TopOptionAlert
Oct 22, 8:33 AM
$PATH NOV20 14C · still actionable
Zone:
$13.61 to
$13.81
Invalidation: close under
$13.29
Objectives:
$14.55, then
$15.35
The math: up 6.1% to the first objective and 12.0% to the second, against 3.1% risk on the invalidation, better than 3 to 1 to the second
Dear friend, picture a software name that kept bumping into the same ceiling near 14 dollars and kept stepping back instead of falling apart. UiPath closed Wednesday at 13.71 dollars, up 2.08 percent, after holding 13.29 dollars on the day, which in plain terms means buyers defended the low and pushed price right back toward that ceiling. This is a swing setup, because a hold above 13.29 leaves room for a push through 14 toward the next open ground above, while a close under that low would say the ceiling still owns this name and you step aside.
P.S. Watch 13.80 first. It was the high on Wednesday, and a close over it would show buyers pressing at the ceiling, not just defending the floor.
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