Small Cap AI Platform Forms Bullish Cup and Handle
C3.AI (AI) shares are triggering a bullish MACD cross after testing the rising 200 EMA near 30 at key support and now looks ready to run higher above the monthly value area high near 35. AI is a volatile name but has seen a ton of bullish flow of late with a 1/7 buyer of 35,000 March $35 calls still holding in open interest while also seeing opening put sales in March $37.50 and $32.50 puts for over 5000x each. AI has also seen its high short float come down from 28% in July to now just 17%, often a good signal for a stock that has bottomed out like AI with the long basing pattern formed the past 6 months between 25-35. The weekly chart is forming a cup and handle pattern that can target 50.