Uber: Breaking out to a new range
Uber stands to benefit from possible recovery with positive vaccine news
after hitting our previous projection, yesterday Uber broke out into a new price range and on good volume - our next projection based on price structure and volatility is a measured move of ~$13 from a base of $46.5 -- takes us to $59.5
the confirmation we need is that with a pull back, Uber bulls manage to keep the stock above support at $51.50 to $52 -- i have marked the possible path in white - we'll see.
the weekly view supports this scenario with positive sentiment and an expanding buying pressure.
after hitting our previous projection, yesterday Uber broke out into a new price range and on good volume - our next projection based on price structure and volatility is a measured move of ~$13 from a base of $46.5 -- takes us to $59.5
the confirmation we need is that with a pull back, Uber bulls manage to keep the stock above support at $51.50 to $52 -- i have marked the possible path in white - we'll see.
the weekly view supports this scenario with positive sentiment and an expanding buying pressure.
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.