CXAI Target $5A breakout of this triangle pattern could see CXAI move to $5.
Fundamentals and recent spike in volume looks good.
CXAI trade ideas
CXAI | High Volume Buys IncomingCXApp, Inc. engages in the provision of workplace experience solutions. Its solutions are used in workplace experience, employee engagement, desk and meeting room reservations, workplace analytics, occupancy management, content delivery, corporate communications and notifications, event management, live indoor mapping, and wayfinding and navigation. The company was founded on September 19, 2022 and is headquartered in Palo Alto, CA.
CXAI - Low Conviction Play; High UpsideLow conviction play at $3.39.
Was looking through EPs and this bullish chart stuck out to me. I did some digging to find out the reason for it and found out they announced a google partnership. The price blasted up a 150% EP closing candle that had a 189% high on the date the Microsoft news was dropped. Pretty strong. There was also a 345% daily candle back in April of 2023!!!! The price action has now retracted below the open of the last EP candle and I believe this is a solid price to hop on. The price action is getting tight with low volume. All of the moving averages are converging and this could pop off in a relatively short period of time. It’s forming a cup and handle so we’ll see, whenever and if ever that breaks out.
Btw, I have not seen any news articles or chatter about any of these other 20 fortune 1000 companies anywhere. I had to dig into the earning call transcripts to find that.
“This platform has been developed in collaboration with leading AI companies in the tech ecosystem in Silicon Valley, and we’re excited to partner with Google Cloud as we scale our business to the next level. We’re excited to report a 24% increase in annual recurring revenue from 2022 to 2023. This has been fueled through our major customer wins this last year, especially those two Fortune 1000 wins this last quarter. We’re proud to have some of the largest logos of the world as our customers and our partners that are at the leading edge of the workplace transformation. More than 20 of them are Fortune 1000 companies who are scaling with us with new deployments globally every day.”
This partnership seems pretty legit. Not sure why a company with type of partnership and 20 other fortune 1000 companies customers only has a market cap of 51 million. I guess not much revenue yet, but I don’t believe they’ve fully deploy their app yet until later in 2024.
cxapp can hit 8$ and 10$reverse fibonacci, timeframe for the maximux date ER (sec date) , symmetrical bullish triangle , measured with the reversed fibonacci levels is perfect with the height.
100% technical analysis.
Cxai works with pennants, everytime.cxapp is working at full capacity with repeated figures, and with high spikes. Day trading is impossible as after each spike, it resets unpredictably after about 30 seconds.
In the past, it rose without news or data, at very high volumes. On April 1st, the news of a collaboration with Google Cloud came out. On April 9th, 2024, and until April 11th, cxapp will be present at the event with Google Cloud in Las Vegas. Is it time for a new spike?
In conjunction with all these events, there is also the Q4 2023 earnings statement, which will be released by April 16th, 2024, at the latest.
If the data is good, and cxapp continues to release positive news, it could rise further.
My price target is $12, and in case of extreme speculation, $20.
CXApp and Google Cloud Forge Strategic PartnershipIn a landmark move, CXApp Inc. ( NASDAQ:CXAI ) has announced a strategic partnership and development agreement with Google Cloud, signaling a transformative shift in the realm of workplace technology. Leveraging cutting-edge AI and data insights, CXApp is poised to redefine employee experiences and revolutionize the future of work.
Generative AI and Experiential Analytics:
CXApp's innovative CXAI platform integrates category-leading Generative AI applications, set to become the cornerstone of the new knowledge economy. Partnering with Google, CXApp is on the cusp of creating AI-native applications that will revolutionize employee experiences worldwide. With a focus on Experiential Analytics, NASDAQ:CXAI aims to drive key insights and outcomes that will solve the future of work problems.
Modernization of SaaS Infrastructure:
Google Cloud's robust infrastructure powers most of CXApp's enterprise customer applications, making it a natural partner for advancing service offerings. Through the partnership, CXApp will leverage Google's advanced services in security, analytics, and monitoring, ensuring the best-in-class cloud-mobile experience for clients. The upcoming deployment of the CXAI Platform promises a summer launch, heralding a new era of workplace transformation.
NASDAQ:CXAI on Google Marketplace:
The integration of CXAI onto the Google Marketplace marks a significant milestone in expanding CXApp's reach. With Google's sales and marketing teams onboard, CXApp aims to target key clients and deliver seamless workplace platform experiences. This move not only broadens CXApp's customer base but also standardizes its solutions for a larger audience, unlocking new avenues for growth.
Visionary Leadership and Strategic Execution:
CXApp's Chief Technology Officer, Naresh Soni, and the technology leadership team are set to attend the Google Cloud Next conference in Las Vegas, underscoring the commitment to strategic alignment and execution. With a clear mission to define a new category in enterprise software—Employee Experiences—CXApp is poised for unprecedented scale-up and global impact.
Conclusion:
The strategic partnership between CXApp ( NASDAQ:CXAI ) and Google Cloud marks a pivotal moment in the evolution of workplace technology. With a shared vision of redefining employee experiences and shaping the future of work, CXApp ( NASDAQ:CXAI ) is positioned as a technology leader at the forefront of innovation. As the collaboration unfolds, the potential for transformative change in the workplace landscape becomes increasingly tangible, promising a brighter, more connected future for businesses and employees alike.
CXAI - AI - Workplace SolutionsCXApp Inc is a workplace experience platform for enterprise customers. It is a SaaS product for enterprise organizations, distributing a mobile app to all employees within the organization. It includes a content management system (or CMS) so customers can adjust configurations for their workplace settings autonomously and spontaneously. Its technologies and solutions help enterprise customers deliver a comprehensive business journey in a work 'from-anywhere' world for employees, partners, customers, and visitors. CXApp offers native mapping, analytics, on-device positioning (or ODP), and application technologies that bring people together.
Disclaimer: This is not financial advice.
Opportunity Insight: Low-Float Stock Analysis
With a relatively small shares float of 7.054 million, this stock presents a unique opportunity under the right market conditions. Key points for potential investors or traders to consider:
Market Sentiment Dependency: The performance of this strategy is heavily reliant on a bullish market sentiment. A correction could jeopardize the effectiveness of this play, underscoring the importance of market timing.
Critical Resistance at $3.3: A pivotal resistance level exists around $3.3. Overcoming this barrier is essential for any significant positive price movement. This level should be closely monitored for a potential breakout.
Risk Management Considerations:
Stop Loss (SL) Strategy: Setting a stop loss below $1.6 is advised to limit potential downside risk.
T ake Profit (TP) Targets: Potential profit-taking points could be set around $6.0 and $9.0. These targets are ambitious and should be pursued with caution, adjusting based on market dynamics and individual risk tolerance.
Chart Analysis: For a deeper dive into the stock's technical outlook, including trend analysis and more detailed resistance levels, refer to the accompanying chart. It provides vital information that could influence decision-making.
Trading Guidance: Given the speculative nature of this opportunity, it's critical to approach this play with caution. The low float implies potential for high volatility, which can lead to both rapid gains and losses. Traders should remain vigilant, prepared to act swiftly in response to market changes or when predefined risk management thresholds are reached.
Are Annual Pivots Working for this Stock?There's Waldo in plain sight. What other indicators are there to trade off on a stock like this? Wack a mole. Stop is double daily close below recent low.
Time to buy BTC based on these indicatorsTime to buy BTC based on these indicators. Be patient, wait for the second wave of this indicator pair for BTC.
