Trading Journal Bought at the bounce from the EMA $8,
sold 1/2 position $9 to book in profit
Sold remaining position $14.x as it was getting too advanced.
Will look to buy back in at the touch of other ema
SOUN trade ideas
SOUNDHOUND - take profitTake some profit at these levels as this stock may be more of speculation stock at the higher levels
Closer to an interim peakThe outsized upside moves we are seeing in recent days of more speculative names within the market (e.g. SOUN but also Bitcoin mining stonks on the back of BTC breaking $100k) are symptomatic of a nearing tradable top for many names and the market as a whole even if this is only an "interim" top, a decent correction is likely to follow in coming weeks (maybe into 1Q 2025).
SOUN Bullish Potential Volume Increasing
Resistance Turned Support
Breakout of Triangle
MACD bullish
Stochastic/RSI turning Bullish
Perhaps we might be in for another 450% rise to $25
SOUN blew through targetGreat setup. I hope some were able to catch it. I wish I would have added more. My target was accurate but I did not see a one day move this size. With the money I made on calls I will be adding to shares on a pullback and some LEAPS.
Ready to take a Flyer?Part of the fun of investing is accepting a bit of risk for outsized rewards. NASDAQ:SOUN fits the bill. Through 2 acquisitions in the the last couple of months they are predicting annual revenues north of $150 million. While not profitable they are in the hot space of AI software and have a plethora of customers across a number of industries. By rolling up smaller companies that already have revenues and customers they can establish their beachhead and start building their moats. They are by no means cheap and a value play but what they are is a potential meme stock that can 2x or 3x on the momentum. Going to take a flyer and see where this goes over the next couple weeks.
SOUND has been on fireLooking at .SOUN250117C10. Its getting overbought but not horrible. See if it pulls back Monday pre-market. I've been playing SOUN since NVDA announced their investment in them last year with great results.
$SOUN: OUTLOOKNASDAQ:SOUN : OUTLOOK
If we get any type of pullback, I am buying!📈
Expecting $10.25 soon!
👉 LIKE & FOLLOW for more updates!
SOUN stock interviewSOUN stock
Voice artificial intelligence company founded in 2005
Provides a voice AI platform that enables businesses to offer customized conversational experiences to consumers
Looks amazing in the weekly time frame!
with a return to a trading range (back to where most trading candles are made);
bullish trend (positive)
In terms of Q3 news
Revenues increased by 89% from last year and amounted to 25.1 million dollars
Exceeding forecasts and its strong demand in various industries
Growth in the automotive and restaurant sector!
looking good to 13$ right now
SOUN stock interviewSOUN stock
Voice artificial intelligence company founded in 2005
Provides a voice AI platform that enables businesses to offer customized conversational experiences to consumers
Looks amazing in the weekly time frame!
with a return to a trading range (back to where most trading candles are made);
bullish trend (positive)
In terms of Q3 news
Revenues increased by 89% from last year and amounted to 25.1 million dollars
Exceeding forecasts and its strong demand in various industries
Growth in the automotive and restaurant sector!
looking good to 13$ right now
SOUN decision pointSOUN trying to break old resistance. Here it’s a decision point.
Target : 8.5 short term
Stop loss: as per your loss capacity (use tight stop loss)
Earning is also on the way
#DYOR
Soundhound - Who Let the Dogs Out SoundHound AI has shown significant revenue growth recently, benefiting from a rising interest in AI-driven technologies, particularly in voice AI. The company's Q3 2024 revenue exceeded $25 million, marking an 89% year-over-year increase and underscoring a promising trajectory in its voice AI solutions across various sectors such as automotive and customer service.
After a 2 year period of what may be an accumulation range from 2022-2024, the stock has broken out of the previous range, into a potential uptrend that can lead this stock back to all time highs.
There are a few confluence zones that I would like to see respected on the chart marked by several indicators to establish the direction of the trend.
Firstly, the volume profile can give me an idea where the support zone would be, you can see these zones marked in orange being the value area high, and value area low of the range. The point of control marked in blue is where the majority of the volume in the range is traded. At the moment we have broken out of this trend and are hitting resistance at the 0.618 retracement zone at approx $7.60 - $8.
I would welcome a pullback to look for high probability entry zones on this stock. As we can see, we have a nice confluence at approx $6.50 where the Value Area High sits, on top of the anchored vwap marked in green. Just below sits the 0.382 fib level which can confirm a strong upwards trend.
I would welcome an entry at $6.50 zone if we can find buyers and support to bring this one back to the liquidity zone at $10.30 for a total of 60%. Stop loss would occur when the Vwap is lost, as well as price losing the value area high that could signal lower prices to come.
While SoundHound's AI technology may hold long-term potential, it is not without risks. Investors need to consider the company's ongoing efforts to scale and maintain profitability, as well as the volatile nature of the broader AI market. It is not unusual for these stocks to swing 10-20% very quickly.
Therefore, while it may be an exciting speculative play, it is essential to have strict Risk management when trading and monitor market stability.
$SOUN : WE ARE BREAKING THE SOUND BARRIER! I TOLD YOU LAST WEEK!NASDAQ:SOUN : WE ARE BREAKING THE SOUND BARRIER! I TRIED TO TELL YOU LAST WEEK.
Now you see why the video I posted on Sound Hound AI was TV's Editor's pick of the week!
We are just getting started, though, and now you see how well my "High Five Setup" works!
Almost 10% on the day bang! If your in this name with me show some love in the comments!
The chart shows price targets in Green and the measured moves!
Not financial advice.
$SOUN :Is Sound Hound AI the next small cap to SURGE?! 98% move!NASDAQ:SOUN
Is Sound Hound AI the next small cap to SURGE?!
I believe this stock is gearing up for a 98% move higher! So, let's dive into my video below, which talks about the NASDAQ:SOUN stock charting setup for a SURGE to the upside and how it meets my 5/5 trading setup! (My personal trading strategy)
Not financial advice.
Like ❤️ Follow🤳 Share 🔂
Comment what stock you want to see charting analysis on below.
SOUND HOUND AI $SOUN - 6/17 - THE STOCK GAUNTLET CONTINUES!⚔️🛡️ THE STOCK GAUNTLET CONTINUES! ⚔️🛡️
STOCK/ TRADE SETUP UPDATE: 6/17
6⃣ SOUND HOUND AI - NASDAQ:SOUN
Video Analysis:
Show some love by: ❤️
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Hit the🔔as well to be notified when each video drops
NFA #tradingstrategy #HIGHFIVESETUP
NASDAQ:SOUN
NASDAQ:SOUN
Sound Hound Ai is about to turn the volume up! 98% Move InboundNASDAQ:SOUN
🔊 NASDAQ:SOUN Update 🔊
We are 6/6 on earnings plays, and now we’ve got the #HIGHFIVESETUP on Sound Hound Ai! 🧠
Called this out a week or two ago, and if you stayed patient and ignored the noise, you had the chance to build your position during the retest of the symmetrical triangle breakout. Now, we’re geared up for a higher move heading into earnings next week.
Here’s what’s happening:
Pullback to the volume shelf and 9/21 EMA: We’re bouncing off, maintaining a higher low from the breakout point—bullish channel intact! 📈
HAMMER candle forming: This reversal candlestick signals a big move higher is on the horizon. 🔨💥
The jacuzzi is reaching that perfect temperature—are you hopping in or missing out? 🚀🌊
Check out the full video and original @TradingView editors' pick linked to this post.
LIKE IT! ♥️ SHARE IT! 🔁 BOOKMARK IT! 📘
NFA
Soun LongSOUN stock is showing strong bullish momentum after breaking through key resistance levels, making it an interesting buy opportunity. it has potential targets of $7.92 and $11.32, supported by increased trading volume.
SOUN Bullish Potential ? Volume Increasing , Resistance Turned Support , Breakout Of triangle on weekly , MACD Bullish , Stochastic RSI Turning Up , RSI rising
Earnings soon
Perhaps we might be in for another 450% rise to 25$
SOUN LongHello, fundamentals r great and technical are even greater, very clear and beautiful, if nothing changes, plus cut rate coming, that's my expectations
SoundHound AI reports record revenue growth in Q2SoundHound AI Inc. has demonstrated a significant uptick in its financial performance with a strong Q2 earnings report , a testament to its economic stability. Sounhound AI not only posted record revenue, but also maintained a robust cash reserve, signalling healthy operational stamina and potential for further growth. This performance is underpinned by the promising prospects of expanding applications for its voice technology software.
In the last quarter, SoundHound AI's revenue surged 54% year-over-year to 13.5 million USD, while its GAAP gross margin stood at 63%. The company's total subscriptions and order book roughly doubled from the previous year. Despite these gains, SoundHound reported a net loss of 37.3 USD million or 0.11 USD per share. SoundHound's recent acquisition of Amélia, a firm specialising in conversational AI technologies, also positions it to venture into new sectors such as finance, insurance, and healthcare, promising further diversification and revenue streams.
Technical analysis of SoundHound AI Inc. (NASDAQ: SOUN)
Exploring potential trading opportunities based on the current technical landscape of SoundHound AI's stock:
Timeframe : Daily (D1)
Current trend : the stock shows a sideways channel formation with an emerging uptrend
Resistance level : 5.30 USD
Support level : 3.95 USD
Potential downtrend target : should a downtrend take hold, the downside target could be at 2.40 USD
Short-term target : if the uptrend gains momentum and the stock breaks through the resistance at 5.30 USD, a short-term target could be 6.45 USD
Medium-term target : with sustained positive movement, the stock price might target 7.95 USD
A strategic acquisition and the potential to enter new markets could significantly impact SoundHound AI's stock performance and valuation. Investors should monitor SoundHound AI closely, especially considering its proven ability to leverage its technological innovations in conversational AI across various industries.
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Just an idea for $SOUNNot financial advise. Just practicing drawing some lines and finding/marking structures.
