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UBER TECHNOLOGIES INC CEDEAR EACH 2 REPR 1 COMUBER TECHNOLOGIES INC CEDEAR EACH 2 REPR 1 COMUBER TECHNOLOGIES INC CEDEAR EACH 2 REPR 1 COM

UBER TECHNOLOGIES INC CEDEAR EACH 2 REPR 1 COM

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UBERD trade ideas

Uber: Trick or TreatDon’t fall for Uber’s trick, instead play nice and wait for it’s Treat. Yesterday, Uber didn’t gain like most of the market did. Instead, Uber faked a close under 20 DMA but bounced upwards right at close. That bounce coincides with a long term trend line that had been acting as resistance but now appears to act as support. The pink vertical lines indicate bounces off the trend line by a high, low, open, or close price. If the trend line is valid support, then price could rally, slowly or quickly, to an ideal technical target price of $66. However, a more practical target price is closer to $54. Like, follow, and let’s see what happens.
NYSE:UBERLong
by Teklologist
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