C3.AI: Waiting for this huge buy breakout signal.

18 Nov

C3.ai is on a neutral technical outlook both on the 1D and 1W timeframes (RSI = 51.525, MACD = -0.010, ADX = 22.326) as it is trading around the 1W MA50 for 5 straight weeks. This sideways price action is approaching the top of the June 2023 Channel Down, which on the greater scale technically looks like a giant Bull Flag. For the first time in its history, the 1W MA200 is at 33.00 and falling. A test of the top of the Channel Down may coincide with a 1W MA200. This is the level that separates the long term bearish from bullish trends. If it breaks we will go long and target the R1 level (TP = 49.00).


## If you like our free content follow our profile to get more daily ideas. ##

## Comments and likes are greatly appreciated. ##