Uber breakout play week of 6/28UBER has of late been tradeing in a bastardized bull pennant/descending wedge down from its feburary highs. Its held descending support and resistance well enough with a break above the downtrend as well as horizontal support at 51.50. I intend to enter calls on a reterst of 51.50 and look for a break of 54.75 and finally 59, past 59 if it can make new highs meaning an eventual run to 68-70 is possible. A break and hold back into the pennant cancels the trade until the next break out.
