$AI - RC -
Added 2023-06-22 12:47:26 +0000 UTCThere has been wild swings here since April, for now the fundamentals do not translate into a valuation of $4.2 Billion but with a company name such as $Ai, it has certainly benefited from the Ai craze over the last few weeks....it topped out at $50 and has pulled back quite aggressively.
$35 is where everyone should be watching now....if it breaks below this level, the impulse wave is invalidated and this moves down in 5 waves, which is common after Wave C finished high.
If it can hold above $35, then it can certainly move higher for Wave 3 and Wave 5.
FWD PE of 317 shows just how much this has been hyped up, this is a red flag.
