Get started
Uber- Technical AnalysisDisclaimer: I don’t own shares of UBER. The below analysis is not a trading or investment recommendation & is only for learning purpose. • Price is under the short term 20 period & long term 200 period moving averages. • Price & RSI show an unconfirmed bullish divergence. Confirmation of this divergence is obtained through price closing above the trendline & sustaining itself above the trend line. • Immediate resistance points seems to be the 20MA, the intersection of price & the trendline shown in the chart, the most recent pivot at $26.69 & the 200MA • Immediate support is around $20.16 which is the most recent low. • Price closing below $20.16 could trigger another round of downward movement. • Volume increase has been seen around the recent lows made by price but the stock needs to see more of such high bouts of volume to end the downward path & sustain it’s upward journey. • An important development to look out for would be for the recurrence of hidden bearish divergence. • The most recent hidden bearish divergence has been shown using dotted arrows on price & RSI. • Hidden bearish divergence occurs when price continues to make new lower highs in a downtrend but RSI at the corresponding price levels makes a higher high. • Hidden bearish divergence is usually a trend continuation signal. Since the existing trend in this chart is downwards, hidden bearish divergence tells us that the downward move hasn’t probably come to an end yet. • Please exercise caution & always respect support & resistances for establishing stop losses while trading. Good luck, make money!
NYSE:UBER
by Venkat_014
$IBOGF CEO Thoughts on H.C Wainwright.It gives UI great pleasure to announce that Nick Karos, CEO, will speak at the H.C. Wainwright 1st Annual Mental Health Conference: Neuropsychiatry, Psychedelics and Beyond. On June 27, 2022, a hybrid online and offline event will take place. "H.C. Wainwright is a leader in the field and may be a significant strategic partner in our ongoing corporate finance roadmap," said Nick Karos, CEO of Universal Ibogaine. Another crucial step in raising awareness of our brand and service is the chance to share our story with this audience.
OTC:IBOGF
by immediateSnow30226