Uber - Waiting for another entry pointChecking back in with Uber this week since our last analysis. Check them out for more in depth TA & FA on those.
Quick & easy for this one:
We've had a couple of scalp plays in Uber for some nice profits. Uber has currently broekn down through support in the 4hr and the daily 200MA. We're looking now for another an entry around $27 region if we find support. If we dip below this one we will probably ladder buy all the way down to the next Fib Retracement level at $22.
Uber eats increased during the virus outbreak and Uber rides are increasing as states have opened up (even though virus cases has increased). Stock is still below IPO value. This one is a long term play to hold.
Shoot us a Follow and Hit the Like button for more updates.
Cheers!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on here, expressed or implied herein, are committed at your own risk, financial or otherwise.
