dRends35

AI - Headed for $20?

Short
NYSE:AI   C3.ai, Inc
AI is at a critical juncture here.

Today and yesterday saw first a slip to the downside falling below support, with an immediate recovery today.

If price stays above support then it could be bottoming in this area, in which case the slip will prove to be a fake-out.

However, just take a moment to look and see the bearish candles outgun the bullish .

It is probable this is a Primary ABC continuation pattern.

A further downside slip will probably see price form another leg to the downside.

Not advice.
Comment: A very bearish star and big gap down at earnings to re-test support triggers yet another automatic rally; taps liquidity and weakens the area. It won't be too long before support breaks down. Very unlikely this is accumulation. Break to the downside coming.

Really funny comments on this page 😅

See you at $20.

Comment: AI pressing down on support. Also RSI settling in lower quadrant. Good chance a rip to the downside is coming up.

Comment: Well AI is at the bottom. So who is buying the dip here? Hands up?? ✋😄

I think I'll sit this one out.

Comment: Any questions?
Comment: Well everyone likes to write their own reviews, but this call is going very well with price collapsing 30% this week.

These long contracting continuation patterns are excellent at trapping longs - NNDM, TNXP XL and others all making similar patterns.

Comment: AI well on its way to my target set in August and it might go quite a bit lower but first things first.

Another thread received marvelous support from the cocky dumb money crowd.

Comment: Nearly there you guys! 🐻
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