In the current market and based on C3 AI being in a uptrend. We have found support like many other stocks at the 50 week moving average continuing the bullish trend on many stocks. Now I have high hopes based on the previous swing we had that this swing will duplicate that move and if so we will reach $56 in the next coming weeks. Now this is important because I have strong feeling in december there will be one more rate hike before the 2024 rate cut year. Fed Powell did say he would raise interest rates one more time before the end of the year and I believe thats in december.
So basically we have strong market to hit $56 in this month and then december comes around and fed Powell is gonna hike rates one more time to cool down the stock market. Before the big bull run in 2024. Good Luck longs on this stock I will say I am small cap holding $2k worth of C3 AI right now.
So basically we have strong market to hit $56 in this month and then december comes around and fed Powell is gonna hike rates one more time to cool down the stock market. Before the big bull run in 2024. Good Luck longs on this stock I will say I am small cap holding $2k worth of C3 AI right now.
