Uber stock analysis
Updated
Uber has reached the high area of confluence of $28.30 which acted both as resistance and support in the past.
1) There is a MACD crossing which may mean there will be a discontinuation of the current bearish trend.
2) RSI is bellow 30 and making higher lows
3) Lower Bollinger band almost touched last Friday at market close
1) There is a MACD crossing which may mean there will be a discontinuation of the current bearish trend.
2) RSI is bellow 30 and making higher lows
3) Lower Bollinger band almost touched last Friday at market close
Trade closed: target reached
Target reached after earnings echos, especially due to management regardless of losses
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.