C3 AI's strong support level holding My thoughts on C3 AI is that we are in for a correction soon to the upside. We have been in a sideways market for a few weeks and I strongly believe the break further to the downside would have happen already. But due to interest rates staying the same and next year being the ultimate interest rate cut year there is a lot of upside for the whole stock market not just C3 AI. I am long on this stock because it has a lot of value in this kind of market condition. But let's be real AI is the new kid on the block and one thing we know about new kids on the block is they get pumped by retail investors causing large corporations to cover shorts lol. Let's also be more real you can already see that the shorts have been covering since the last pump this stock did they are scared. But do your own homework and when this stock hits $150 let's grab a drink cheers.
AI trade ideas
AI TASignificant Support Levels: AI stock is currently interacting with a pivotal support zone, marked by repeated tests throughout the year. The ongoing fourth retest underscores the crucial nature of this level and implies a powerful corrective force in play.
Fibonacci Confluence: This support aligns seamlessly with the Fibonacci retracement level at $23.60, amplifying its importance. Such confluence between different technical indicators often suggests a heightened level of market attention.
Short-Term Momentum: The price is facing downward pressure from the 5-day moving average, indicating that short-term momentum is skewed towards the bears.
Key Psychological Barriers: It’s crucial to note the $20 price point, a round number that traders often regard as a psychological threshold. Such levels can trigger stronger market reactions.
Potential Trading Scenarios:
Bearish Outlook : Should the stock break below the highlighted support, it might seek the previous consolidation low around $20.64, closely aligning with the $20 psychological level. Whole number often times presents a significant point of emotions.
Bullish Strategy: If the stock finds substantial support near $20.6, this zone could present a compelling opportunity for long positions. Conversely, a short play targeting the $21 region offers a potential downside of approximately 10%.
C3 ai is going to zeroStudying charts and fundamentals over in the past. I've seen this before. Post IPO drop and 1 pump then to zero. The company hasn't posted a profit yet. Revenue hasn't broken 100 million. In an industry such as AI and companies with billions in competitive advantage. It's looking like C3 ai days as a publicly traded company are coming to an end. As well as one of the highest short interests. Save your money.
C3.ai Remains WeakJust looking at ai for the first time in weeks and it's trading as expected. May even hit $19.00 because as at Friday the 50 and 200 day EMA's have converged and if the 50 completes a bearish cross of the 200 my target is highly likely though it could have a small bounce at $21.00 The MFI is showing Neutral and the TSI remains weak. As well since September 7th the overall all price trend has remained below the 7day EMA. I'm really not seeing anything Bullish at this time that says it may turn around.
AI - WaitingIn my opinion there is an important weekly support at 20.30 maybe we're going to retest it, And in the same time I see Anti-Alternate Shark harmonic pattern is going to be valid in the same point. So that going to be my entry point for call, and we can update after we reach that level and the pattern is valid.
AI Holding the 1D MA200. Most optimal buy entry.C3.AI (AI) has been trading within a Channel Up pattern since the December 28 2022 market bottom. The previous Higher Low was priced while it was testing (and holding) the 1D MA200 (orange trend-line). This is the exact situation we have now, with the stoch trading at the bottom (Higher Lows trend-line) of the pattern, holding the 1D MA200 as Support. At the same time, the 4H RSI is showcasing a Bullish Divergence, being on Higher Lows while the price is on Lower Lows.
As a result, this is the most optimal buy entry, and as long as the price trades within the Channel Up, we will target $72.00 (+180% rise).
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C3.AI - A Highly Volatile Fade With A Big RewardWhether you like it or not, the AI pump, even though it lasted for four months, has come to an end, because "artificial" has never been much of a compliment in the first place.
Consider this:
Artificial butter is called "margarine" and if you use it in pastries in France you'll go to prison
Artificial milk is called "soy drink" and if you drink it then you'll get hormonal problems.
An artificial bed is called a "couch" and you only sleep on it when you did something stupid and hurt your wife's feelings or have become poor.
Regardless, C3.AI, just like Docusign, shows curious signs that it should rally and be a big bagger in the future, but the timing for it to do the go train doesn't make sense at present.
I outline Docusign here:
Docusign - In Theory, A Long-term Technical Multibagger
for C3.AI, the evidence is made the most clear on the monthly bars, which is the big gear that dominates all the smaller time frames anyways.
The point is this:
1. All price action in the four month pump was simply retracing a mid-2021 gap down liquidity void, as evidenced by the bodies of the candles and the move away from the level.
2. The big "omg ChatGPT" pump candle from May, which formed an outside reversal bar, has had the 50% level traded through on two monthly bars
3. The May low of $16.79 is still higher (and meaningfully so on a % basis) than the $13.37 level, which amounted to little more than a stop raid during the 2022 lows
4. These numbers and ranges are enormous in magnitude, but C3 is a very, very volatile stock and only worth $3.16 billion at current levels
5. The same idea for an upside gap play exists at $90, and a strong Q4 rally is extremely possible.
So, let's say that the market makers are willing to take price on a 300%+ moon mission. Let me ask you a question, is it very likely that this will happen before, or after, some sort of manipulation to the downside that shakes out weak hands?
The answer is obvious, and so the target is circa $15 in the remaining portion of September and/or October.
The problem with going long the bottoms on the pump thesis is that the situation in Mainland China with the Spectre of Communism controlling the "Chinese" Communist Party is that the CCP is about to fall.
The Yuan is in rough shape, property developers and commercial real estate are about to explode like they ate a crit from the rocket launcher in Quake 4, and cities are starting to appear empty as a result of Mainland China, the world's motherland, being made empty as a result of the Wuhan Pneumonia epidemic.
And to think that all these problems are nothing more than a prelude to the real elephant in the room: the 24-year persecution and organ harvesting genocide against Falun Dafa's 100 million practitioners launched by the CCP and former Chairman Jiang Zemin on July 20, 1999.
The CCP, Xi, the remnants of the Jiang Faction, and the "International Rules Based Order" that smeared its hands participating in the persecution to court Shanghai and Tsinghua Marxist-Leninist vows for material benefits, can absolutely not escape the consequences of these crimes against humanity.
Humans won't hold people responsible, but Heaven will. There will never be a Nuremburg 2.0, and there won't be a "Great Judgment," but there certainly will be a historic retribution for evil that will be passed down forever.
And this makes long into January of 2024 as the market rallies extremely dangerous.
I can only ask you to consider hedging with volatility when you see the VIX at a 9-handle in November and an 8-handle in December.
When "That Day" really comes, everything will be over in a night.
And it will be too late to cry. You'll be trapped on the greatest gap of all time.
Key Considerations for C3 ai Stock as It Approaches EarningsC3.ai (NYSE: AI) specializes in enterprise AI solutions and has a foothold in industries such as energy, healthcare, and manufacturing. The company saw a 40% revenue growth in fiscal year 2022, and analysts predict a further 30% growth for fiscal year 2023.
**Market Context: Critical Price Level and Earnings**
The stock is currently at a pivotal price level of $31, with earnings due after market close today. If C3.ai maintains its high-growth trajectory as in previous quarters, we could see the stock targeting new highs of $36, $40, $48, and $50.
**Growth Drivers:**
- The rising adoption of AI in business sectors like customer service and supply chain management is fueling C3.ai's growth.
**Risks:**
- C3.ai is still not profitable and faces competition from tech giants like IBM, Microsoft, and Google.
- The AI market is still maturing, and its growth rate could slow down.
**Additional Considerations:**
- **Competitive Landscape**: C3.ai faces competition but also collaborates with tech giants like Google and Microsoft.
- **Financials**: The company's strong revenue growth suggests a path to profitability in the near future.
- **Management**: Led by a capable team with a history of success.
- **Partnerships**: Strategic collaborations could expand the company's reach. (such as Google and Microsoft).
- **Product Innovation**: Ongoing development keeps C3.ai at the forefront of the AI solutions market.
**Summary:**
C3.ai presents a high-growth opportunity with certain risks. Its position in the expanding AI market makes it a compelling investment option, but due diligence is crucial.
I hope this analysis aids in your investment decision-making process. Finally, if you like what I am doing and you want more hit the like, and follow me on my X account. Dr Saud
AI C3ai Options Ahead of EarningsIf you haven`t bought AI here:
Then analyzing the options chain and the chart patterns of AI C3ai prior to the earnings report this week,
I would consider purchasing the 30usd strike price Calls with
an expiration date of 2024-1-19,
for a premium of approximately $6.55.
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.
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.
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.