Tech Stock Sensei

Don’t Trade This Stock Until You Read This…, 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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