AI is the meme of 2023. This is $AI stock. SimpleWith only a 3 billion market cap this stock has potential to rocket from retail money. Love the ticker. This stock has already had a huge rally this year and I expect it to continue and become a new meme stock of sorts, fueled by hype for the AI sector. Target is 109, the price it reached on it's IPO day.
AID trade ideas
AI - Rising Trend Channel [MID TERM]🔹AI shows strong development within a rising trend channel in the medium long term.
🔹AI has broken a resistance level and given a positive signal for the long-term trading range.
🔹There is no resistance in the price chart and further rise is indicated.
🔹In case of a negative reaction, the stock has support at approximately 34.
🔹RSI is above 70 after a good price increase the past weeks.
🔹Overall assessed as technically positive for the medium long term.
Chart Pattern;
🔹DT - Double Top | BEARISH | 🔴
🔹DB - Double Bottom | BULLISH | 🟢
🔹HNS - Head & Shoulder | BEARISH | 🔴
🔹REC - Rectangle | 🔵
🔹iHNS - inverse head & Shoulder | BULLISH | 🟢
Verify it first and believe later.
WavePoint ❤️
$AI - Target 1 HitVery convenient, I know... NYSE:AI bullish during an AI hype. But one way or another, regardless of the recent popularity AI has garnered, the tone of the message I'd like to convey today is that the charts knew at least 2 months before the retail trading industry (and perhaps even some institutions) that this hype was a possibility.
There's never a sure thing in the markets. Never. No one holds a crystal ball, no matter how many Nobel Prizes they've won or how many lines they can draw on a chart. That's why risk management is the central piece in trading.
However, there's a point to be argued, a point which I'll always stand for: charts, supply & demand, technical analysis—they allow you to detach yourself from opinions, fundamentals, tips, and macroeconomic brainiac knowledge.
They enable you to quantify a market instance where the odds are in your favor, where you want to expose yourself to the possibility of something like what's happening with AI, happening and benefiting you greatly... all while ensuring your trading account remains alive if it does not happen.
This market serves as a good example. This 100% technical analysis-based trigger emerged 4 months ago, and yesterday Target 1 was hit.
Should you take partial profits and hedge against the possibility of a reversal? Or trail the confirmed uptrend? Let your risk aversion profile guide you.
Cheers,
Tenacious Tribe - Backtested, Quantified Trading Strategies
AI - Can it complete 3 White Soldiers?AI formed a mid-term bottom with its last 3-month candle closure that engulfed 4 previous candles - a very strong statement. Currently it has the potential to form 3 white soldiers on this 3-month timeframe. If this does play out, the min target is 250/300. Anything can happen with the current candle that will close in 1 month, but the projections are on the chart and represent a replication of the last bullish engulfing candle. GLTA!
AI, coming to lifeIf you find this info inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!
In since $21.
Taking some off here and looking for a retrace to add.
At some previous consolidation now,
break this and $42 is the next congested area.
Hype can send this, hype has sent many things...that eventually came crashing down...
Cheers!
AI,10d+/-50.54%falling cycle -50.54% more than 10 days.
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This data is analyzed by robots. Analyze historical trends based on The Adam Theory of Markets (20 moving averages/60 moving averages/120 moving averages/240 moving averages) and estimate the trend in the next 10 days. The white line is the robot's expected price, and the upper and lower horizontal line stop loss and stop profit prices have no financial basis. The results are for reference only.
Potential Bullish Run on the Back of AI Chip NewsIntroduction:
C3.ai, an enterprise AI software company, has recently been catching attention with a new low in its price action after reaching all-time highs. With the AI sector heating up and a historical precedent in Nvidia's ( NASDAQ:NVDA ) stock soaring after AI chip news, we might be in for an interesting ride with C3.ai ( NYSE:AI ).
Analysis:
1. Company Overview:
C3.ai provides SaaS applications for deploying large-scale AI applications, and its recent financial performance shows some growth in revenues but an increasing net loss. The company has a solid financial position with a high current ratio and no long-term debt.
2. Recent Performance & Financial Metrics:
Although the company's net loss increased by 53% to $203.9M, it still managed to increase its revenues by 8% to $194.4M for the nine months ended January 31, 2023. It is also notable that the company has strong gross margins at 70.5%, although the net profit margin is negative at -98.4%.
3. Potential NYSE:GME -like Bull Run:
The recent lows after reaching all-time highs provide an interesting set-up. Drawing parallels with Nvidia's stock surge after AI chip news, we could witness another bull run in $AI. These instances are rare but can provide significant returns if correctly timed.
4. Trading Strategy:
Here is a potential trading plan:
Entry Point: Current Price at $27.85
Stop Loss: $25.00
First Take Profit Level: $36.00
For those interested in options trading, it's worth noting that the contracts are still relatively cheap.
Conclusion:
While C3.ai has been under some financial pressure, its involvement in the growing AI sector could lead to significant future upside. Given the historical context of Nvidia's stock performance after AI chip news, it's worthwhile to keep a close eye on $AI. Remember, these trading plans carry risk, and it's essential to manage your risk correctly.
Note: This analysis is for informational purposes only and does not constitute investment advice. Always conduct your own research and consult a professional advisor before making investment decisions.
Long Run. Life is a marathonLooks like the bottom is in. 80% sure that the bottom is in.
Impulsive looking structure of the lows.
Bear algo is still not beaten in linear scale.
Will wait a bit longer to see if the impulse is done.
Further Elliott wave and market geometry are explained in details on the video that i published.
Have a lovely day <3
AI - RisingTrend Channel [MID TERM]- AI is in a rising trend channel in the medium long term.
- AI has given a positive signal from the rectangle formation by a break up through the resistance at 20.95.
- Further rise to 37.88 or more is signaled.
- The stock has support at 22.60 and resistance at 34.00.
- Volume tops and volume bottoms correspond well with tops and bottoms in the price.
*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price
*Chart Pattern:
DT - Double Top | BEARISH | RED
DB - Double Bottom | BULLISH | GREEN
HNS - Head & Shoulder | BEARISH | RED
REC - Rectangle | BLUE
iHNS - inverse head & Shoulder | BULLISH | GREEN
Verify it first and believe later.
WavePoint ❤️
AiSince my last post when we were creating a W pattern at the low of 17$ I was saying long
So far we have played out close to a T of my expected idea (I drew it in with white squiggles ) LOl
Now ai is it my first key reistance. Also we ended up putting in a cup and handle pattern on smaller time frames with nexkline at 20.60
This key reistance we are at is also the target of that cup and handle so this are is strong resistance along with 25$. I’m not to sure how we play out from here but I do expect a potential rejection or considlation between 20.60-24$ to occure from here. I am looking for a pull ba k to 20.60-21$ from here but if it contiues up through 24 and holds that as support 25$ will be the biggest level.
Just keep a close eye on 23.80-24 Becuase this level is pretty solid reistance. It’s not a bad idea to place some shorts in to hedge the long postion if you are remaining long from 20$ or 17$ which my averge is 17.17.
$AI - Could see momentum from PLTR ERNYSE:AI #AI bounced from 200DMA which held up very well for 9 trading sessions signaling buyers are waiting at 200DMA around $17ish. MACD signaling a pick up in bullish sentiment. $20 and $23 are hard resistance. Upside targets - $20, $23, $26, $30. Downside risk is $15.00 to $11.70.
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Not an investment advice.
AiSince the 20.42-21.45 range breakdown C3 ai dropped down towards mid 16s. It’s held up for weeks down here and as of now doesn’t seem to want to drop lower. It’s possible it is gearing up for another move and hienstly I was thinking downside for weeks now. Howverr now that I’ve been watching the buyers steppin in at lower 17 range I’m starting to speculate that there’s a move to retest abive reistance again.
If ai can get some love and rocket back up a few dollars and reclaim that previous support, this drop could just be a great buyer oppertunity. Howverr just keep in mind if we get up there and retest and fail it , then the sellers could come back in heavy at those prices. I’m currently going long on AI down here and will decide how to play it when we show price action again back in the 20s