$UBER - Pullback To Key Support After Multi Week Rally

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UBER has pulled back into a major support zone at 82.88 after a strong run toward the recent highs near 92.75. Price is now consolidating at the lower end of this micro-range, holding above value-area support and attempting to stabilize after heavy selling pressure.

The chart shows a clear liquidity sweep below support followed by buyers stepping back in, which can be a constructive sign if momentum continues to shift upward.

We prefer the long setup closer to 82.88, where both structure and volume support align.

Technical Overview

Support Levels:

82.88 (primary support, ideal buy zone)

82.40 (local low)

81.51 (momentum failure level)

Resistance Levels:

84.57 (current ceiling and VWAP zone)

87.62 (value-area boundary)

91.38 (major supply zone)

92.75 (recent high)

Structure:

Strong prior uptrend followed by retracement

Consolidation forming above 82.88

Sideways corrective range with declining volume

Price trading inside high-volume node on VPVR

Momentum:

MACD histogram shifting toward neutral

RSI stabilizing after the flush

Buyers defending support consistently

Trend Bias:

Bullish as long as price holds above 82.88

Strongly bullish above 84.57

As long as UBER holds above 82.88, bulls maintain control over this retracement setup.
A reclaim and hold above 84.57 opens the door to 87.62, 91.38, and a potential retest of 92.75.

A breakdown below 81.51 signals failed momentum for this setup.

My Plan

Entry Zone: 82.88 to 83.25
Targets: 84.57, 87.62, 91.38
Stretch Target: 92.75
Invalidation: Close below 81.51

UBER remains in a bullish macro structure, and this pullback may offer one of the cleaner continuation entries if support holds.

Share your thoughts, and I will post an update if we confirm a breakout over 84.57.

#UBER #Stocks #MyMIWallet #TradeAlerts LYFT AMZN GOOG

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