Will MDAI bounce with the market this afternoon?

Could be a “buy the dip” moment in the market                                                                                                                                                                                                                                                                                                                                                                                                                 February 08, 2024 Will MDAI bounce with the market this afternoon?  *Sponsored by Lifewater Media This is another wild day of trading. Markets have swung from green… to red… then green again. Where will the dust settle today? The new AI-powered idea I sent you this morning on Spectral AI (MDAI), is no exception. MDAI traded strong at the open… went red… then rallied… and settling near the base again right now. This is an important time to watch the stock though. It has shown sudden surges from the low points several times over the last month. Will this prove to be another “dip buy” opportunity? Those hourly “GO” signals in the chart above are some of my favorite indicators to follow. Keep an eye on that trend. I think it is important to read the shareholder letter the CEO issued this week as well. If you can’t get excited about the prospects of an AI-focused company with a huge government award + great revenue guidance for this year… then what are you waiting for? Make sure you are keeping MDAI on your watchlist today. If missed the email I sent out this morning, I encourage you to read the highlights below… With a $149M Government Contract in its Pocket, Low Float (MDAI) is an AI-Powered Stock that Deserves Your Immediate Attention With the markets in “melt-up mode,” I can’t help but share another timely idea with you today. We all know the “AI” story by now.  Everywhere you turn, you hear about how stocks like NVDA, SMCI, or PLTR are crushing earnings and making new all-time highs thanks to AI-fueled growth. What a lot of traders are overlooking right now is how those AI efficiencies are helping small companies exponentially accelerate their business. That’s where Spectral AI (Nasdaq: MDAI) comes into play today. As you learn more about the company, I think you’ll be incredibly impressed with how they are applying AI technology in an attempt to revolutionize medical diagnostics for burn victims. But the main reason I think you need to look closely at MDAI right now is purely because of the price chart. If you are an active trader, that chart is a thing of beauty. ☝️ You know that I am a huge fan of using the AI-powered “Go” signals in my personal trading. This is something I have learned to use as a confirmation on trading setups that I already like. Just look at the “Go” signals in the chart above for MDAI over the last several weeks. Three of them were triggered prior to moves of 37%, 43% and even 66% in very short periods of time. The one “false signal” still led to a respectable 10% move higher. Yesterday, I just saw a new “GO” signal fire.  We are still in the early innings of this trend, so I think it is very important that you pay attention to what happens next. As long as this stock trades above the 20-hourly moving average (the yellow line on my chart above), I think MDAI is building bullish momentum. Think for a moment about the first time you heard about all of the AI-technology breakouts with stocks. It was probably about a year ago, right? AI wasn’t even on the radar of most traders before then. That is why I think we are still in the very early stages of this breakout trend. There are countless industries that are going to be revolutionized by AI.  The companies that are early movers and harness the power of this new technology are going to DOMINATE and grow by leaps and bounds. If you don’t have MDAI on your shortlist of stocks to watch in this sector, I’m convinced you are missing a big opportunity. While most small stocks in this sector are still struggling to make their first dollar, MDAI just told investors they are [forecasting $28 million in revenue for FY2024.]( Keep in mind that [Yahoo Finance]( reports that MDAI has a market cap of just $35M right now – and they are guiding for $28M in sales.  And that’s just for THIS year… who knows what kind of growth is ahead of them? If that wasn’t enough, MDAI dropped a bombshell in their [shareholder letter]( this week. They announced the largest contract in the Company’s history – a $149 million award from BARDA that provides non-dilutive funding for ongoing product development and procurement. $149 million? I mean, what kind of tiny, unknown company gets an award like that?  When you see headlines like that, you definitely need to dig deeper into the story.  That is a game-changer. That is the kind of award that could totally change the trajectory of a company. They also reiterated that – pending regulatory authorization in the US and UK – the Company will generate revenue across four separate platforms covering burn and DFU within the next three years, with the potential for initial commercial revenue as soon as the second half of 2024. The letter to shareholders this week was a defining moment for MDAI. I think traders will look back at that and wonder why they weren’t paying attention to this stock. Hopefully you’re paying attention and aren’t kicking yourself in the future! I could write a lot about the prospects for MDAI, but I really want you to look into this Company on your own. Get started by checking out the investor info section on their [website](. I want you to focus on the powerful technical setup right now on the price chart (“Go” signals), and consider the massive government award + strong revenue guidance for this year. You don’t see a combination like this too often. Do your homework on it and see if you like it as much as I do! Jeff Bishop *Sponsored content. This investment involves substantial risk. Please see full disclosure below, and detailed discussion of risks and atypical results. Questions or concerns about our products? Email Support@ragingbull.com © Copyright 2022, RagingBull DISCLAIMER *COMPENSATED CONTENT. Raging Bull has currently been paid sixteen thousand dollars from Lifewater Media, who was compensated by a third party not affiliated with the Company for advertising Spectral AI, Inc. 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