C3.AI Is it the new PALANTIR?

kelmarin

Last time we made an analysis on C3.ai (AI) (September 06 2024, see chart below), we gave a strong buy signal that not only did it successfully hit our $28.50 Target but also broke above the 1.5 year Channel Down:

The pattern that has emerged and looks to be what might place the strongest pressure moving on, is a Channel Up, starting from he December 2022 bottom. By early February we should also have formed the first Golden Cross on the 1W time-frame and that alone can apply high buying pressure.

Technically, the next obstacle for the stock to overcome is the Resistance Zone from the 2021 consolidation, which priced the previous High of June 2023. If the 1W MA50 (blue trend-line) holds and pushes the price above the Zone, we expect an aggressive push towards potentially the All Time High (ATH) of the stock, much like Palantir did on its own break-out. A more modest technical Target before that however, would be $130.00.

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