CheelooTrader

UBER - ATH likely in 2024

Long
BATS:UBER   Uber Technologies, Inc.

  • I must admit despite all the TA I have tried with this name, profit has eluded me because most upward action has bee around ER. I have tried not hold big positions into ER, but this name has proved me wrong last three times.
  • Bounced off of 60 VMA nicely an caught fire. another test of 45 or flag above would set this up nicely for 60.
  • despite sluggish volume, this has help up really well. Suggests institutional ownership is high and when market conditions improve, this is likely to blast off.
  • No position

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