SamSuka
The Long Investor
The Long Investor

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$AI - WATCHLIST -

We have another stock here that is looking primed to move to the upside.

Wave 1 was not pretty, I need to start with that but they never are and waves can overlap here normally but Wave 2 is important....especially when it holds the 0.618 Fib as well as $AI has.

$AI spent Sept to Nov just riding out the storm and holding this level at $25.

The price is now above the 50 and 200 Day MA and starting to curl up.

How many times have we seen this lately before a large upside bounce? a lot.

Ultimately the risk is off when the price goes above the blue line at $42 and into the bull case.

Either way, I see the price drifting up to this level now.

$AI - WATCHLIST -

Comments

earnings today as well. An update would be highly appreciated

Seb

Cap, any updates here? Earnings today!

makis

Nearly went under wave 2 yesterday

Seb

50 day ma approaching 200 day MA (cross), will that help?

Seb

Now back below 50 and 200 day MA, must react very quickly

Seb


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