PUT your technicals to the test

Dwight K Schrute : That doesn’t mean that the earnings can’t blow the stock out of the water just because the rsi is up doesn’t mean anything about the news that could be coming ay and maybe there earnings are gonna be bad but it’s not gonna drop because the rsi is low maybbeeee it will drop some before earnings but not much

Mr-Silk OP Dwight K Schrute : @Classic case of  “buy the news, sell the rumor”. Ai c3 is riding the momentum off of Nvidia earnings. Every indicator I’ve checked suggest bearish activity forming, plus the balance sheet suggest this company is bleeding revenue. Its forward guidance is its only salvation, and that’s questionable IMO. Its seemingly forming a possible cup and handle on the Daily chart. It’s gotta pull back before the bounce up if that’s the case. It’s a short CALL, long PUT play IMO.

Also it’s a HOLD/SELL for 97% hedge funds and whales alike. Cathie Wood (ARK Innovation) doesn’t even hold Ai c3 in its ETF, and she’s all in on AI/tech.

70589470 Bud : We have a buy signal on the weekly last time that happen was Jan 2021 it ran to 175 now with the ai craze and nvidua blowout earnings and they reached a deal on debt ceiling I will go in at 33 and sell at 49 200 ema on weekly is at 54 if we bust through that we will go to 75 ish yes a lot of indicators are way overbought but look at nviidua indicators they are way overbought still I’m pretty new at investing only couple years experience short int is through the roof also

Mr-Silk OP 70589470 Bud : Your projections may be correct but market sentiment can't be the only catalyst. The EPS is crazy, and most importantly the company's balance sheet is upside down. They're spending more than they're making. They haven't turned any solid profits since inception. Just because Ai is in the name doesn't authorize a upswing long term. Fundamentals and technicals call the shots on earnings day. I stand by the age old axiom; "men and women lie, numbers don't."  

It's likely to continue to rally Tuesday, then smooth out on Wednesday just before the drop, aftermarket earnings call.

Further more comparing NVDA and AI is like comparing apples and grapes. NVDA and AAPL are basically  holding up the entire equity market currently
( AAPL-trillion dollar, NVDA- billion dollar revenue companies, both innovative leaders in the Ai space). Ai c3 isn't even on the radar.

Dwight K Schrute Mr-Silk OP : Thank you so much for your take conversations like this let educate people so when Ai got good earnings last time was that just guidance? Also do you have any good sources to look at a companies numbers I need better sources

Mr-Silk OP Dwight K Schrute : You’re welcome! We’re all learning from each other!
My go to tools are:

Fed Board Calendar
FINVIZ.com - Stock Screener
tipranks.com/ac...
Investopedia
U.S. Economic Calendar - MarketWatch

Much success to you!

Dwight K Schrute Mr-Silk OP : Thank you so much much to you as well