UiPath, Inc.Long
$PATH Breaking Out of Consolidation?
Updated
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.
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.
Trade closed manually
Closed this for a breakeven trade. I'll let this consolidate a bit. Still high on my watchlist. And it's not doing anything wrong. Just protecting P&L. I'll look at this again next week.
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I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
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