UBER Technologies, Inc to crash 35%And that might just be the beginning of the end for UBER.
** A forecast for the months ahead **
On the above 6 day chart price action has rallied an astonishing 300% in the past 24 months. A number of reasons now exist for a bearish outlook. They include.
1) “Insider Has Just Sold Shares In Uber Technologies”
“Chief Marketing Officer and Senior Vice President of Communications & Public Policy recently netted about US$2.0m selling shares at an average price of US$72.90.”
simplywall.st
Don’t ignore insider selling.
2) Price action and RSI support breakouts.
3) Regular bearish divergence.
4) The Put/Call ratio. Calls outnumber Puts 3 to 1.
Is it possible price action continue up? Sure.
Is it probable? No.
Ww
