Having the opportunity to work closely with the commercial auto industry gives me a greater perspective on how ride-sharing service companies have changed the way in which we use transportation. Ride-sharing service companies are no longer limiting their services for the transportation of people, food and product delivery have gained strength as additional revenue streams for these companies. Matter fact, revenue from delivery services increased about 70% according to UBER's Q2 results. According to sources, about 50,000 people on a monthly basis submit applications to become drivers in the main ride-sharing service companies such as UBER and LYFT. Besides potential solid fundamentals, UBER stock has been respecting the technicals beautifully.
Trade active
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Target one has been reached. The story - Prop 22 Onto to target two
Trade closed: target reached
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Beautiful to see how technically Uber is behaving. Onto to the next targets. Will provide updates shortly. For now, all the projected targets have been reached