So in looking at the Chart for C3.ai it appears that it may be setup for a breakout from a Pennant or Flag Formation. My take is that the Flag pole took too many days to form and so rather than Breakout in a Bullish Continuation trend to $69.00 it is more likely to break down to around $28.00. The volume on the Breakout and the direction will tell you what the expectation is so get set to either jump back in with a Long Position or Short It as it breaks down.
ความคิดเห็น:
Be careful if it breaks out to the Upside and the volume is still low because with the Bearish Divergence on Both THE MFI and RSI it could just be a Head Fake or Bear Trap and right after you buy in the floor will drop out from under you.