PATH ahead of earnings on 29th May

About PATH

- Process automation company,for which they do well in. But still often mistaken for AI as it is more ML based

- They have developed their own GenAI solution (Auto-pilot) but yet to be established commercially

- They had recently achieved GAAP positive and sitting on a big pool of cash (1b+)

- They have a good FCF

- Good in what they do but have stiff competition

Price Action (Update 25 May 2024)

- Earnings coming up on 29 May 2024

- Since hitting the recent high of 27, it has since come back down to a better value of around 20

- A bear flag had been formed from the breakdown from 23.80 on 21 Mar 2024 and had been in consolidation

- Had been unable to retrace back above Fib 38.2 so remains slightly bearish headed into earnings

Earnings bullish reaction

- A good push up to 22.17 up to 23.83 (range of oversupply resistance)

- Looks unlikely to break above 23.83 but if it does, then back to the previous high of 27 would be re-tested

Earnings bearish reaction

- The counter will move back to the better value range of 15 to 18

- Bear flag extension brings it to 15.60 where it will find support and consolidate sideways

- Resistance will be at 17.40

My plays

- Had started to nibble but in small amounts at 20

- Will look for bigger nibbles if it gaps down to 15.60 region

Good luck, all!

PATH Daily Chart - 25 May 2024

@melson @TigerStars @macroB @CaptainTiger @Deposit

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Comments

Deposit
05-26
Deposit
interesting indeed!
- Asphen:
  very good!

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What news/movements are worth noting in the market today? Any stocks to watch? \n2. What trading opportunities are there? Do you have any plans?\n🎁 Make a post here, everyone stands a chance to win Tiger coins!","image":"https://static.tigerbbs.com/cd8eaff2e99964ab7a80d92cc196fcd3"}],"images":[{"img":"https://community-static.tradeup.com/news/3170f982608375f600dab3dd5fcb8aa0","width":"1280","height":"660"}],"coverImages":[{"img":"https://community-static.tradeup.com/news/3170f982608375f600dab3dd5fcb8aa0","width":"1280","height":"660"}],"title":"PATH ahead of earnings on 29th May\n\n","html":"<html><head></head><body><h3>About PATH</h3>\n<p>- Process automation company,for which they do well in. But still often mistaken for AI as it is more ML based&nbsp;</p>\n<p>- They have developed their own GenAI solution (Auto-pilot) but yet to be established commercially&nbsp;</p>\n<p>- They had recently achieved GAAP positive and sitting on a big pool of cash (1b+)</p>\n<p>- They have a good FCF&nbsp;</p>\n<p>- Good in what they do but have stiff competition</p>\n<p><br></p>\n<h3>Price Action (Update 25 May 2024)</h3>\n<p>- Earnings coming up on 29 May 2024</p>\n<p>- Since hitting the recent high of 27, it has since come back down to a better value of around 20</p>\n<p>- A bear flag had been formed from the breakdown from 23.80 on 21 Mar 2024 and had been in consolidation</p>\n<p>- Had been unable to retrace back above Fib 38.2 so remains slightly bearish headed into earnings</p>\n<p><br></p>\n<h3>Earnings bullish reaction</h3>\n<p>- A good push up to 22.17 up to 23.83 (range of oversupply resistance)</p>\n<p>- Looks unlikely to break above 23.83 but if it does, then back to the previous high of 27 would be re-tested</p>\n<p><br></p>\n<h3>Earnings bearish reaction</h3>\n<p>- The counter will move back to the better value range of 15 to 18</p>\n<p>- Bear flag extension brings it to 15.60 where it will find support and consolidate sideways</p>\n<p>- Resistance will be at 17.40</p>\n<p><br></p>\n<h3>My plays</h3>\n<p>- Had started to nibble but in small amounts at 20</p>\n<p>- Will look for bigger nibbles if it gaps down to 15.60 region</p>\n<p><br></p>\n<p>Good luck, all!</p>\n<p class=\"t-img-caption\" style=\"display: flex; flex-direction: column; align-items: center;\"><img src=\"https://community-static.tradeup.com/news/3170f982608375f600dab3dd5fcb8aa0\" tg-width=\"1280\" tg-height=\"660\"><span class=\"\">PATH Daily Chart - 25 May 2024</span></p>\n<p><a href=\"https://ttm.financial/U/4123471905369072\">@melson </a>&nbsp;<a href=\"https://ttm.financial/U/9000000000000149\">@TigerStars </a>&nbsp;<a href=\"https://ttm.financial/U/3560858852313727\">@macroB </a>&nbsp;<a href=\"https://ttm.financial/U/3527667618000160\">@CaptainTiger </a>&nbsp;<a href=\"https://ttm.financial/U/3577700186071729\">@Deposit </a>&nbsp;</p>\n<p><a href=\"https://ttm.financial/S/PATH\">$UiPath(PATH)$ </a>&nbsp;</p></body></html>","htmlText":"<html><head></head><body><h3>About PATH</h3>\n<p>- Process automation company,for which they do well in. But still often mistaken for AI as it is more ML based&nbsp;</p>\n<p>- They have developed their own GenAI solution (Auto-pilot) but yet to be established commercially&nbsp;</p>\n<p>- They had recently achieved GAAP positive and sitting on a big pool of cash (1b+)</p>\n<p>- They have a good FCF&nbsp;</p>\n<p>- Good in what they do but have stiff competition</p>\n<p><br></p>\n<h3>Price Action (Update 25 May 2024)</h3>\n<p>- Earnings coming up on 29 May 2024</p>\n<p>- Since hitting the recent high of 27, it has since come back down to a better value of around 20</p>\n<p>- A bear flag had been formed from the breakdown from 23.80 on 21 Mar 2024 and had been in consolidation</p>\n<p>- Had been unable to retrace back above Fib 38.2 so remains slightly bearish headed into earnings</p>\n<p><br></p>\n<h3>Earnings bullish reaction</h3>\n<p>- A good push up to 22.17 up to 23.83 (range of oversupply resistance)</p>\n<p>- Looks unlikely to break above 23.83 but if it does, then back to the previous high of 27 would be re-tested</p>\n<p><br></p>\n<h3>Earnings bearish reaction</h3>\n<p>- The counter will move back to the better value range of 15 to 18</p>\n<p>- Bear flag extension brings it to 15.60 where it will find support and consolidate sideways</p>\n<p>- Resistance will be at 17.40</p>\n<p><br></p>\n<h3>My plays</h3>\n<p>- Had started to nibble but in small amounts at 20</p>\n<p>- Will look for bigger nibbles if it gaps down to 15.60 region</p>\n<p><br></p>\n<p>Good luck, all!</p>\n<p class=\"t-img-caption\" style=\"display: flex; flex-direction: column; align-items: center;\"><img src=\"https://community-static.tradeup.com/news/3170f982608375f600dab3dd5fcb8aa0\" tg-width=\"1280\" tg-height=\"660\"><span class=\"\">PATH Daily Chart - 25 May 2024</span></p>\n<p><a href=\"https://ttm.financial/U/4123471905369072\">@melson </a>&nbsp;<a href=\"https://ttm.financial/U/9000000000000149\">@TigerStars </a>&nbsp;<a href=\"https://ttm.financial/U/3560858852313727\">@macroB </a>&nbsp;<a href=\"https://ttm.financial/U/3527667618000160\">@CaptainTiger </a>&nbsp;<a href=\"https://ttm.financial/U/3577700186071729\">@Deposit </a>&nbsp;</p>\n<p><a href=\"https://ttm.financial/S/PATH\">$UiPath(PATH)$ </a>&nbsp;</p></body></html>","text":"About PATH - Process automation company,for which they do well in. But still often mistaken for AI as it is more ML based - They have developed their own GenAI solution (Auto-pilot) but yet to be established commercially - They had recently achieved GAAP positive and sitting on a big pool of cash (1b+) - They have a good FCF - Good in what they do but have stiff competition Price Action (Update 25 May 2024) - Earnings coming up on 29 May 2024 - Since hitting the recent high of 27, it has since come back down to a better value of around 20 - A bear flag had been formed from the breakdown from 23.80 on 21 Mar 2024 and had been in consolidation - Had been unable to retrace back above Fib 38.2 so remains slightly bearish headed into earnings Earnings bullish reaction - A good push up to 22.17 up to 23.83 (range of oversupply resistance) - Looks unlikely to break above 23.83 but if it does, then back to the previous high of 27 would be re-tested Earnings bearish reaction - The counter will move back to the better value range of 15 to 18 - Bear flag extension brings it to 15.60 where it will find support and consolidate sideways - Resistance will be at 17.40 My plays - Had started to nibble but in small amounts at 20 - Will look for bigger nibbles if it gaps down to 15.60 region Good luck, all! PATH Daily Chart - 25 May 2024 @melson @TigerStars @macroB @CaptainTiger @Deposit $UiPath(PATH)$","highlighted":1,"essential":1,"paper":2,"likeSize":7,"commentSize":2,"repostSize":1,"favoriteSize":0,"link":"https://ttm.financial/post/309717432529016","repostId":0,"isVote":1,"tweetType":1,"viewCount":432,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["PATH"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":1143,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":309689945116680,"gmtCreate":1716654457587,"gmtModify":1716654461103,"authorId":3577700186071729,"author":{"id":3577700186071729,"authorId":3577700186071729,"name":"Deposit","avatar":"https://community-static.tradeup.com/news/755d4c9154e36e706401c15b014f3aea","vip":1,"crmLevel":7,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":309717432529016,"type":1,"supId":0,"prevId":0,"content":"interesting indeed!","text":"interesting indeed!","html":"interesting indeed!","likeSize":2,"commentSize":1,"subComments":[{"id":309862100566248,"gmtCreate":1716654519732,"gmtModify":1716654524391,"authorId":3576339097425722,"author":{"id":3576339097425722,"authorId":3576339097425722,"name":"Asphen","avatar":"https://community-static.tradeup.com/news/55ff1b64b2787933c17d863ecae83f09","vip":1,"currentWearingBadge":{"badgeId":"1f541396f99840fb977d0ab0ce343c94-1","templateUuid":"1f541396f99840fb977d0ab0ce343c94","name":"Weekly Top Contributor","description":"Contributors with best Editor's Picks every week","bigImgUrl":"https://static.tigerbbs.com/271475ceaf67d40016c8cfa16c08c8b3","smallImgUrl":"https://static.tigerbbs.com/5a6336061b9ba82ba9177c7ec476f5f2","redirectLinkEnabled":1,"redirectLink":"https://ttm.financial/TW/9000980585","hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":2,"allocatedDate":"2022.08.08","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":2004},"crmLevel":8,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":309717432529016,"type":1,"supId":309689945116680,"prevId":0,"content":"very good!","text":"very good!","html":"very good!"}],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0}],"isCommentEnd":false,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/309717432529016"}