stock prices associated with this direction are already highly inflated.
For example, take NVDIA ( NASDAQ:NVDA ).
Multiplier P/E ~208 (at a rate of 20-30).
Multiplier P/S ~ 37 (at a rate of 3-5).
Now people don't care that they are buying a business at 10 times the normal value.
But it will take a little time and there will be sobering.
Now NVDIA stock is at an all-time high.
Beginners love to buy on highs.
When someone is buying, someone is selling.
And now large funds and insiders are selling the stock for millions of dollars.
The stock is heavily overbought and no longer has much potential for growth, in the coming months it will fall.
Now AI is about the growth of Big Tech shares, which have already grown by + 50+70% since the beginning of this year! It's a lot.
For example, Apple is generally ~4-5% of its historical maximum 😱
In context of incoming data, we see that conditions in world's economies are destroying, which means that IT sector will not be able to pull market for a long time and will go into correction. Sp500 will also go down accordingly.
And this means that the hype around AI will soon cool down ♨️
Don't buy shares now.
AI - Rising Trend Channel [MID TERM]🔹AI shows strong development within a rising trend channel in the medium long term.
🔹AI has broken a resistance level and given a positive signal for the long-term trading range.
🔹There is no resistance in the price chart and further rise is indicated.
🔹In case of a negative reaction, the stock has support at approximately 34.
🔹RSI is above 70 after a good price increase the past weeks.
🔹Overall assessed as technically positive for the medium long term.
Chart Pattern;
🔹DT - Double Top | BEARISH | 🔴
🔹DB - Double Bottom | BULLISH | 🟢
🔹HNS - Head & Shoulder | BEARISH | 🔴
🔹REC - Rectangle | 🔵
🔹iHNS - inverse head & Shoulder | BULLISH | 🟢
Verify it first and believe later.
WavePoint ❤️
Artificial Intelligence (AI) play on the verge of a breakout- Increasing volume/accumulation
- Hot sector (AI)
- Upcoming catalysts
VANCOUVER, BC, May 12, 2023 (GLOBE NEWSWIRE) -- Nextgen Food Robotics (NEO: NGRB OTC: NGRBF) is pleased to announce that it is making significant progress on the development of its proprietary “Lily” app.
Nextgen anticipates that the app will be completed in the next 60 days and at that time will be potentially connected to 10,000 restaurants and grocery stores.
Nextgen Food Robotics AI powered super app codenamed "Lily" could revolutionize the way people order food and grocery shop. "Lily" uses natural language processing to create humanlike conversational dialogue allowing the app to learn users behavior. "Lily" is being built with its own AI language processor and will not be required to link into ChatGpt for natural language implementation or data points.
AI, coming to lifeIf you find this info inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!
In since $21.
Taking some off here and looking for a retrace to add.
At some previous consolidation now,
break this and $42 is the next congested area.
Hype can send this, hype has sent many things...that eventually came crashing down...
Cheers!
A Deep Dive into NVIDIA's $960B Success Beginning their journey in a modest Denny's, Nvidia has skyrocketed to become a dominant force in the technology industry. Outshining major tech players, Nvidia's $960 billion market cap now overshadows Facebook ($665B), Tesla ($618B), and Netflix ($168B). It's their monumental growth that solidifies our confident and long-standing endorsement of Nvidia.
Nvidia's Game-Changing Invention: The GPU
Back in 1999, Nvidia transformed the technology landscape by introducing the world to the graphics processing unit (GPU). Their GeForce series swiftly emerged as a crucial asset for PC and console games requiring advanced graphics.
Elevating GPU Programming: The Launch of CUDA Computing Platform
Nvidia didn't halt their innovation at GPUs. In 2007, they unveiled the CUDA computing platform, which revolutionized GPU programming and led AI enthusiasts towards Nvidia's superior technology.
A Nvidia representative noted, "We acknowledged early that accelerated computing was necessary to address the world's most pressing issues. Thus, we committed to crafting CUDA in its entirety, thereby bestowing millions of developers with the capability of general-purpose acceleration."
GPUs & Generative AI: A Perfect Pair
GPUs, as it turns out, are ideal for the rigorous data processing and model training needs of generative AI. Nvidia stands unrivalled in providing large memory chips, with their top-tier A100 series costing $10K each.
Envisioning a CPU to Gen AI Shift: CEO Jensen Huang's Market Forecast
Nvidia's CEO Jensen Huang anticipates a substantial shift in the trillion-dollar data center market: "Historically, data centers globally were 100% CPU-based. However, I predict that in the next 5-10 years, a large portion of this $1 trillion market will be dominated by gen AI."
With the tech gold rush in full swing, Nvidia's GPUs are shaping up to be the most lucrative 'shovels' ever seen.
Our unwavering support for Nvidia from the outset is a testament to their relentless innovation, risk-taking prowess, and strategic brilliance. They're not merely reshaping the future of technology; they are a shining example of the transformative power that aligns ambition, vision, and action.
$QQQ Outlook 05/30 - 06/02The tech sector is on a tear. NASDAQ:NVDA earnings set the tone last week and the AI craze is on. NASDAQ:QQQ had a bullish week, closing up +3.53%, bringing it up +8.76% on the month. Strong earnings, job cuts, and developments in AI technology has sent the sector higher.
Technical Analysis: The last two weeks saw NASDAQ:QQQ break out of the rising wedge we were watching. Last week’s high signaled a test of a bullish channel. This channel uses the same uptrend support line we’ve been watching since the beginning of March. We are looking to see if this continues higher, or if the channel resistance is respected.
My general lean for this week is bullish, although after last week’s incredible run, I do expect a bit of a retrace before we head higher. A healthy pullback is due so we can continue to move up this channel. I would be bullish if price action can continue to hold above last week’s close of 348.40.
Bear case if we can break below last week’s open at 336.25. I’d expect a bounce here as it is in the golden pocket (0.618 retrace would be 337.08), but if we cannot hold this level, we could target the gap to fill below down to 332.91 which would invalidate the golden pocket.
Upside Targets: 348.40 → 349.25 → 350.72 → 352.46 → 354.43 Extended: 356.78
Downside Targets: 346.38 → 344.57 → 341.31 → 338.19 → 336.25 Extended: 334.35
$SPY Outlook 05/30 - 06/02With a tentative agreement to raise the debt ceiling reached over the weekend, we now look to see how the markets react when it is voted on later this week.
Technical Analysis: The megaphone pattern we’ve been watching all month is still in play. We also have the macro uptrend line that we have not tested since March.
My general lean for this week is bullish. Bulls will want AMEX:SPY to hold above last week’s open at 418.64. Barring any additional news, I’m expecting us to fill the gap above to 420.77 - 421.22 when markets open on Tuesday. I do see a 15 minute Fair Value Gap around last week’s open at 418.64 where we could potentially form a support base before we head higher into the 423-425 range.
Although I can see the market moving higher in the short term, I’d expect some corrective action in the coming weeks.
Bear case if we fail to hold the 418.64 level, we could potentially retrace to the 0.618 fib at 414.04. Should we invalidate a golden pocket bounce, our next support zone would be the daily gap under the 50 SMA from 409.87- 407.27.
Under this… megaphone plays out and we test the macro support trendline.
Upside Targets: 420.77 → 421.22 → 421.97 → 422.82 → 423.54 Extended: 425.26
Downside Targets: 418.64 → 417.30 → 416.25 → 414.94 → 414.15 Extended: 408.87
AI Shaping the Market Landscape of 2030-sDear @TradingView ,
Today, I would like to share some observations regarding the S&P Composite index that highlight a repeatable market cycle. It is evident that this cycle consists of a 30-20 year period of Economic Growth, followed by a subsequent phase of 15-10 years characterized by Downturn or Sideways movement. By examining the historical data, we can identify patterns that shed light on the cyclical nature of the market.
Throughout history, the market has experienced periods of significant economic expansion, often driven by transformative inventions and advancements. These innovations, such as sailing, engines, railroads, electricity, medicine, computers, the internet, smartphones, fertilizer, and artificial intelligence, have played pivotal roles in shaping positive market trends. Each breakthrough has had a profound impact on various industries, driving productivity, and spurring economic growth.
Sailing: Pioneering Global Trade (Timeline: Ancient Times)
Sailing, one of humanity's earliest inventions, opened up new avenues for exploration and trade. The ability to traverse vast distances by sea connected civilizations, facilitated the exchange of goods, and laid the foundation for early economic systems.
Engines: Powering Industrial Revolution (Timeline: 18th-19th Century)
The invention of steam engines during the Industrial Revolution revolutionized manufacturing and transportation. Steam-powered engines enabled the mass production of goods and led to the creation of railways, powering economic growth and fostering global trade networks.
Railroads: Connecting Nations (Timeline: 19th Century)
The advent of railroads marked a monumental shift in transportation. The construction of railway networks facilitated efficient movement of goods and people, enabling rapid industrialization and spurring economic development across continents.
Fertilizer: Revolutionizing Agriculture (Timeline: 19th Century)
The development and widespread use of fertilizers marked a significant turning point in agricultural practices. During the 19th century, scientists discovered the importance of essential nutrients for plant growth. The invention of chemical fertilizers allowed farmers to replenish soil nutrients, thereby increasing crop yields and transforming agricultural productivity. The widespread adoption of fertilizers revolutionized global food production, ensuring food security and supporting population growth.
Electricity: Illuminating a New Era (Timeline: Late 19th Century)
The discovery and harnessing of electricity ushered in a new era of innovation and productivity. Electric power revolutionized industries, enabling the mass production of consumer goods, while also transforming communication and lighting systems, contributing to economic growth.
Medicine: Advancing Healthcare (Timeline: 20th Century)
Medical advancements, such as vaccines, antibiotics, and improved surgical techniques, have significantly improved public health and increased life expectancy. These breakthroughs not only saved lives but also led to increased productivity and economic stability.
Computers: Automation and Digital Revolution (Timeline: 20th Century)
The invention of computers and subsequent advancements in computing technology revolutionized the way we work, communicate, and process information. Automation, data analysis, and improved efficiency in various sectors led to increased productivity and the emergence of new industries.
The Internet: Global Connectivity (Timeline: Late 20th Century)
The internet, a transformative invention of the late 20th century, connected the world in an unprecedented manner. It facilitated the exchange of information, enabled e-commerce, and transformed communication. The internet played a pivotal role in the emergence of new business models and industries, driving market growth.
Smartphones: Empowering Connectivity (Timeline: 21st Century)
Smartphones revolutionized the way we access information, communicate, and interact with the world. These handheld devices amalgamated various technologies, such as internet connectivity, computing power, and applications, making them indispensable tools for personal and business use. The widespread adoption of smartphones led to significant advancements in mobile technology and transformed industries such as e-commerce, social media, and digital entertainment.
Artificial Intelligence (AI): Shaping the Future (Timeline: Present)
Artificial intelligence has emerged as a game-changer in recent years, with applications spanning across industries. AI algorithms and machine learning techniques are driving automation, data analysis, and predictive capabilities, enhancing productivity and enabling the development of innovative solutions. AI continues to revolutionize industries such as writing, coding, finance, security, manufacturing, and transportation, driving market growth and shaping the future of various sectors.
Throughout history, transformative inventions and advancements have played crucial roles in shaping the market landscape. The S&P Composite index serves as a valuable tool to gauge market performance and track these cycles over time. By analyzing the historical movements of the index, we can observe the repetitive pattern of prolonged Economic Growth, typically spanning around 30-20 years. During this phase, the market experiences upward trends driven by innovation, increasing productivity, and expanding global trade.
However, it is important to recognize that these periods of growth are not indefinite. As history has shown, there comes a point when the market enters a phase of Downturn or Sideways movement, lasting approximately 15-10 years. This phase is characterized by market corrections, global wars, economic recessions, or periods of depression, where the market may exhibit increased volatility and limited overall growth.
Sincerely
Artem Shevelev
NVDA TSLA MSFT GOOGL AAPL AMZN | Support & Resistance Guide- Support & Resistance guide for all 6 big tech stocks NVDA TSLA MSFT GOOGL AAPL AMZN
- psychological 1 trillion dollar level for NVDA 405
- TSLA wedge pattern still in play
- zero red flags on the chart for MSFT and AMZN need hourly downtrends to confirm for any signs of bears
NXPI Semiconductors: Bullish ABCD BAMM ProjectionNXPI is trading within a weekly consolidation structure that appears to be bottoming out and preparing to make at least an 0.886 retrace, and recently it has formed a Bull Flag and it has also confirmed Hidden Bullish Divergence on the Monthly with a MACD Bullish crossing.
Out of all the big chip suppliers, NXPI is one that has yet to make any crazy moves up and is still trading within a value area, but that likely wont last long as it catches up with the rest of the sector as it is an active supplier within the sector.
Number Protocol is very Enticing NUM coin (Number Protocol) is definitely one to keep an eye on and or invest in as it's worth a lot more I think
From their website: "We are an open and decentralized network designed to ensure provenance for all types of creative works created by humans & AI
By making digital media traceable and verifiable, we are able to address critical issues in the digital media space, namely misinformation, copyright and royalty distribution"
It has usage and today it's been on fire Volume is up like 80% - MACD crossed Signal Line - trading above Moving Average - Up-trend via Daily chart (supertrend)
All good positive signs!
🔥 FET Bullish Divergence: Huge Upside PotentialFET was one of the major winners of the first few months of 2023, but has been severely lacking over the last months. However, after FET reached daily oversold levels on the RSI recently, it caught my attention.
At the moment I'm seeing a strong bullish divergence on the chart, which could be an indication of a reversal. I'm waiting for the price to close above the 0.266 levels, since it seems like a strong resistance. Once we're above there, we can look for long opportunities.
Risk-averse traders might want to take partial profits at 0.285 and 0.345, or even move the stop to break even at the very least.
$OCEAN road to $0.8MIL:OCEAN has been strong this year and now it looks ready to make another leg from breaking out on this daily Descending Triangle Consolidation which is looks like a Uptrend continuation.
Break above the resistance of this triangle then will surely get the price target of $0.8
Else, if breakdown the support of this triangle with a closing below on X icon on the chart. then it is invalidated...
Trade responsibly!