Is $POET the next AI RUNNER?! 86% UPSIDENASDAQ:POET
A great looking H5 Setup that just needs a breakout!
Warning: High Risk/ High Reward Small Cap
-H5 indicator is GREEN
-Pennant breakout that needs a retest. Measured move is $6.13 which puts us to a breakout of the Cup&Handle!
-Williams Consolidation Box needs to create support and bounce in order to be live! A big pullback to retest the Pennant breakout then bounce would be a perfect area for an entry into this trade.
-Large Volume Shelf with nothing but SPACE above.
📏$6.13 🎯$7.75 📏$11
Not Financial Advice - NFA
Soundhound
$SOUN : WE ARE BREAKING THE SOUND BARRIER! I TOLD YOU LAST WEEK!NASDAQ:SOUN : WE ARE BREAKING THE SOUND BARRIER! I TRIED TO TELL YOU LAST WEEK.
Now you see why the video I posted on Sound Hound AI was TV's Editor's pick of the week!
We are just getting started, though, and now you see how well my "High Five Setup" works!
Almost 10% on the day bang! If your in this name with me show some love in the comments!
The chart shows price targets in Green and the measured moves!
Not financial advice.
$SOUN :Is Sound Hound AI the next small cap to SURGE?! 98% move!NASDAQ:SOUN
Is Sound Hound AI the next small cap to SURGE?!
I believe this stock is gearing up for a 98% move higher! So, let's dive into my video below, which talks about the NASDAQ:SOUN stock charting setup for a SURGE to the upside and how it meets my 5/5 trading setup! (My personal trading strategy)
Not financial advice.
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Comment what stock you want to see charting analysis on below.
SOUND HOUND AI $SOUN - 6/17 - THE STOCK GAUNTLET CONTINUES!⚔️🛡️ THE STOCK GAUNTLET CONTINUES! ⚔️🛡️
STOCK/ TRADE SETUP UPDATE: 6/17
6⃣ SOUND HOUND AI - NASDAQ:SOUN
Video Analysis:
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NFA #tradingstrategy #HIGHFIVESETUP
NASDAQ:SOUN
NASDAQ:SOUN
Sound Hound Ai is about to turn the volume up! 98% Move InboundNASDAQ:SOUN
🔊 NASDAQ:SOUN Update 🔊
We are 6/6 on earnings plays, and now we’ve got the #HIGHFIVESETUP on Sound Hound Ai! 🧠
Called this out a week or two ago, and if you stayed patient and ignored the noise, you had the chance to build your position during the retest of the symmetrical triangle breakout. Now, we’re geared up for a higher move heading into earnings next week.
Here’s what’s happening:
Pullback to the volume shelf and 9/21 EMA: We’re bouncing off, maintaining a higher low from the breakout point—bullish channel intact! 📈
HAMMER candle forming: This reversal candlestick signals a big move higher is on the horizon. 🔨💥
The jacuzzi is reaching that perfect temperature—are you hopping in or missing out? 🚀🌊
Check out the full video and original @TradingView editors' pick linked to this post.
LIKE IT! ♥️ SHARE IT! 🔁 BOOKMARK IT! 📘
NFA
SoundHound AI reports record revenue growth in Q2SoundHound AI Inc. has demonstrated a significant uptick in its financial performance with a strong Q2 earnings report , a testament to its economic stability. Sounhound AI not only posted record revenue, but also maintained a robust cash reserve, signalling healthy operational stamina and potential for further growth. This performance is underpinned by the promising prospects of expanding applications for its voice technology software.
In the last quarter, SoundHound AI's revenue surged 54% year-over-year to 13.5 million USD, while its GAAP gross margin stood at 63%. The company's total subscriptions and order book roughly doubled from the previous year. Despite these gains, SoundHound reported a net loss of 37.3 USD million or 0.11 USD per share. SoundHound's recent acquisition of Amélia, a firm specialising in conversational AI technologies, also positions it to venture into new sectors such as finance, insurance, and healthcare, promising further diversification and revenue streams.
Technical analysis of SoundHound AI Inc. (NASDAQ: SOUN)
Exploring potential trading opportunities based on the current technical landscape of SoundHound AI's stock:
Timeframe : Daily (D1)
Current trend : the stock shows a sideways channel formation with an emerging uptrend
Resistance level : 5.30 USD
Support level : 3.95 USD
Potential downtrend target : should a downtrend take hold, the downside target could be at 2.40 USD
Short-term target : if the uptrend gains momentum and the stock breaks through the resistance at 5.30 USD, a short-term target could be 6.45 USD
Medium-term target : with sustained positive movement, the stock price might target 7.95 USD
A strategic acquisition and the potential to enter new markets could significantly impact SoundHound AI's stock performance and valuation. Investors should monitor SoundHound AI closely, especially considering its proven ability to leverage its technological innovations in conversational AI across various industries.
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SoundHound Stock Surges 9% on Demand for AI Tools SoundHound ( NASDAQ:SOUN ) AI shares surged over 14% in late trading on Thursday after the company surpassed analysts' first-quarter revenue estimates and raised its full-year sales outlook amid growing demand for artificial intelligence (AI) speech recognition software. The Silicon Valley-based tech company reported revenue of $11.6 million for the three-month period ending March 31, up 73% from the prior year's corresponding quarter and comfortably ahead of the $10.1 million expected by analysts. However, the company posted an net loss of $33 million, or 12 cents a share, wider than the 9 cents per share loss consensus view.
Looking ahead, the company bumped up the lower end of its full-year revenue guidance and now expects the top line to range between $65 million to $77 million, up from its prior forecast of $63 million to $77 million. Wall Street had modeled annual net sales tallying $69.5 million. CEO Keyvan Mohajer said in the company's earnings statement that "Our first quarter sets the tone for 2024 as another year of strong growth for SoundHound ( NASDAQ:SOUN )." The company already has a number of partnerships across restaurants and automobile sectors for its voice AI assistant tools.
Although SoundHound ( NASDAQ:SOUN ) has a market capitalization of just $1.52 billion, it appeared on investors' radar this year after a regulatory filing revealed that AI chipmaker Nvidia (NVDA) had taken a stake in the company, holding 1.73 million shares as of the end of 2023.
Technical Outlook
SoundHound ( NASDAQ:SOUN ) stock is up 9% in Friday's Market trading as of the time of writing with a Relative Strength Index (RSI) of 56 which is prime for further gains in the near term. The stock's daily price charts show a "Cup or U-shaped pattern" in the long term.
Does this SOUND good?
NASDAQ:SOUN
After SoundHound Ai uptrend rally in Feb and Mar we are now seeing a slight break in the trendline. Enter at price targets: $5.16, $4.68, $4.11 (test at targets for retracements) hold for price to cross $5.71 (possible retracement due to investors selling positions), confirmation towards $7.64.
Protective Puts to Ride SpeculationOverview
SoundHound AI ( NASDAQ:SOUN ) doesn't appear to be fundamentally sound, however, its technicals support a potential spike to around $15.50. While the rest of the market also appears to be nearing a peak, there may be a few more weeks of squeezing which is where SOUN may find a second, yet short-lived, wind.
Fundamentals
SoundHound AI has experienced significant negative income the last three years. There was an increase in cash flow which appears to be from the solicitation of its company's shares. The company has also downsized by 40% which it annotates in the 10-K Annual Report for 2023. Overall, my impression is that SoundHound is struggling to find its balance and is shrinking. I believe that the only reason it has surged as it much as it has is due to the market's overwhelming interest in artificial intelligence.
Strategy
Unfortunately it's not enough to be right about the health of a company especially when the rest of the market is chasing a high. Despite SOUN's lack of a healthy fundamentals, I would not be surprised to see a spike to the 1.618 Fibonacci level. This gives me the desire to utilize protective puts in case the market euphoria ends sooner than expected.
🚀 SoundHound & NVIDIA's B200 Chip: Hold My Beer 🍻Buckle up, buttercup! Word on the street is SoundHound AI is about to drop some serious digits on us about their hands on the B200 AI chip, made with NVIDIA's magic dust.
The Playbook:
Morning Moves: Eyes on the prize at $7.01. If it rockets in the first 20min, I want to buy it. If not, might be a dud. Could nosedive to $6.
Whale Watching: Big fish were nibbling in the $3's pre-NVIDIA bombshell.
Insider Intel: Their director offloaded 100k at $7.12, still clutching 258k. Hmmm.
Stats for Nerds:
195M shares floating around.
108M trading hands on the average lately.
If they file an S-1 then pull the RIP cord
Why This Is Hotter Than Your Morning Coffee:
Brain Meets Brawn: SoundHound's been cooking up something with NVIDIA, and it ain't your grandma's AI chip. This thing's supposed to have more muscle than a gym bro in January.
Tech Tsunami: If the rumors pan out, we're talking about a tech quake that'll ripple through industries like a meme on Twitter. Fasten your seatbelts; it's gonna be a wild ride.
The Gist: Keep your eyes peeled. This ain't just another tech blip on your radar. It's the kind of news that gets our degenerate hearts racing and might just redefine the AI game.
Later, nerds.
How to Trade $SOUNSurpassing the trendline at around 5.5, SOUN has created a trend, from 3.47 and started retracing from 7.93.
So, it was a goodbuy on dips of few quantity at 6.23, 5.7, 5.17 and then to hold for this to cross 7.93 as the confirmation level towards 10.69.
FYI, i have invested and holding for seeing full targets achieved.
SoundHound AI $SOUN - Artificial Intelligence is on the rise!SoundHound AI - Everybody is talking about Artificial Intelligence (AI). The social media buzz is all about AI. The world is asking questions like: What are the possibilities? How far will AI go in its reach into day-to-day society? Meanwhile, AI stocks like NASDAQ:SOUN are becoming more and more popular. If SoundHound's stock price makes it to the $9.00 key zone, it will be 100% away from the all-time high. Can the media buzz propel SoundHound AI to new heights?
SOUN might be overbought and overvalued for a reversalSOUNDHound AI on the 15 minute on Wednesday 60 hours ago, broke out after a trend down to
begin the year. The tailwinds of the technology stock earnings and their tailwinds pushed hard.
SOUN broke out through the entire high volume area and then rose above it. Pretty much the
same from the lower aVWAP bands into the uppers after crossing over the mean line.
On the three indicators, RSI , MACD and the Chop index bearish diveragence is seen. This may
be an early reversal in progress but then again it might just be prudent traders liquidating to
take full or partial profits to close out the week. I am running full on this, I will watch the
price action early next week to determine a continuation vs a reversal. Relative volume
and relative volatility may show long traders closing with targets reached and shorts taking
their positions causing a pivot high of even a " long squeeze". Alerts and their notifications are
set on a 5-minute time frame to allow for some early warning. On the other hand it SOUN
can put out some higher decibels I may decide to look at the 2/16 options chain and chart
for an OTM call in the $2.5 or $3 range.
Pullback Buy in SOUNI started buying SOUN on a breakout above 3.35 two weeks ago. This was a classic breakout pattern with big volume on the advances and the stock was in the hottest group - AI. And shares surged 50% over the next 14 days.
I sold half my position at around 4.80. Since the stock topped just below the $5 mark back in February, this was likely to be a key resistance area and the SOUN pulled back as expected.
I added the rest of my position back on here at 4.15 on Wednesday.
If this rally is to continue, this seems like a likely bounce point. Not only is this a high volume node on the volume profile where the most trading has occurred since the breakout, it is also sitting on the 10-day EMA.
This represents a 20% pullback from last week's highs, and I would like to see buyers step in here if this stock is truly under accumulation. I do not expect to see SOUN go below 4.00. If shares break below 3.90, I will likely begin exiting my position.
If you do not own the stock, this is a decent place to buy in on a pullback. If you bought the breakout, however, this is a way to "press" the trade and risk some of your profits to see if this can be a monster win.
Breakout Trade in SOUNI’ve had my eye on this stock for months.
SoundHound is smaller, off-the-radar AI stock. The company owns several patents involving voice-recognition technology.
If you drive a Dodge, Chrysler, Jeep, Hyundai, Kia, Honda or Mercedes-Benz, you are probably using their software already.
HOUN ripped higher to start the year, but it got overcooked and settled back in the $3 range.
It has been forming a base for the last four months with resistance near $3.35, and the stock is now trying to breakout higher.
Notice how the volume bars mimic the action from the price candles. Volume climbs as the stock moves higher and declines as price comes down.
This is exactly what we want to see. It shows the aggressive action is on the buy side and bulls are in charge.
I want to see this stock stay above $3.25 and remain above the base. Traders may consider buying on a pullback into the $3.50-$4.00 area.
SOUNDHOUND SOUNHi Folks,
SOUNDHOUND SOUN presents a quite interesting chart pattern.
• A big move in the past 1-3 months anywhere from 30%-100% the rally last for a few days to weeks.
• Stock is above ema 200
• Orderly consolidation with higher lows & tightening range:
• RDM, VCP
• Stocks surfs the rising EMA 10 or the EMA 20, and sometimes the EMA 50
• Volumes are significative compared to previous phase
• Volumes dry up at the end of the consolidation
• Volumes are strong during the breakout
• ADR is high
Does it also "Sounds" good to you ?