$UiPath(PATH)$Are we on the ri

2021-12-29

$UiPath(PATH)$Are we on the right “PATH”,

From the chart path really have a strong resistance at ema 20 , and price is 45,it hit quite a lot time , yet unable to break through.

Now is consolidating around 42-44, so Isit best time to buy? Once it break above 45 , whoaaaaa it will be great news for those who pick the bottom around 40. From a short term perspective, if it can break ema20 it can be a good buy as next resistance would be 49 and subsequently 53 . In a long term perspective , this company fundamental are good just that it need more user for its AI product . They have begun their UIpath courses , certainly a great pathway to encourage people to use by showcasing how coding able to make daily task easier to do . However , to advance ahead , UI PATH has a lot of catch up to be done . Thus , I would look to start a small

Position in it , if it is able to break above ema 20 . PATH has great fundamental , but technical wise , I would be monitoring first .

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Comments

Snoopymint
2022-01-01
Snoopymint
Great. Thank you

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