OnlyFibs
Oct 5, 12:47 AM
• Structure: UiPath (
$PATH) on the weekly chart is testing major horizontal shelf support around
$12.50–
$13.12 spot following a descending wedge breakout. Recent options flow shows strong institutional call buying accumulating into long-dated strikes:
–
$699.8K in 03/19/2027
$15 Calls @
$1.75 (Ask Split) on 10/01
–
$494.8K in 12/18/2026
$15 Calls @
$0.83 (Ask Sweep Opening) on 09/30
–
$177.8K in 03/19/2027
$15 Calls @
$1.78 (Ask Block) on 10/01
–
$56.6K in 12/18/2026
$15 Calls @
$0.86 (Ask Sweep) on 09/30
–
$47.3K in 10/16/2026
$12.5 Calls @
$0.43 (Ask Sweep Unusual) on 09/28
Holding above
$12.00 support keeps the reversal setup alive for a expansion back toward major volume resistance at
$15.00,
$17.50, and
$20.00+. A breakdown below
$11.35 invalidates the base and opens risk toward
$10.00.
🎯 Key Levels:
🐂 Bull Trigger:
$13.50 /
$15.00
🚀 Targets:
$17.50 /
$20.00 /
$22.50
🛡 Support:
$12.50 /
$12.00
⚠️ Risk:
$11.35 /
$10.00 #PATH #stocks #options #trading #hovdid
0 replies