1C3 trade ideas
C3.ai with a perfect bottom!Just have a look at this beautiful bottom! I took a shot at C3.ai and used the bottom to invest.
AI (C3 AI inc) bullish caseAI chart looks good long term.Stock is at 69.95 and plenty of room above with lots of gaps to fill. Broke downtrend and all technicals pointing up (bullish divergence on the daily chart, MacD cross over +, stochastic bottomed late March and creating higher lows, vol osc has been going up since late March)
$AI Set To SoarC3 AI is a leading enterprise AI software provider for accelerating digital transformation. The proven C3 AI Suite provides comprehensive services to build enterprise-scale AI applications more efficiently and cost-effectively than alternative approaches. The C3 AI Suite supports the value chain in any industry with prebuilt, configurable, high-value AI applications for predictive maintenance, fraud detection, sensor network health, supply network optimization, energy management, anti-money laundering, and customer engagement. This company could easily be breaking ATH's in less than a year. Outstanding long-term play. Good Luck!
Bottom FishingIf D is D hten AI has possibly bottomed. Possible double bottom if no more bottoms are in the cards for AI. Hard one because unless this is the bottom, then there is no history underneath. Feels like grasping at straws and looking for a bottom. I just think this is worth a bit more than this. But that is my opinion and we all have one.
Appears to have been a butterfly pattern although D overshot the 1.27 by a couple of dollars.
One thing I have learned about Mr Market, he does not always stick to rules like we have to do!
Not a recommendataion.
Harmonic patterns often appear as double tops. And they are as it is best to get out at that second top because the last leg can take you to a dark place )o:
Negative volume has not kicked in on daily. On lower time frames NV is high.
Double BottomYesterday I published a private idea for my followers to buy AI when it was 61-61.5, today they are locked in 17-18% profits.
for evidence please check the comment section!
Sniper Grade Trade!
AI with positive divergence, down 67% from ATH. There's a potential to make some X's on this baby. Positive divergence, seems to sit around the $60 as a solid support.
Miami Vice homicide investigationthis thing has been absolutely murdered. finally showing a double bottom, albeit this could also jerk to $10 so who the f knows. My $100 July 16 calls weren't cheap, still holding onto them, I think software services oddly get a bid while the S&P pukes its brains out later this month. PT $120 but I'll gladly sell my shares @ ~$98 fib resistance. Make sure ice runs through your veins like Crocket & Tubbs if you're going to roll deep with the software & cloud names right now.
AI - Huge Upside PotentialHigher low after huge panic selling since IPO, possible buy on support?
Fundamentally promising with their enterprising AI concept too.
C3---> an offer you cant refuseC3 a new IPO. Regarding its fundamentals i am not sure but one thing i know there is good divergence in 2 hous charts and volume has been decreasing day by day. this indicates that reversal and bullish moves are coming soon. I believe that this is a very good entry point. C3 is ready to run >also the major resistance is around 90 so there is lots of room to run. It is a offer you cant refuse
Best strategy would be a put credit spread
Ideas are for education and entertainment, not a trading advice
Pump and Dump Followed by Pump
Tom Siebel wasn't lying to CNBC on March 2nd, 2021 when he said "it's a volatile market, and share prices will take care of themselves". Afterword's he sold several million shares.
At the height of the delusional tech market fetish for growth stocks, C3.AI went from $43 IPO to $100 on the first day.
Astonishingly, bulls went crazy and sent the share prices to $183.00 on December 22, 2020.
It then corrected to $112/ share in early January, then bulls went at it again, if the capital can be stormed, why not wall street?
C3.AI then shot back right up to $170 on February 9th, 2021. But good times never last forever (look back at the 2000 tech correction).
The first quarterly report was a reality check, on top of it the NASDAQ corrected due to the media's excuse of rising bond yields (despite the fact its just a simple rebound to pre china virus levels).
Certainly the GameStop and AMC short squeeze played a roll in inducing the tech sell off, hedgies after all needed to pad their pockets and minimize risk to themselves and share holders.
They covered their short losses from the squeeze buy selling off their tech positions. Greed and Fear dominate wall street. What human being enjoys losing money? Maybe the joker if its someone else's he's burning.
Long story short, the insiders always win at the expense of retail investors like you and I. It's best to play their game and buy when those cock suckers buy. Will C3.AI become a successful corporation and dominate the market?
Perhaps, but in the mean time, take the money and run. Wall street doesn't give a shit about you. Its all a fugazi.
C3.AI should experience resistance around the $40.00 range then be pumped up with another delusional bull run, never cut yourself by catching a fast knife. Of course should World War three happen, then expect everything you've ever owned to burn up in nuclear fire (worst case scenario).
Its best to be a realistic grizzly with bull horns. Never have faith in a corporation.
Good news $AI Bulls!There's no denying that $AI has taken a beating in the recent months. However, I am confident that we have reached the bottom(or at least near) and can start the road to recovery.
If today's reversal holds, I am confident that we have seen a Bullish Harmonic Butterfly pattern and can expect us to land back in the high $100s by EOY. Likewise, the Bollinger Bands indicate that the stock is oversold and due for at least some type of correction.
Disclaimer: I bought at $100 near its IPO. This is an investment to me, not a trade, and I will continue holding at least until LT capital gains tax. Trade how you see fit.
C3.ai - Finally a bottom!After the IPO there was a steep decline which led to more than a halving of the share price of NYSE:AI . But there is hope! I assume that we finally reached the bottom. That is why I started a position in this stock.
if double bottom formation is work the first target will be..according to trend based fibonacci retracement levels the first price target will be fibo 0.618 which is around 115$.
we will see if it is work. if 60-65 $ is the bottom.
"The share price will take care of itself". - Tom SiebelEarly 1st quarter 2021 was a delusional bull market for Tech, reminiscent of 1999. Many corporate owners took advantage of the Hype, namely Tom Siebel.
There were a lot of IPO's and direct listings at the end of 2020. Since yields are going up, and the Fed is gradually abandoning its easy money policies, the tech sector is being shorted back to reality.
C3.AI had an IPO of $43.00, delusional Bulls drank the coolaide and bought at $100.00 per share, the dumping price.
Astonishingly, the price then shot up to $183.00/ share, almost quintupled in price (almost like Gamestop)!
There is resistance at the $64.00 line, once prices breach this line, expect C3.AI to be shorted to atleast the IPO price of $43.00/ share.
Should the Nasdaq slide to 11,000, expect C3.AI to trade in the $20 range.
I can guarantee you that insiders will sell, the CEO already has!
I wouldn't go long on this until maybe Summer time or if share prices hit the $20 range and a genuine reversal pattern is indicated.
In the mean time, money can be made by scalping and going short during the tech bear market.
Comment: Scalp the dead cat bounces!
Tom Siebel wasn't lying when he said "it's a volatile market, and share prices will take care of themselves".
AI super oversoldFalse breakout into downward channel, Lowest I see is $51.20. Watch this stock like a hawk. Gap to fill at $113. Someone has been loading up due to the volume increase. I have alerts set at $70.44, $77.44, and $51.20. Super swing once the trend reverses.
4hr chart
1hr chart
Bottom Fishing Watching ONLY!I have been following this one for a week or so to see how low she will go. I am watching only due to lack of support at this time.
This looks like it is trying to form a butterfly pattern. When D is below X, you are possibly looking at a butterfly or a crab. The crab is ruled out at B as it pulled back close to the .786 of the XA leg. The shark also has D below X, but in the shark pattern, C is above A, so the shark is ruled out. Price can go to the 1.618 fib level according to the crab pattern. A cypher pattern and the crab are similar, but in the cypher pattern, CD pulls to the .786 of XA. I would not want to get the crab and the cyper confused with each other. )o:
You can begin figuring out which harmonic pattern you have at the end of the AB leg. After C completes, you can rule out more patterns.
The Gartley pulls back to the .618 on the AB leg. Some folks are more flexible, but D would not be below X.
Price has passed the 1.27 fib level by a few dollars. The butterfly has a CD leg that is 1.27% of the XA leg. There is no bottom forming as of yet. Price did accelerate after hitting the low of 61.81.
Until a bottom, or consolidation begins occurring at a specified level, I am not planning to trade this.
It can be a matter of deduction to figure out which harmonic pattern you are looking at. A matter of ruling out other patterns.
Negative Volume is low and short interest is over 7% depending on where you look. Price has been making a new low almost daily. There is no support to catch this one below price so would be difficult to place a stop. AI will have to form a bottom to pull in sellers when it reaches a level that makes folks become bullish.
This is one reason I do not like trading IPOs. There is a lack of support that years of trading can provide.
No recommendation
