Uber Makes One Stop Lower Before Bulling Break
Updated
#uber Has been building the final right formation of an inverse head and shoulders over the last week. As we see the triangle starting to tighten we can expect to see a breakout soon. Be cautious of the four hour RSI dipping below 50%, indicating we may see another reset of the RSI before we break to the upside.With Tesla showing interest in automation of public transportation and stimulus funding likely going to companies like Uber and others like it, i remain bulling long-term.
Note
Uber dipped below the support line but then re-entered the bullish zone... keep your stop losses tight. this could reverse and run down quick if the market goes south.Note
Uber with the Strong breakout. #bagsecured
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.