Don’t Trade This Stock Until You Read This…

Don’t Trade This Stock Until You Read This…

Posted On August 3, 2022 12:42 pm

C3.ai, Inc. provides enterprise artificial intelligence (AI) software for digital transformation. It delivers the C3 AI suite for developing, deploying, and operating large-scale AI, predictive analytics, and Internet of Things (IoT) applications in addition to a portfolio of turn-key AI applications.

Take a look at the 1-year chart of C3 (NYSE: AI) below with the added notations:

Chart of AI provided by TradingView

AI has hit the $21.5 mark as resistance (yellow) on three separate occasions since mid-April. After pulling lower after the most recent test of $21.5, the stock appears to have turned higher again. A break above $21.5 could open the door to higher prices for AI.

The Tale of the Tape: AI has an important level of resistance at $21.5. A long trade could be entered on a break through that level, with a stop placed below it. However…

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