UIPath is forming an strong multiweek base or what is called a Wyckoff pattern. We already have seen stages of Primary support, secondary tests but what remains is a Spring where price needs to undercut previous lows of 9.5 by 20-30% and then start its upward journey.

Volume build up is significant but typical investing advice is to not try catch bottom in such stocks but let them make higher high higher lows and enter at a second higher low. This setup gives significant risk reward ratio and makes case for a multi bagger in making without risking catching of a falling knife.

We seem to be on temporary bottom for next few weeks and thereafter begin an up journey.