jaxdog

$PATH on Breakout Watch

Long
jaxdog Updated   
NYSE:PATH   UiPath, Inc.
PATH has been consolidating in a stage 1 base for a while now as shown on this weekly chart. I see PATH is putting in a series of higher lows and is sitting just under an area of resistance. The breakout looks like it would be over $20.

I'll be looking at a lower timeframe and a good market to get involved. See relevant notations on the chart.

Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.
Comment:
PATH may give me a reversal entry with this pullback. No trade until and unless it reverses back up.
Comment:
If PATH can build a higher low, I'll start looking for an entry. If makes a lower low it's off my radar for now.

Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.

I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.