This small cap exploded and...

now there is another potential entry for a repeat!                                                                                                                                                                                                                                                                                                                                                                                                                 [banner] Today, I’d like to bring to your attention again a small cap stock that I brought to your attention a few weeks back. Since we wrote about it, this stock exploded up 36% over a few short weeks (don’t even get me started on how the options performed!), and has once again pulled back to what I think could be very attractive level. The company is called [C3.ai,]( ticker symbol AI. Recently, I've been writing about how artificial intelligence stock C3.ai (AI) is poised for a breakout. Here’s how the stock chart was setting up at that time: [AI chart]( Here’s what I wrote: ‘This is a longer-term flagpole pattern and there is plenty of potential upside here. The first target would be the $30 resistance level. Above that I think this stock could run $40+.’ And here’s what happened: [AI chart later] In less than 10 trading days, AI rocketed $10 from around $25 to over $34. That's over a 36% move in the stock just a few weeks, and the options were up many multiples of that. Now after the big move [a short report by Kerrisdale Capital sent the stock back down](, but, once again it’s trading near a major support area after getting bashed by the shorts. A few days ago, C3.ai (AI) issued a statement in regards to the short report, and buyers returned to AI plays last week. Now post the short report, there could a bunch more short sellers that have piled into the name. The setup is almost identical to the one we talked about a few weeks ago. So if this $20 level holds we might get another leg higher past $34, and if that does happen I think AI can see an even bigger move above $50 and perhaps much higher, as short sellers are forced out of their positions creating even more buying pressure. As a reminder C3.ai (AI) specializes in artificial intelligence and has been a sector leader among such stocks since the emergence of ChatGPT. C3 AI provides over 40 turnkey Enterprise AI applications that meet the business-critical needs of global enterprises in manufacturing, financial services, government, utilities, oil and gas, chemicals, agribusiness, defense and intelligence, and more. It counts blue-chip companies such as Shell and the U.S. Air Force as customers. This longer-term flagpole pattern is still in play. The first target would be the $35 area resistance level. Above that I think this stock could run $50+ with the extra short sellers that are likely to have bet against the stock. Remember, AI IPO’d at $42 per share and was trading above $170 in 2021. This is a real company and I wouldn’t be surprised to see this trading above $50 and possibly much higher if a short squeeze gets going! Good luck, and happy trading! [jeff sig] DISCLAIMER: To more fully understand any Ragingbull.com, LLC ("RagingBull") subscription, website, application or other service ("Services"), please review our full disclaimer located at . FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT INVESTMENT ADVICE. Any RagingBull Service offered is for educational and informational purposes only and should NOT be construed as a securities-related offer or solicitation, or be relied upon as personalized investment advice. RagingBull strongly recommends you consult a licensed or registered professional before making any investment decision. RESULTS PRESENTED NOT TYPICAL OR VERIFIED. 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