C3.ai (AI) Looking Ready 4 Another Climb

28 juin 2023

I recon C3.ai have found another ladder to start climbing again after an inevitable lul in the market due to the initial 'hype' related to AI and c3.ai in particular had subsided only to leave the well known AI driven tech company to show why they are still a good investment through actual company performance as well as the fact that this week there was some good news from Oracle who gave AI stocks a boost, as the enterprise tech giant said strong cloud sales were being boosted by generative AI. That helped propel the broad market to a banner week, and C3.ai shares were up 24.4% for the week. So with all that inside info as well as the indicators on this chart you see here, Houston seems to be echoing in my analytical mind.

4 juil. 2023

Note

So far so good. One more knock on a resisting door and then we should see the rood being blown away.
I've updated the long positions distance slightly but other than that... looking forward to the markets getting back from vacation so we can see where this theory is headed.