C3.ai bulls trapped
Just like in my previous article here ( https://tigr.link/2K4pkn ), I mentioned that C3.ai had sprung up too quickly, it was almost a vertical rise and that any bulls who bought in above $40 would be trapped. It played out exactly like I said, and indeed the stock sold off on earnings.
As a trader or investor, it is important to look out for such traps set by the market maker, it always looks very tempting especially since even this stock has a ticker AI too. When a stock rises vertically, it eventually is not sustainable and it will pull back sharply.
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- psk·2023-06-04thanks for advise.LikeReport
- boonk·2023-06-04waitingLikeReport