UBER: A top signal under a resistance? Post-Earnings analysis.
• UBER is doing some interesting technical movements, even with the increased volatility after earnings;
• UBER went up just to hit the previous resistance at $30.24, a previous support from Oct 06;
• While I’m writing this, UBER is trying to do a Shooting Star candlestick pattern, a top sign;
• If UBER confirms a top sign, just under a resistance area, then we might expect a correction;
• Therefore, if UBER corrects to its 21 ema around $27 - $28, it won’t be a huge surprise;
• In order to avoid this, UBER has to react as soon as possible and break the $30.24;
• If UBER breaks its resistance, the next target would be at $33.38 (green line).
Remember to follow me to keep in touch with my analyses!
• UBER went up just to hit the previous resistance at $30.24, a previous support from Oct 06;
• While I’m writing this, UBER is trying to do a Shooting Star candlestick pattern, a top sign;
• If UBER confirms a top sign, just under a resistance area, then we might expect a correction;
• Therefore, if UBER corrects to its 21 ema around $27 - $28, it won’t be a huge surprise;
• In order to avoid this, UBER has to react as soon as possible and break the $30.24;
• If UBER breaks its resistance, the next target would be at $33.38 (green line).
Remember to follow me to keep in touch with my analyses!
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.