Monfex
Long

Has UBER finally started to grow ?

NYSE:UBER   UBER TECHNOLOGIES INC
Hello, Traders!
Monfex is at your service and today we overview UBER.

Uber said that they will achieve profitability of EBITDA in 2021. After this we see fallin of its shares -9.8%. But it looks like speculative statement because of great demand near $26.

Bearish divergence by RSI has already played out.
Now Uber has a triple bullish divergence , and the price is near the support line of this falling wedge . It's going to the resistance zone .

  • Target ~ $31.5

    Market Cap
    $46.074B

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Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
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