Category: Forex News, News
Super Micro price faces negative pressure – Forecast today
UiPath’s stock price (PATH) edged higher in latest intraday trading, while trying to pierce the pivotal resistance of $11.40, representing the neckline of a positive technical pattern that formed in the short term, the Double Bottom pattern, while supported by positive signals from the Stochastic despite reaching overbought levels, as the stock tries to shake off negative pressure from the 50-day SMA.
Therefore we expect more gains for the stock, provided it settles above $11.40, targeting the resistance of $13.25 as a price target for that Double Bottom pattern.
Today’s price forecast: Bullish
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Written by : Editorial team of BIPNs
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