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
After 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....
