Inverse H&S Shoulder Pattern Based upon the volume profile, AI's stock has been in basing stage since March. An Inverse H&S has been forming since late March and the right shoulder is starting to form. According to standard technical analysis, it is only confirmed upon a break above the neckline however, the neckline is 13 points away.
I would much rather accumulate AI here considering if the pattern plays out my risk:reward is 1:5. Let me know what you think.
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AI trade ideas
$AI wave 3 setupI said I wasn't going to take anymore plays, but this one is literally gold.
Haven't seen a setup this clean in months!
I believe that AI has finished Wave 2, and is about to start a Wave 3 impulse.
Wave 3 target = $124
Wave 5 target = unknown (don't wanna look too far into the future)
AI Bullish Ascending TriangleAI looks to have formed an ascending triangle, it has also crossed through the 50 EMA (which can act as an area of support later), and has bullish MACD momentum as well on the daily chart.
Over the last month the stock has formed higher-lows, it looks to retest an area it failed to break, the $70 resistance level that has held for the past few months.
In order for this analysis to be valid the stock must break through the ascending triangle pattern and see a push upward.
AI (C3 AI inc) bullish caseAI chart looks good long term.Stock is at 69.95 and plenty of room above with lots of gaps to fill. Broke downtrend and all technicals pointing up (bullish divergence on the daily chart, MacD cross over +, stochastic bottomed late March and creating higher lows, vol osc has been going up since late March)
$AI Set To SoarC3 AI is a leading enterprise AI software provider for accelerating digital transformation. The proven C3 AI Suite provides comprehensive services to build enterprise-scale AI applications more efficiently and cost-effectively than alternative approaches. The C3 AI Suite supports the value chain in any industry with prebuilt, configurable, high-value AI applications for predictive maintenance, fraud detection, sensor network health, supply network optimization, energy management, anti-money laundering, and customer engagement. This company could easily be breaking ATH's in less than a year. Outstanding long-term play. Good Luck!
Bottom FishingIf D is D hten AI has possibly bottomed. Possible double bottom if no more bottoms are in the cards for AI. Hard one because unless this is the bottom, then there is no history underneath. Feels like grasping at straws and looking for a bottom. I just think this is worth a bit more than this. But that is my opinion and we all have one.
Appears to have been a butterfly pattern although D overshot the 1.27 by a couple of dollars.
One thing I have learned about Mr Market, he does not always stick to rules like we have to do!
Not a recommendataion.
Harmonic patterns often appear as double tops. And they are as it is best to get out at that second top because the last leg can take you to a dark place )o:
Negative volume has not kicked in on daily. On lower time frames NV is high.