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Slothcharts14
Jan 22, 2020 1:15 AM

UBER watch for resistance - BTD Long

Uber Technologies, Inc.NYSE

Description

Ubers just been way too strong to ignore lately. Huge positive with the Uber Eats news, although it was known - the beating this sector took late last year - it was bound to help fuel the buying.

I'm not adding to my position but waiting to see if we pull back to the $34 area.

Cup I drew out shouldn't really be thought too much into, just curious to see if a C&H could form, wouldn't count on it.

Uber has been $ and I don't see the mood changing too much until earnings which will dictate the next phase.

$40 by earnings.

GLTA

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UBER Earnings is no surprise, EBITDA profitable sooner than the street expected. Hold this till something changes IMO.
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