Green Flags Galore on This AI Stock
It’s been a bearish week so far on Wall Street.
But there are always great opportunities somewhere.
One I really like is C3.ai (AI).
Its current chart is already showing signs it could head higher. And I go over all of those signs in detail in today’s video.
Click the image below to watch.
YOUR ACTION PLAN
The first chart is in Academy Sports and Outdoors (Nasdaq: ASO), which I covered in the watchlist yesterday morning. Yesterday we actually got the perfect entry off the 21-day exponential moving average, but ASO is still, more or less, a perfect chart. Great trend, great pattern, great squeeze… and as bonuses, we also have earnings coming up and high short float. I want to get long around $59 and stop on a daily close under $57, with my target being new highs over $64.
The second chart is in C3.ai (NYSE: AI), which I have been covering and continue to like. We have a daily squeeze here, which looks like it will fire long and take AI into the mid-$30s. I am waiting for a fresh signal to emerge on a shorter-time-frame chart like the hourly chart. I marked up the chart below to show where I think the price will consolidate – if that happens, I’ll be looking to get long in AI yet again.
P.S. If you want more trade ideas like this one, I recommend checking out The War Room. Back when I was working in construction, I never knew I could make trading into a full-time career. But when I joined a community of like-minded people, I discovered a new level of confidence. That’s what The War Room is. It’s a community of like-minded traders that’s led by veterans Bryan and Karim. They have a 73% win rate in 2023, and right now they’re guaranteeing members will receive 252 winning trades in their first 12 months.
P.P.S. I am really excited for a special project you will hear about later this week – right here in Trade of the Day. I’m working on finalizing the details of this new, one-of-a-kind project, which will show you how I achieved millionaire status. Now, I can’t reveal all the details just yet, but stay tuned for updates.