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LD_Perspectives
Jun 27, 2021 8:34 PM

UiPath  Long

UiPath, Inc.NYSE

Description

UiPath is a global software company for robotic process automation.

Reviewing the 1H chart, there may be an attempt at a bullish reversal.

- Price just below the pivot: $70.25 needs to be cleared.

- 1H RSI breaking above resistance to a 1-month high.

Note: It would surprise me to see a small flush lower before we get an 'official' bullish reversal (early lock-up expiry has been putting pressure on the shares).

Buy here ($69.75) or better.

Stop: $67.20

Target Range: $76.00-$77.60
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