DavidJamesTrading

Ascending triangle leading to the upside

Long
NYSE:UBER   Uber Technologies, Inc
New to trading so any advice would be appreciated. Heavy level of resistance and there is plenty of potentially 'positive' news coming out in the next week or so. Trumps hopes of being re-elected for a second time are pretty dismal at present and he has to do something drastic to change this, so a forced opening of the states sounds reasonable to increase his chances. As I think Uber has been performing better than any other ride hire during the pandemic is because of Uber eats and in turn may have won some customer loyalty and therefore increase market share, and so could surpass previous highs in the longer term. However, I can see a small push up in the short term as economies open but anything could happen after that. I think we could possibly see cases increasing after lockdown has been lifted but the extent of the increase is anybody's guess.