TopOptionAlert
Oct 21, 5:37 AM
$PATH NOV20 14C · still actionable
Zone:
$13.34 to
$13.52
Invalidation: close under
$12.73
Objectives:
$14.25, then
$15.05
The math: up 6.1% to the first objective and 12.1% to the second, against 5.2% risk on the invalidation, about 2.3 to 1 to the second.
Dear friend, picture a stock that stopped falling and spent the last few sessions building a small shelf above
$12.73. That is this swing setup, with UiPath closing at
$13.43 after rising 2.36 percent on the day and holding its opening low all session. What that means for you is simple. Buyers are defending the base instead of chasing, and there is open room above before the next real test shows up.
P.S. Watch
$13.62 first, the high from October 20. A close above it would say this base is starting to lift, not just hold.
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