Technical : - tested the $50 priceline 3 major times & completely rejected the last time it was down there. - not much data on larger time frames, only recently went public - price currently testing the $58 priceline, will most likely reject due to good fundamentals & future potential of the company. (If rejected high possibility of a bull run to possible potential value of 200 billion market cap. Which is roughly $100 per share.)
Fundamentals : - UBER has lots of upside potential from car rental to ride sharing, UBER eats, uber air, travel, & local delivery in general. - UBER will most likely act as a proxy from consumer to mobility company in the future with an Amazon based business model focused on growth. - UBERs functionality & fundamentals extremely solid, I dont see it failing. Extremely safe investment with huge upside. (Personally I do believe it is a 10x company worth a trillion dollars. I also believe it will outgrow tesla)