C3.ai: Channel Down bottom buy.

C3.ai (AI) is bearish on the 1D technical outlook (RSI = 36.727, MACD = -1.800, ADX = 49.528) but has staged a solid recovery at the bottom of the 1 year Channel Down. This sequence is very much like the October 2023 bottom, which targeted the 0.786 Fib as a LH. Having completed a MACD Bullish Cross, we go long aiming at the top of the Channel Down (TP = 32.50).


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

## Comments and likes are greatly appreciated. ##