Update on AI
It was about a month ago I posted about looking to buy C3 ai (AI) around 60. As I often am, I was a bit early, as the stock fell as low as the 47 area. Even given that, I have a nice short term profit and because of the chart and a catalyst, I am taking profits here, but looking to buy back on a dip. After tomorrow’s close, the company will be reporting earnings. Given the sharp bounce since the bottom a few weeks ago, I think the stock is due to pullback to the 60 area. I will be looking to again go long there, since that will be building the right shoulder of an inverse H&S pattern.