UBER - Rising Trend Channel [MidTerm]

- UBER is in a rising trend channel in the medium long term.
- The price has reacted back after the break of the rectangle formation.
- There is support around 29.76, which now indicates good buying opportunities.
- The stock has broken down through support at 31.60.
- RSI diverges positively against the price, which indicates a possibility for a reaction up.
- The RSI curve shows a rising trend, which supports the positive trend.
- The stock is overall assessed as technically slightly positive for the medium long term.

*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price

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