As positive mood returned, waiting for the break of resistance to buy more. Careful with Easter holidays as we could see some swings. Similar patterns in many stocks as investors jump on the wagon.
Please leave a like and share your thoughts on UBER!
Thanks for sharing this. My question is what area would you see as a buy zone based on current price and chart??
Thanks
Antonio_trader
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@pswills44, With Easter holidays starting, there might be quite a bit of profit taking soon. So careful with risk. Purely on the technical side, the current highs are $28.50, so an impulsive break through that is a good buy with small risk, since 61.8% is close. Ideally, this trade would go well if it broke to the upside after Easter.
pswills44
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@Antonio_trader, Thanks for your thoughts. Let's see where she heads on 10 mins... I hope north...
@Antonio_trader, Hope your well?? How are you feeling about Uber today?? seems range bound
DDBUCO
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@pswills44, From a technical view his idea is very much still valid. Ideally, I would prefer to see an impulsive move past $28.50 with a 4H candle close above for confirmation. With the massive ascending triangle (typically a bullish reversal pattern) we are currently in, I see some nice upside here.
With the low volume I am being cautious at this level.