C3.AI still good? Earnings coming up!

Asphen
05-25


Price action (Update 25 May 2024)

- Since the previous earnings gap up, C3.AI has come down 47% and recently recovered abit

- It has since broke back into the previous range (overcoming the level of 23.70) back into the range of 23.70 to 32

- Earnings is on 29 May 2024

- Multiple MA lines as resistance (a big gap up will create a good support below)


Bullish response to earnings (My chosen thesis)

- Gap up and move towards Fib extension target of 30.23

- 32 to 36 is quite an easy move with little resistance


Bearish response to earnings

- A bear flag fib extension points to support around 17.66 to 19.65


Good luck, all!

C3.AI Daily Chart - 25 May 2024

@melson  @TigerStars  @macroB  @CaptainTiger  @Deposit  

$C3.ai, Inc.(AI)$  

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