And now Path, or UiPath, this software company, has also announced its earnings and they just met expectations, didn't they? They only met the basic expectations . But when you are in a situation where the stock rises before the earnings announcement.
With an increase of more than 86% due to excessive excitement about what might happen. That won't be enough, will it? Simply meeting basic expectations. No , we want you to exceed expectations, which caused the price to drop, and the price is still above its previous earnings, and is still 15% higher than its previous earnings, as it literally failed to earn and exceeded revenue expectations.
For me, the main support level I'll be watching is the nice gap closing here around $14, which is a proper and round number for UI Path.