C3.ai buyer beware - earnings could trap the bulls
C3.ai will report their Q4 earnings on May 31st after the close.
The consensus EPS Estimate is -$0.17 (+19.0% Y/Y) and the consensus Revenue Estimate is $71.34M (-1.4% Y/Y).
C3.ai rose more than 33% with high volume of 107 million shares on Monday on the back of new Nvidia announcements. SoundHound AI gained more than 9%, while Nvidia parred back some of its gains to close up 2.99%.
C3.ai appears to be over bought
C3.ai has broken above its previous swing high of $34.68 in early April, as it starts to make new 52-week highs. It has gained more than 112% since May 15 this year.
C3.ai Weekly
It's weekly chart is impressive, as it has made 3 huge candles, which implies a parabolic rise. A parabolic rise is never healthy, as eventually the stock will have to give back its gains. A simple analogy is like stretching a rubber band, and when it is over stretched, it eventually snaps back. The more you over stretch the rubber band, the harder it snaps back.
Expecting the market maker to eventually knock the prices down to trap the bulls in this.
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The sell off in NVDA AH tells me the AI craze is over for now. Smart money is alresdy out of this space. ThinkI'm right?
Once this gets back to $34, which it will -soon, you’ll see less of the pretend shorts here due to: Accountability concerns.
Classic dead cat bonce. There will be other upgrades beyond $50.
It’s a great day to be an AI investor. Up from $10, now $34 and headed to $42.
Look at the Puts and Calls. $40 is the number short term.
Likes the technical strength with this upside move and apparently buyers continue to load up in these price ranges.
i will be holding this investment next week and plan to hold it well beyond next week, i expect to see upside up
Shorts will make a last desperate attempt to drive the price down. It will fail and I am ready for it
Do not underestimate the Company. They are essential to all the big AI players and the military.
I buy puffery. It’s the entire point of buying stocks.