Uber Technologies, Inc.
Long
Updated

$UBER Double Bottom - Downtrend Breakout

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UBER Double Bottom - Downtrend Breakout

After moving counter-SPY during the initial pullback beginning September 3rd, UBER pulled back to ~$33 and formed a clear double bottom. After forming this bottom it broke out of a downtrend line at $34 which has also acted as long term flat-line resistance.

BTO UBER 10/2 $35c avg $.50

Bonus Trade: BTO ETSY 10/2 $120c avg $2.40
Note
UBER calls were up 200% at one point and closed +100%, I trimmed these through the day.
ETSY calls closed up over 100% and still holding.
Note
ETSY was closed this morning at $5 +~100%

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