Hi everyone, this is Gabin for another analysis.
So Uber has formed a bullish Head-and-shoulders pattern represented by the green trendlines i drew.
The stock broke the neckline (descending red trendline) few days ago.
Now we've got a pull back on the neckline and volumes came yesterday.
I will consider buying for a swing trade to reach the next resistance. Despite the fact that the RRR (Risk-Return-Ratio) is not that good, win probability is above 50% to me.
Disclaimer: This post is not an investment advice and you should always trade according to your strategy.
So Uber has formed a bullish Head-and-shoulders pattern represented by the green trendlines i drew.
The stock broke the neckline (descending red trendline) few days ago.
Now we've got a pull back on the neckline and volumes came yesterday.
I will consider buying for a swing trade to reach the next resistance. Despite the fact that the RRR (Risk-Return-Ratio) is not that good, win probability is above 50% to me.
Disclaimer: This post is not an investment advice and you should always trade according to your strategy.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.