Thoughts on UBER
Hello everyone,
Here are some thoughts on UBER (I am long at 46.13):
The very optimistic view is to bounce from the current position back into the channel. The MACD slightly supports this.
A less optimistic view is to bounce from ~ 44.7 (Fib level 23.6) back into the channel. We might see moderate support at ~ 44.5 – 45.15. EMA200 (45.38) is broken.
If we drop below the ~ 44.7 level, we might see ~ 41.3 – 42.1 (which matches the 38.2 Fib level).
Here are some thoughts on UBER (I am long at 46.13):
The very optimistic view is to bounce from the current position back into the channel. The MACD slightly supports this.
A less optimistic view is to bounce from ~ 44.7 (Fib level 23.6) back into the channel. We might see moderate support at ~ 44.5 – 45.15. EMA200 (45.38) is broken.
If we drop below the ~ 44.7 level, we might see ~ 41.3 – 42.1 (which matches the 38.2 Fib level).
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.