AI - RisingTrend Channel [MID TERM]- AI is in a rising trend channel in the medium long term.
- AI has given a positive signal from the rectangle formation by a break up through the resistance at 20.95.
- Further rise to 37.88 or more is signaled.
- The stock has support at 22.60 and resistance at 34.00.
- Volume tops and volume bottoms correspond well with tops and bottoms in the price.
*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price
*Chart Pattern:
DT - Double Top | BEARISH | RED
DB - Double Bottom | BULLISH | GREEN
HNS - Head & Shoulder | BEARISH | RED
REC - Rectangle | BLUE
iHNS - inverse head & Shoulder | BULLISH | GREEN
Verify it first and believe later.
WavePoint ❤️
AINC trade ideas
AiSince my last post when we were creating a W pattern at the low of 17$ I was saying long
So far we have played out close to a T of my expected idea (I drew it in with white squiggles ) LOl
Now ai is it my first key reistance. Also we ended up putting in a cup and handle pattern on smaller time frames with nexkline at 20.60
This key reistance we are at is also the target of that cup and handle so this are is strong resistance along with 25$. I’m not to sure how we play out from here but I do expect a potential rejection or considlation between 20.60-24$ to occure from here. I am looking for a pull ba k to 20.60-21$ from here but if it contiues up through 24 and holds that as support 25$ will be the biggest level.
Just keep a close eye on 23.80-24 Becuase this level is pretty solid reistance. It’s not a bad idea to place some shorts in to hedge the long postion if you are remaining long from 20$ or 17$ which my averge is 17.17.
$AI - Could see momentum from PLTR ERNYSE:AI #AI bounced from 200DMA which held up very well for 9 trading sessions signaling buyers are waiting at 200DMA around $17ish. MACD signaling a pick up in bullish sentiment. $20 and $23 are hard resistance. Upside targets - $20, $23, $26, $30. Downside risk is $15.00 to $11.70.
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Not an investment advice.
AiSince the 20.42-21.45 range breakdown C3 ai dropped down towards mid 16s. It’s held up for weeks down here and as of now doesn’t seem to want to drop lower. It’s possible it is gearing up for another move and hienstly I was thinking downside for weeks now. Howverr now that I’ve been watching the buyers steppin in at lower 17 range I’m starting to speculate that there’s a move to retest abive reistance again.
If ai can get some love and rocket back up a few dollars and reclaim that previous support, this drop could just be a great buyer oppertunity. Howverr just keep in mind if we get up there and retest and fail it , then the sellers could come back in heavy at those prices. I’m currently going long on AI down here and will decide how to play it when we show price action again back in the 20s
why its important to secure gains 🥶March 29th I said "downtrend break,consolidation faze, now rally to 30-47? lets see"
shortly after we smashed my target and did a heavy pullback right away..
thats why its always good to secure some gains when targets are hit, and raise stop loss to breakeven on rest of position.
now AI broke important support zone, a dip to 14.88 may be in play now..
But i will also consider longs again if we climb back above 21. no trigger no trade! boost and follow for more. thanks
AI Long ContinuationLong Idea.
Since the beginning of 2023, AI has been in a daily uptrend, currently trading above its 200 DMA. It also seems to be a favorite short candidate given its downward trajectory in 2022, so there's squeeze potential.
A distribution has been built < 15, and 20 has been acting as strong support since February, enabling price to make higher highs. Along with a higher distribution built > 20, this implies price wants to continue building or explore higher.
Buy targets: 20-22
Profit targets: 24 / 25 / 26 / 28
Long trade is invalided < 20.
C3.ai 30% Gain in the next 11 daysOK Traders. Look at the Timed Cycles on the top of my chart and the trading pattern that AI has undergone since early February. I for one am not going to let this pass me by again. Likely by Wednesday I will take a large Position as the potential for a 30% gain within 11 days is very real. I firmly believe it's worth the risk for less than 2 weeks time. The Stochastic RSI appears to be confirming this as well with the same repeating pattern. This stock is Highly Manipulated so make sure you have set Trailing Stops on your positions. As well you can see where the potential top will be so be prepared to Short near the top if you are so inclined with your trading strategy.
Waiting for a reaction before this rockets.Elliot wave double sideways combo or expanded flat in play
The Y wave can develop as a zig zag (5 /3 /5) move.
Alternatively it can develop as an impulse. Currently it looks like a zig zag since wave A was gigantic drop.
Waiting for a reaction in the green demand zone.
Will be watching for divergences on oscilators.
This is a discount in my opinion.
Long term HOLD of this asset.
AIAI has found its self at the lower support of the trend. 20.42. Starting o look like a flat bottom support. This is a bearish setup. We were long a while back and we took profits in the 32s but Ai has now shown a breakout and bearish fakeout. Back at the same support. Bulls are buying this support up but in my veiw it’s on the verge of a large breakdown.
For me I’m shortinf at 21 put. Loading up any pop to 20.66 area.
This trade will be taken down towards 18.50 area where I’ll take some profits overall tarhet is 10$ but there will be bounces.
I’m looking for a break to 18$ is next week or so. Mabey today. Looking for a bounce there back to retest 20.42 where if that happens and we reject again I’ll re add at that rejextion and bring it lower.
It’s considlating at the low now looking to breakdown here in my opinion. Be ready it is a Friday so it may not happen today but I am very short
$AI Holding Support?I’ve taken a small position in NYSE:AI here as it seems to have put in a support level. In addition, the selling volume has declined quite a bit suggesting to me that sellers are pretty much done. If we have a pocket pivot in the next few days / weeks, I will bring it up to a full position size. I am using the support area as my stop guideline. If it fails, then it proves that was not a supported area. For my trading style I like the risk reward ratio here.
Thanks for looking. Ideas, not investment / trading advice.