Hi everyone. Today I’ll be updating my TA on an enterprise AI software company: C3.ai, Inc. (NYSE: AI) AI’s weekly chart is interesting - notice how it is trading in a bull pennant (in green) with lower highs and higher lows. The prior 2 lower highs had significantly higher volume than the latest retest several weeks ago, which was on very low volume. It is thus likely that we might be seeing a pennant breakout in the coming weeks. Notice how RSI is also making higher highs with price, and the Stochastic closing the previous week with a bullish crossover. On the daily chart, we can see AI coming up from extreme oversold lows on the Stochastic. RSI has also formed a “W” pattern (one small one and one large one), which usually precedes a larger move. I am looking long on AI until it reaches
Bye H1! How Do You Plan the Next Half?
The first half of 2024 saw soaring U.S. and Hong Kong stocks. What is the progress of your annual goals? Will you forge ahead bravely or plan to revise your goals? Besides investing goals, how are other life goals going? For example, how many books have you read? How about your gym plan?
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