PATH - Rising Volume Lifts PricesOn the 4H chart PATH was on a trend down in April. The strength momentum ( green band) was
in a narrow range. In May as can be seen on the indicators, both volume and more especially
volatility have increased significantly. The chart pattern is now that of an upward facing
megaphone reflecting the volatility. The strength momentum band is much wider. Price
is above the POC line of the volume profile reflecting a bullish dominance. Fundamentally,
PATH is a player is the exploding AI subsector. Cathie Wood is quietly accumulating shares for
her ETFs as are many other large portfolio investors. In summary, PATH appears to be
an excellent long setup. Sitting in the shadows of NVDA, MU, TSM and others whose focus is
hardware, PATH provides software and services it. Its path to hypergrowth and so price
appreciation appears to be abundantly clear.
Trade ideas
PATH looks to recover to 25-28 areaPATH and other growth stocks might benefit from a potential FED halt-buy long duration.
PATH is set to benefit from it as it is a revolutionary industry, RPA and the growth rate of its revenues is still above 20%, even though many companies from the industry lost in revenue growth steam.
Technically, it crossed 200MA and consolidated for a while with a potential to break above 20 into 25-28 area.
Watchlist 2023-02-06 #AI #BBAI #COIN #TSN #PATH #ZIMSPY started Friday with some incredible bullish momo off the open, held for the better part of the afternoon before failing to follow through and then completely reversing. Gapping down this morning showing weakness. Now that we are below the 410 area, if we have a stuff move in the morning, 406, then 402 is the next area of support. Expecting another type of swipe up before making a significant move lower.
"AI" stocks - interested in dips at key levels that coincides with high vol nodes. Along with intraday VWAP holds for power hour rallies.
AI - 26.50
BBAI - 5.00
Other Long watches: PATH, ZIM, Looking for dips around key support.
Short watches:
COIN - big rejection off the 200 MA at 81. IF we see another rejection there that's a good place to enter short.
TSN- terrible earnings, 59.50 is a magnet pivot area. RR is favourable if we have a shove higher off the open with a swift rejection. Preferable enter around 62.93 pivot.
I focus on names trading elevate RVOL>2, trading past key ranges and pivots, typically with news catalysts,
Longsetup for PATHNYSE:PATH
We realized some unusual call volume in the last days for the chinese stock of PATH.
UiPath is a leading robotic process automation player. UiPath's stock has emerged as an attractive buy-the-dip pick.
High inflation has made it more difficult for organizations to manage expenses. UiPath's low-code software tools help organizations easily automate repetitive processes and tasks without the aid of a software engineer. The result is that businesses can save on time and costs, reduce human errors, and enjoy higher operational efficiency.
As evidence of the appeal of UiPath's offerings, consider that it added 1,020 new customers in the past year and served 10,650 customers at end of its fiscal third quarter on Oct. 31. Its annual recurring revenue rose by 36% to $1.1 billion at end of fiscal Q3 -- a figure that gives the company high revenue visibility. Its fiscal Q3 dollar-based net retention rate of 126% further highlights how successful it has been at cross-selling and upselling its products. And UiPath also boasts a solid balance sheet, with $1.7 billion in cash and negligible debt. (source: yahoo finance)
We bought the stock at 15.57 $
Buy Market: 15.57 $
Sell Stop Loss: 13.00
Sell Profit Target: 22.00
When the stock reaches 19.00 $ you can also move the stoploss to your entry price as a breakeven stop.
PATH UiPath Inc. Options Ahead Of EarningsLooking at the PATH UiPath Inc. options chain ahead of earnings , i would buy the $15 strike price Calls with
2023-2-17 expiration date for about
$0.90 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
PathUipath - Its Popularly known for Automation Software. It has Formed the Double top Pattern and it gave fall perfectly and Bounced back from Support 1.
The First Target should be 15 & the second target is 18.
If it breaks the Rectangle Box and below 12 then it can fall upto 10.85 .
Disc: Only for learning Purpose and not a trading Recommendation.
$PATH -67% DISCOUNT (52-WK) -77% (ATH)!UiPath is risky but good stock if you are thinking about adding a robotics and automation stock to your watchlist/portfolio. It is currently showing a possible sign of basing and reversal, but I think it has a way to go down! Any entry below $25 is Great! The stock has time to recover because it's based off the future and not the present.
Oversold, 10% bounce from $21.x?$PATH continues to be in downtrend (as highlighted in my previous post as well).
Price is currently oversold and knocking the boundary - which could potentially give us at least 10% (when traded Long). I like how this stock continues to ping pong in the channel, and the markings helped me pick a $20.7 price yesterday. Next resistance is marked on the charts.
What do you guys think?
Disclaimer: This is not a financial advise. Please make your independent decisions while making an investment.
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nice retest bounce! looking for a rally here now if it holds 👀path recently broke this this small trend channel and did a retest bounce. Textbook bullish pattern! love to see that. stop loss should be a break back into bearish trend channel, my targets are 43.57-49.62-55.67 like and follow for more! 💘