UBER is approaching pivotal levels that will determine whether they can sustain moves that will not only break previous ATH's but fuel the momentum to new ATH's. On the opposite side of the same coin, those same levels may push UBER back 6 months growth.
Right now, there is plenty of discussions and movements from companies towards driverless ridesharing. We...
Uber technologies, the American Mobility Company, is moving up from the recent bottom. It looks in the making of impulse 1st wave and then the possibility of 2nd wave down before going further up.
Uber technologies, the American Mobility provider is proving Taxi and other services. It has seen the long down movement. If we analyze, it can be treated as a correction to make a stop at recent bottom and moving up further.
Disclaimer: 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
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My Level: LONG at $37.60
Why: Monthly pivot. Usually only has $1.50 range.
My Level: SHORT at $41.60-41.80
Why: Looking for a fade into G2C (gap to close). Any push into that would be a fade. Purely technical play.
Live Challenging Market Analysis Buy UBER STOCK @ 41.93
Target @ 65.00
Entry 2 @ 23.66
Target Buy 1 & 2 @ 41.93
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