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Good day, 360 –

Here are our top investing ideas today – these setups look primed! Be the best prepared trader on the Street!

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IDAI – Momentum continues, closes up 45% yesterday

CXAI – Trades up over 250% in pre-market on no news as overnight shorts are blown up

SAI – Another stock ending in AI up over 150% in pre-market on no news

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IDAI – Momentum continues, closes up 45% yesterday

We mentioned IDAI yesterday after it closed up over 100% on the announcement of 3 new U.S patents related to its Artificial Intelligence (AI) based biometric authentication technology.

The momentum continued yesterday with IDAI closing up another 45% yesterday and it gapped up another 8% higher this morning.

IDAI chart

The $4.80-$5 area was resistance over the last 2 days and should be an important level to watch. IDAI broke through it late yesterday afternoon and this area became support in the after-hours and in the pre-market this morning.

Above $5, targets to the upside are $5.50, $6.50, $7 with the pre-market high at $7.79.

Below $4.80, there is potential support at $4.10-$4, $3.50, $3.30, $3, $2.86, $2.60 and $2.20 below that.

CXAI- Trades up over 250% in pre-market as overnight shorts are trapped

CXApp (CXAI) had no company specific news yesterday. However, it was the AI stock du jour yesterday as it closed up over 345% to close at $7.13. Perhaps the lack of any news meant some stubborn shorts were stuck (and that was the bait) as CXAI traded as high $69 in pre-market, perhaps blowing out a stuck short with a margin call.

CXAI is still up around 250% in pre-market trade on top of yesterday’s close trading around $25.

CXAI chart

The $30 area has acted both support and resistance in the pre-market this morning so should be an important pivot level today.

Above it, targets to the upside are $33, $36, $39, with $45-$47 above that. The pre-market and all-time high is $69.47.

Below $30, there is potential support at $25, $21.50, $20, with $16-16.50 below that, then $12, yesterday’s high at $9.73 and a gap to fill at yesterday’s close of $7.13.

SAI – Another stock ending in AI up over 150% in pre-market on no news

As AI euphoria is approaching what could be its peak, SAI, another stock with a ticker ending in AI, closed up 24.57% yesterday, and gapped up another 150% this morning. There is no news for the stock, traders are running names that end in AI as we’ve seen all week. SAI is a low float stock, which only has 6.53 million shares in the float according to Finviz.

SAI chart

$3.45 was resistance in the pre-market. Now that SAI has broken through that, it becomes an area of potential support.

Above it, targets to the upside are $4, $4.30, $4.75, with the after-hours highs at $5.02. Beyond that, $6, $7, $9 and $10 come into play.

Below $3.45, there is potential support at $3.10, $2.80, $2.60, with $2 below that. Yesterday’s high was $1.92 with a gap to fill at yesterday’s close at $1.52.

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Economic Calendar (EST)

8:30am Retail sales

8:30am Import Export Prices

8:45am Fed Speaker Christopher Waller

9:15am Industrial Production

10:00am Business Inventories

10:00am Consumer Sentiment

1:00pm Baker Hughes rig count

Earnings for Today (After Market)

NO after hours earnings scheduled.

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