$AI – Price at a Pivotal Level | Bounce or Breakdown?
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📊 C3.ai (AI) is sitting at a critical support level.
🔹 Price Action & Key Levels Current Price: $21.61
Previous Week Range: Mon, Mar 3 - Sat, Mar 8 Previous Weekly High (PWH): $24.35 Previous Weekly Low (PWL): $20.92
Previous Day Range (Fri, Mar 14, 2025) is a crucial demand area. Previous Day High (PDH): $21.78 Previous Day Low (PDL): $21.20
Fibonacci Range: Wed, Dec 28, 2022 - Fri, Jan 16, 2023 Fibonacci 0.618: $24.95 (Resistance if the stock bounces) Fibonacci 0.786: $18.44 (Downside risk if support breaks)
🚀 Bullish Case (Price Needs to Hold & Bounce) If AI holds above $21.20 and reclaims $22 and $23, momentum could push it toward $24.35 and higher. Price above $24.95 (0.618 Fib) confirms strength to the upside.
🚩 Bearish Case (Break Below $20.92 = Danger) If AI breaks below $20.92 (PWL), the next downside target is $18.44 (0.786 Fib).
📌 Holding AI 21 MAR 25 $23 Calls @ $0.30 - Entry: Higher low and between the 0.618 and 0.786 ($18.44 - $24.95) Fibonacci range to the upside. - Target: $0.45 on the options contract, 50% profit - Stop Loss: $0.20 on the options contract, 33% loss.
🔹 What Does C3.ai Do? C3.ai (AI) is an enterprise AI software company that helps businesses predict, automate, and optimize operations using AI.
💡 Example Use Case: Shell (Oil & Gas) uses C3.ai’s predictive maintenance AI to analyze sensor data and detect equipment failures before they happen—reducing downtime and saving millions.
Some other industries and areas AI is doing business in:
Banking: Fraud detection & risk management
Healthcare: AI-driven diagnostics
Manufacturing: Supply chain optimization
Trade closed: stop reached
Lol ThinkOrSwim (ToS) closed out my contract at $0.32 yesterday, Monday, Mar 17 @ market open (9:30am) when the contract price moved from 0.30 -> 0.23 -> 0.33 within the first minute.
Weird because I had my stop at either $0.20 or $0.45 and although it didn't hit $0.20 it did hit $0.45 at 9:38am.
I didn't complain yesterday to ToS but will complain today. -_-
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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.