UiPath is a global software company for robotic process automation.
Reviewing the 1H chart, there may be an attempt at a bullish reversal.
- Price just below the pivot: $70.25 needs to be cleared.
- 1H RSI breaking above resistance to a 1-month high.
Note: It would surprise me to see a small flush lower before we get an 'official' bullish reversal (early lock-up expiry has been putting pressure on the shares).
Buy here ($69.75) or better.
Stop: $67.20
Target Range: $76.00-$77.60
Reviewing the 1H chart, there may be an attempt at a bullish reversal.
- Price just below the pivot: $70.25 needs to be cleared.
- 1H RSI breaking above resistance to a 1-month high.
Note: It would surprise me to see a small flush lower before we get an 'official' bullish reversal (early lock-up expiry has been putting pressure on the shares).
Buy here ($69.75) or better.
Stop: $67.20
Target Range: $76.00-$77.60
