AITX - Still Forming New Higher Lows Possible Ascending TriangleAITX is still forming higher lows on the hourly chart. I believe it is now ranging in a new upward channel and could possibly be forming another ascending triangle in preparation of a breakout to retest the 0.185 resistance level. I am going to wait for the bullish ascending triangle to confirm a continuation and breakout to 0.27 resistance.
AITX trade ideas
AITX Gap Down on Market Correlation Nice EntryAITX gap down open at 0.13 today in correlation with the rest of the market as risk averse traders closed positions prior to comments by Fed Chief in the Senate. The price managed to recover over the day to a +3% and nipping at the heals of our upward channel. I suspect we will continue with the upward trend making this a great entry point. A close above 0.16 and we could see the formation of a reverse head and shoulders and a move up to retest 0.19 resistance.
AITX is looking solid and promisingI do not usually post OTC stocks but this one looks promising.
OTC:AITX flag pattern, long the break to target 0.4$. Stop around 0.17$.
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This is only my own view and not financial advice, do your own analysis before buying or selling
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$AITX will be NASDAQ eligible by March endTitle says it all. This is an update to my previous chart, which is still holding well with price targets. I adjusted the waves to include subwaves and added an upwards channel to track this early activity as a potential leading diagonal for longterm growth waves. I think the news about a deal with a fortune 100 company could rocket this one out of the channel, but I am going to rely on the lines and targets set for my own buy and sell points.
$AITX - Crazy Upside With Weak Resistance of The Daily ChartsI'm seeing wide open upside on $AITX as bullish stair stepping candles on the daily chart look like a nice setup for big move up. With little resistance on the daily charts we could see as much as 319% upside! The psychological price point of 0.50 will likely fight back pretty hard with some profit taking and would be a good spot for the faint of heart to reduce exposure and still lock in over 100% gains. That said if we push through that psychological barrier of 0.50 we are going to run up to 1.00 pretty quick, there isn't much in the way of resistance for that move. It may not be a white knuckle ride though if it plays out over the next 6 months but looks like a great opportunity. I'm diving in!
AITX ready for next run upWhole market was bleeding the first day of the new year and AITX closed the day 17% down. I believe this was mostly because of all overdue profit realizations since people waited for new tax year to cash out some of their profits.
If you have been trading AITX you know that 17% is not really a loss for this stock. We hit the bottom of our rising channel and managed to keep the price around 0.03 level.
Considering the increasing interest on AITX and the news that's expected this month, along with no fear of R/S or dilution we will test the first resistance at 0.043-0.045 level and then head up towards 0.072 and eventually 0.1