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.
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.
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.
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.