SoundHound ( NASDAQ:SOUN ) AI shares surged over 14% in late trading on Thursday after the company surpassed analysts' first-quarter revenue estimates and raised its full-year sales outlook amid growing demand for artificial intelligence (AI) speech recognition software. The Silicon Valley-based tech company reported revenue of $11.6 million for the three-month...
NASDAQ:SOUN
After SoundHound Ai uptrend rally in Feb and Mar we are now seeing a slight break in the trendline. Enter at price targets: $5.16, $4.68, $4.11 (test at targets for retracements) hold for price to cross $5.71 (possible retracement due to investors selling positions), confirmation towards $7.64.
Overview
SoundHound AI ( NASDAQ:SOUN ) doesn't appear to be fundamentally sound, however, its technicals support a potential spike to around $15.50. While the rest of the market also appears to be nearing a peak, there may be a few more weeks of squeezing which is where SOUN may find a second, yet short-lived, wind.
Fundamentals
SoundHound AI has...
Buckle up, buttercup! Word on the street is SoundHound AI is about to drop some serious digits on us about their hands on the B200 AI chip, made with NVIDIA's magic dust.
The Playbook:
Morning Moves: Eyes on the prize at $7.01. If it rockets in the first 20min, I want to buy it. If not, might be a dud. Could nosedive to $6.
Whale Watching: Big fish were...
Reasons for bullish bias:
- Price bounced from support
- Fib 0.5 level
- Risky trade as earnings were negative
Entry Level(CMP): 5.90
Stop Loss Level: 4.64
Take Profit Level 1: 7.03
Take Profit Level 2: Open
Surpassing the trendline at around 5.5, SOUN has created a trend, from 3.47 and started retracing from 7.93.
So, it was a goodbuy on dips of few quantity at 6.23, 5.7, 5.17 and then to hold for this to cross 7.93 as the confirmation level towards 10.69.
FYI, i have invested and holding for seeing full targets achieved.
SoundHound AI - Everybody is talking about Artificial Intelligence (AI). The social media buzz is all about AI. The world is asking questions like: What are the possibilities? How far will AI go in its reach into day-to-day society? Meanwhile, AI stocks like NASDAQ:SOUN are becoming more and more popular. If SoundHound's stock price makes it to the $9.00...
SOUNDHound AI on the 15 minute on Wednesday 60 hours ago, broke out after a trend down to
begin the year. The tailwinds of the technology stock earnings and their tailwinds pushed hard.
SOUN broke out through the entire high volume area and then rose above it. Pretty much the
same from the lower aVWAP bands into the uppers after crossing over the mean...
Reasons for bullish bias:
- Price gave a Symmetrical triangle breakout
- Safe Entry above the strong resistance level
- Possibility of good gains
Entry Level(Buy Stop): 2.48
Stop Loss Level: 1.57
Take Profit Level 1: 3.39
Take Profit Level 2: Open
I started buying SOUN on a breakout above 3.35 two weeks ago. This was a classic breakout pattern with big volume on the advances and the stock was in the hottest group - AI. And shares surged 50% over the next 14 days.
I sold half my position at around 4.80. Since the stock topped just below the $5 mark back in February, this was likely to be a key resistance...
I’ve had my eye on this stock for months.
SoundHound is smaller, off-the-radar AI stock. The company owns several patents involving voice-recognition technology.
If you drive a Dodge, Chrysler, Jeep, Hyundai, Kia, Honda or Mercedes-Benz, you are probably using their software already.
HOUN ripped higher to start the year, but it got overcooked and settled back...
Hi Folks,
SOUNDHOUND SOUN presents a quite interesting chart pattern.
• A big move in the past 1-3 months anywhere from 30%-100% the rally last for a few days to weeks.
• Stock is above ema 200
• Orderly consolidation with higher lows & tightening range:
• RDM, VCP
• Stocks surfs the rising EMA 10 or the EMA 20, and sometimes the EMA 50
• Volumes are...
