Uber Technologies, Inc.
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Thoughts on UBER

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Hello everyone,

Here are some thoughts on UBER (I am long at 46.13):

The very optimistic view is to bounce from the current position back into the channel. The MACD slightly supports this.

A less optimistic view is to bounce from ~ 44.7 (Fib level 23.6) back into the channel. We might see moderate support at ~ 44.5 – 45.15. EMA200 (45.38) is broken.

If we drop below the ~ 44.7 level, we might see ~ 41.3 – 42.1 (which matches the 38.2 Fib level).

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