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TradingShot
Dec 20, 2023 12:56 PM

AI about to break upwards aggressively.Β Long

C3.ai, Inc.NYSE

Description

β‹…
AI (C3.ai) has made a Higher High yesterday, the highest level it's been since August 15. Having put both the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line) behind, this rebound is taking place after a perfect bottom on the long-term Channel Up.

The first Bullish Leg of this pattern peaked on the 1.382 Fibonacci extension before a 1D MA200 pull-back. As a result, we are taking this early buy signal to target $60.00.

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Comments
paulksi
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but why? it sucks revenue wise?
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