AI – Quick Update
As I said yesterday in my response to GL on my post comment thread. I was looking for AI to fill the gap at 47 which if one was inclined to add or start a position, was my target. I added there today as the gap was filled. If you look at the chart it is forming a small inverse H&S bottom. Stock is extremely volatile. At best it reverses and heads higher from here. At worst, it builds the bottom in this area for a while before heading higher.
Thanks Sir CM.
Even though AI chart looks promising, I’m awaiting tomorrow’s jobs report before taking further action.
GL