UBER has been in my eyes for a while now, as we played it earlier in March. There has been a lot of sideways trading with Uber last week. Off the Fibonacci lines, we see it trading right in between the 55.83 (38.2%) and the 58.97 (61.80%) lines. As of Friday Market’s Close, Uber was trading above all EMA’s / MA’s / VWAP. Watch for a small pullback for the stock to the $55 - $56 (around the 38.2% FIB line) before we see it pick up more in volume and break out of the triangle.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.