C3.ai, Bearish Trend ContinuesOnce again I hate to be the Bearer of bad news but I'm not seeing anything good on the C3.ai Chart. I've tried to map out the most basic indicators so that you're able to see what I see. In fact what I see is that the Bearish Trend has been gaining strength if anything. For 20 days now it has been trading below the 7 day EMA and well below the 50 day ema. We have negative signals all over and the Money Flow Index as well as the TSI are both very negative with no reversal in the near term. I believe that with the current trend and today's Bearish Engulfing Candle along with trading volume at double of what your normal day is of 10 million shares that the potential for C3.ai to break through the bottom trend line of the Bear Channel they're in (since the middle of June) is very real with my price target shown on the chart at $23.68
The only immediate Potential Support is that after today's candle it's resting on the 200 day EMA, but that's not much to go on.
1C3 trade ideas
C3 ready to $82(131%)My reading is:
1- Primary : it is in the 3rd Elliott wave
2- Minor : finished the 1st wave of the primary 3rd
finished the 2nd wave of the primary 3rd
Forecasting :
Conservatively : it may go to the upper bound of the channel $82 (131%)
Unconservative : it may extends to the 1.61% Fibonacci around $150 (330%)
Notice: watch for the earning announcement on the 6th of Sept
The information is not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendation.
Complex pullback in C3.AI stock!On Monday, the bulls returned to the C3.ai stock following the signing of a new contract with a significant branch of the American military.
This development sent the share price of the AI specialist rocketing more than 8% higher so far this week, outperforming the week’s 1% increase in the S&P 500 index.
You can now spot a spring pattern after what Lance Beggs would describe as a complex double-swing pullback .
A daily close above $32 should be the beginning of a new rally to $48.
C3.ai, Near Pre-Earnings BottomRight now there is more Negative or Bearish Signals dominating the chart than Bullish signals but the next couple of days could be pivitol for a short term reversal with a potential spike lower to $31.00. Earnings are 2 weeks away and with any Positive Earnings News causing Bullish Momentum the possible top is $39.00. That would be an $8.00 swing for a potential 25% gain.
AI | InformativeNYSE:AI
The bearish line is identified at 37, which may indicate a bearish signal and potential downward price movement. In this scenario, the target prices could be set at 36.43, 35.60, 33.82, and 32.05.
*In addition to the provided information, I have observed three black crown candlesticks, which typically signify a bearish pattern. Furthermore, on the 1-hour chart, the price is in close proximity to the support of the EMA200, located at 36.99. These factors further support a bearish outlook for AI.
C3.AI stocks suppressed by the 1.618 level of the golden sectionC3.AI stocks suppressed by the 1.618 level of the golden section
This chart shows the weekly candle chart of C3. AI stocks for the past year. The graph overlays the low point at the end of 2022 against the golden section. As shown in the figure, the high points of C3.AI stocks at the end of May and July were precisely suppressed by the 1.618 level of the golden section in the figure, while the high point in June almost touched the short start level in November 2021! So for a period of time in the future, the probability of C3. AI stocks will probably rise again against the 0.618 to 0.809 positions in the golden section of the pullback chart!
Last stand of this being an ImpulseIm almost in disbelief that we will see a wave 3 forming from this suggested wave 1.
wave 2 way too deep. I would have to wait and see the further developement. I think that we might see lower prices so therefore , i would have to change the count.
But not just yet.
Last stand
AI is showing bullish momentumI like the short-term price action on this one. Looking at the 4hr chart, I see that a trading range has developed. The trading range shows higher lows and higher highs. That is the foundation of an uptrend. Within that uptrend on the 10min chart, I see that an ascending triangle is formed. Ascending triangles are characterized by flat tops and rising lows. It shows that buyers are getting more aggressive and sellers remain stagnant. Eventually, the buyers should surpass the sellers. A break of the ascending triangle gives me confidence that the uptrend will continue to the upper end of the range. There has also been a heavy amount of call option buying and put option writing which suggests that institutions may want to take this higher as well. I am watching the following levels closely...
Entry above 42
Stop below 40
Target1 44
Target2 47
$AI to $65NYSE:AI - One I have been watching for a while.
Purchased this stock at $15.59 and still holding.
I am going to re-enter some options as I am expecting a bullish continuation to at least $65 before a significant retracement.
Wave 3 Target: $56
Wave 5 (Final) Target: $65
Options idea: $50 strike with 1st September 2023 expiry with 10% SL. Currently contracts are price at $320.
We need green to holdCurrently Pfork is holding.
Even tho, little red retracement is possible and it is not the end of the world, i would like to keep these levels and not drop further.
Dropping out of pfork or under the orange (2) would make my count invalid. And there will be a lot of sadness between the AI world.
C3.ai, Mixed Signals, Breakout Either WaySo in looking at the Chart for C3.ai it appears that it may be setup for a breakout from a Pennant or Flag Formation. My take is that the Flag pole took too many days to form and so rather than Breakout in a Bullish Continuation trend to $69.00 it is more likely to break down to around $28.00. The volume on the Breakout and the direction will tell you what the expectation is so get set to either jump back in with a Long Position or Short It as it breaks down.
Bullish Pennant on daily. Good setup AI- Monday 7/17/23
Previous close Friday at 37.23
Current Premarket level at 38.00- 2:40am Cali time
Bullish Pennant on daily
First support 3 bounces at 31.30
Resistance at 37.40
Old resistance now support huge consolidation 3 times now at 37.40 level
Bounced off mid channel support
Looking good for calls as of now
Bullish Pennant on Daily time frame? $AIAfter studying patterns this looks pretty clear like a bullish pennant on the daily. Right now AI is at about 38 pre market which seems like a solid level as well as 37.50 for support. Orange is up white is down. After seeing the previous high then down to 37 then back to fifty it is now back to 37 which seems to be that support where it bounced last time to 50. Could this be the same setup where we finally see 45+ again. Let me know
AI Fibonacci Trading And Price ActionSetting up the Fibonacci price cluster and support-resistance, I have used Gartley's model to select analytical fluctuations.
I will set up an entry at three points like the one in the picture and have a stop loss setup.
Let's see how the price will run. Stocks and Stock CFDs are quite respectful of Fibonacci ratios because most of this type of trading is done by humans and not through algorithms like other markets.
#AI Big Neutral Option Position + Range10-Jul-23 found big straddle (neutral position) on #AI at AMEX: notional value $5.0M + range movement. Therefore, we expect buy activity at the support level or sell activity at the resistance.
We primarily consider indicated levels to be activity zones, but not to be a super-fine level for establishing a limit order.
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AI | InformativeNYSE:AI
Technical Analysis for AI:
If AI breaks above the bullish line of $42.19, it may indicate a bullish signal, suggesting potential upward price movement. In this scenario, the target price (TP) could be set at $46.34.
Conversely, if AI breaks below the bearish line of $36.18, it may suggest a bearish signal, implying potential downward price movement. In this case, the target price (TP) could be set at $31.49.