To The Moon

I have shared in my earlier article on why C3.ai (AI) dropped heavily on 07 Feb 23.

You can refer to the article here : Why C3.ai (AI) dropped so much on 07 Feb 2023? Is the AI hype over? Or companies focus shifted?

Here is my weekly watchlist which I have shared my thought on C3.ai.

[06-10 Feb] Weekly US Stocks Watchlist. Stocks to Watch: AAPL, AI, GENE and GNS

08 Feb 23 - C3.ai (AI) went up by 6.77%. why is it so? I shall share what I observed, and how I would be trading during the session.

Volume builds up within 1st 15 mins of opening.

There is a huge BUY volume during the 1st 15 mins of trading, price was trading above VWAP.

It continues until 10.30pm, before coming down below VWAP.

How would I have traded C3.ai (AI) on 08 Feb 23?

After experiencing the volatility of C3.ai (AI) on 07 Feb 23, i decide this shall be a scalp trade, so profit target set at $1, I decided to enter just before 09.45hrs (around $26.35 after watching how BUY volume have build up from 09.30hrs, and I set my exit price at around $27.40ish.

Not bad for a quick scalp trade: 3.79%.

I could have hold it longer, as it did reach $28.08, but remember the volatility of 07 Feb.

But it did not stay higher than VWAP long enough, it went down for quite a long period trading below VWAP, before picking up again after around 15.30hrs.

Summary

This is an example of following through your weekly watchlist, tools (e.g. predictive model) could give us a guide for the trading day itself, but we can actually analysis and plan out trade out according.

This is how I would trade based on my own trading plan and strategy.

Do like and leave me a comment if you find this article useful.

Explanation from https://www.investopedia.com/.

Scalping is a trading style that specializes in profiting off small price changes and making a fast profit off reselling. Scalping requires a trader to have a strict exit strategy because one large loss could eliminate the many small gains the trader worked to obtain.

Disclaimer: The analysis and result presented does not recommend or suggest any investing in the said stock. This is purely for Technical Analysis, and there are many other indicators that need to be look at together. (e.g., Price Action, Volume, etc.).