$SOUN On Breakout Watchlist

SOUN is an AI stock that has not gotten much love as with other AI themed issues. Maybe one reason the market has been ignoring it is that has yet to make a profit. However, they are in the AI voice response business which cuts across many industries. While I think they have a bright and disruptive type future, it is the market’s opinion that matters.

You can see my notes on the chart. There are two merging resistance areas, the IPO AVWAP and resistance area since March. I have an alert set at $3.40. If it can get above and hold this may have room to run. This is the kind of stock that could easily double or triple in a short period of time. All TBD.

Thanks for looking. I hope this helps someone. Constructive comments always welcome.

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Just opened a 1/4 size position... tight stop. Let's see if this one can move.