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$SoundHound AI(SOUN.US$ has been on a slow and steady decline since its MAY 11 earnings release. Despite its rapid growth, SoundHound is still experiencing losses and increased operating expenses. Last year, the cost for a single share of Soundhound was around $1.20 a share. After it was reported that $NVIDIA(NVDA.US$ had placed a small stake in the company, share price soared to new heights and has been vying for attention ever since.
Let's see what the pros are saying:
What are the technicals indicating?
From the look of the technicals, it is recommended that daytraders may want to avoid this for now. However, bagholders and the like should load up, or DCA that portfolio.
What is the Fibonacci Pivot point?
Daily Moving Averages?
What do the other technical indicators look like?
Let's have a look into those financials:
Last but certainly not least, the dark pool and short interest:
After getting a glimpse at the bigger picture, it is clear that Soundhound is looking for support, and it will find it. I'll be sure to get in while the gettings good! If you are a bagholder, this is your time to shine. Lower your DCA!
GL TRADERS!!!
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Operations Specialist, Shellback Sailor, Human Calculator, Long-time Investor, Stock Market Secrets
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