PATH --- Pop?PATH — Setting Up for a Pop?
UiPath (PATH) is showing signs of strength as it builds a base just above key Fibonacci support and prepares for a potential breakout in the broader AI + Robotics narrative.
Technical Setup:
Price holding above the 38.2% Fib retracement from the May rally.
Volume shelf + value area support at ~$12.30–$12.50 creating a launchpad.
21/50/200 SMAs converging — this type of compression often precedes expansion.
TTM Squeeze building pressure — prior squeezes on this name have led to fast directional moves.
Fundamental Tailwinds:
PATH is an automation leader riding the AI + enterprise software wave.
Sector rotation into Robotics and AI names (SYM, ROK, RR) lifting sentiment.
Recent dark pool activity shows accumulation—large 8M+ share blocks suggest institutional interest.
Thesis:
A close above $12.70 could trigger a move into the $13.40–$14.60 resistance zone, with a possible gap fill toward $18 on strong momentum.
Risk:
Invalidation below $11.80 (50% retracement / SMA cluster). Tight risk-reward if using LEAPs or long shares.
