On the presented C3.ai (NYSE: AI) 4-hour chart, the price is currently consolidating around $17 after a strong decline from levels above $30. Recent candles show an attempt to defend this support area, which may suggest the formation of a local bottom.
The moving averages (short- and long-term) are still pointing downward, reflecting the prevailing bearish trend. However, the fact that the price has stopped falling and has not made new lows opens the possibility of a technical rebound. Additionally, the $17 level seems to be an important psychological and historical support, which increases the chances of a demand reaction.
A bullish scenario toward $30 would first require breaking above the nearest resistance in the $19–20 range, which used to act as support but has now turned into resistance. If this breakout succeeds, the next target for buyers would be the $23–25 zone, and only after breaking through that area would there be room for a test of the stronger psychological barrier at $30.
In summary – although the medium-term trend remains bearish, the current slowdown around $17 and possible consolidation could serve as a starting point for a rebound. The key will be holding support and breaking above the nearest resistance levels. In such a scenario, the upside target would be $30.
Potential TP: 30 USD
The moving averages (short- and long-term) are still pointing downward, reflecting the prevailing bearish trend. However, the fact that the price has stopped falling and has not made new lows opens the possibility of a technical rebound. Additionally, the $17 level seems to be an important psychological and historical support, which increases the chances of a demand reaction.
A bullish scenario toward $30 would first require breaking above the nearest resistance in the $19–20 range, which used to act as support but has now turned into resistance. If this breakout succeeds, the next target for buyers would be the $23–25 zone, and only after breaking through that area would there be room for a test of the stronger psychological barrier at $30.
In summary – although the medium-term trend remains bearish, the current slowdown around $17 and possible consolidation could serve as a starting point for a rebound. The key will be holding support and breaking above the nearest resistance levels. In such a scenario, the upside target would be $30.
Potential TP: 30 USD
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.