Interesting chart for PATH My reading is:
It is about to go up for the last 5th/E wave (MAX: $21, 39%), not recommended to jump in because it may truncate before. However, in general, it is forming either:
1- Leading Diagonal for the 1st wave and it should correct and go to the 2nd (down) wave around $12.20 (not precise), if it did not break $10.40 and retracted then it will go the a good impulsive 3rd wave (I will update goals later)
2- Triangle, then beak down the $10.40 to form the 5th wave down
Just watch...
Trade ideas
PATH - Long PositionOn the chart we can see that the price of PATH is creating lower highs and higher lows. It is anticipated that price will experience a pullback before going up and reaching the resistance level, especially as it reached 200 EMA which is acting as a resistance.
Entry price, stop loss and target are shown on the chart.
Good luck!
UiPath - PATH Potential BreakoutLooking at PATH, so far this year they have been on an upward trajectory gaining approx. 50% overall. The inverted H&S looks to be valid even with the False Breakout and the potential gain could be 29.2% if you're looking at the price from the Head to the Neckline of $5.49 and add that onto a Breakout point of approx. $18.78. It is currently trading for 5 days above the 7 day ema with a relatively strong RSI and MFI.
$PATH Breaking Out of Consolidation?I have a small position from July 11 on regaining all shorter-term MAs in anticipation of a new breakout. It looks as though that may be happening today. See all my notations on the chart. What I like about this is that we have a nice long base lasting about 9 months. The 18 Month AVWAP is now right at the area of resistance and price is over both. The chart shows a higher low which is indicative of an uptrend. Notice the first breakout failed. That has been happening a lot this year. Often the second or third attempt works.
I will be looking to add to my position with any consolidation over the now (hopefully) support area. My stop is close below the 21 EMA (Blue).
Ideas, not investing / trading advice. Constructive feedback always welcome. Thanks for looking. Hope it helps.
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.
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.






















