RedKTrader

UBER: Long but still risky

Long
NYSE:UBER   Uber Technologies, Inc.
this is a quick update from previous linked post. the drop in the past 2 days presented an opportunity to improve break-even price - although the price action today and the momentum profile supports a case for "long" - i'd consider UBER to be risky until it moves beyond the safe zone on the chart - so watching closely.

the price targets are added to the chart - timeframe is to hold until Q4 and maybe beyond - if a breakout scenario is confirmed.

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