I’ve had my eye on this stock for months.
SoundHound is smaller, off-the-radar AI stock. The company owns several patents involving voice-recognition technology.
If you drive a Dodge, Chrysler, Jeep, Hyundai, Kia, Honda or Mercedes-Benz, you are probably using their software already.
HOUN ripped higher to start the year, but it got overcooked and settled back in the $3 range.
It has been forming a base for the last four months with resistance near $3.35, and the stock is now trying to breakout higher.
Notice how the volume bars mimic the action from the price candles. Volume climbs as the stock moves higher and declines as price comes down.
This is exactly what we want to see. It shows the aggressive action is on the buy side and bulls are in charge.
I want to see this stock stay above $3.25 and remain above the base. Traders may consider buying on a pullback into the $3.50-$4.00 area.
SoundHound is smaller, off-the-radar AI stock. The company owns several patents involving voice-recognition technology.
If you drive a Dodge, Chrysler, Jeep, Hyundai, Kia, Honda or Mercedes-Benz, you are probably using their software already.
HOUN ripped higher to start the year, but it got overcooked and settled back in the $3 range.
It has been forming a base for the last four months with resistance near $3.35, and the stock is now trying to breakout higher.
Notice how the volume bars mimic the action from the price candles. Volume climbs as the stock moves higher and declines as price comes down.
This is exactly what we want to see. It shows the aggressive action is on the buy side and bulls are in charge.
I want to see this stock stay above $3.25 and remain above the base. Traders may consider buying on a pullback into the $3.50-$4.00 area.