UBER – Momentum Pullback to 20 SMA: Classic Continuation Setup

Uber is giving one of my favorite swing setups — a shallow pullback into the “bone zone” (between the 9 EMA and 20 SMA) during a hot market.

🔹 Trend Continuation Play

Strong momentum stock pulling back right into the 20 SMA — not a deep retrace, just enough to reload.

In hot markets, I don’t wait for deep dips — I want tight consolidations into momentum zones.

🔹 The Bone Zone Setup

The shaded area between the 9 EMA and 20 SMA is where momentum stocks often base before the next leg up.

Price is respecting that zone perfectly — no breakdown, just controlled digestion.

🔹 Oversold Stochastics

Stochastics are in oversold territory — adds confirmation that this is a high-quality dip within a strong trend.

My Trade Plan:
1️⃣ Entry: Looking to start a swing position off the 20 SMA.
2️⃣ Add: On confirmation candle back above 9 EMA with volume.
3️⃣ Stop: Below 20 SMA lows — tight risk, strong reward if trend continues.

Why I Love This Setup:

Market’s hot — I want to ride strength, not fade it.

UBER is a trending name with institutional accumulation.

This pattern has worked again and again in strong tape.