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koenjan
May 2, 2020 9:40 AM

UBER Downward Break From Ascending Triangle | TP $21.67 

Uber Technologies, Inc.NYSE

Description

UBER about to break out downwards of ascending triangle. DM+ / DM- projected to meet in 1-2 days confirming downward sales pressure. Climb pressure has been declining suggesting strong break-out about to occur. RSI has already begun to come down from local maxima.

Take profit set at 21.67, the next local resistance. May come down as far as 13.71.
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