There's no denying that $AI has taken a beating in the recent months. However, I am confident that we have reached the bottom(or at least near) and can start the road to recovery.
If today's reversal holds, I am confident that we have seen a Bullish Harmonic Butterfly pattern and can expect us to land back in the high $100s by EOY. Likewise, the Bollinger Bands indicate that the stock is oversold and due for at least some type of correction.
Disclaimer: I bought at $100 near its IPO. This is an investment to me, not a trade, and I will continue holding at least until LT capital gains tax. Trade how you see fit.
If today's reversal holds, I am confident that we have seen a Bullish Harmonic Butterfly pattern and can expect us to land back in the high $100s by EOY. Likewise, the Bollinger Bands indicate that the stock is oversold and due for at least some type of correction.
Disclaimer: I bought at $100 near its IPO. This is an investment to me, not a trade, and I will continue holding at least until LT capital gains tax. Trade how you see fit.