Uber bullish divergence

05 march 2022 80
Maria_Yudina
Maria_Yudina

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Since last year, Uber stock price has been moving in a descending channel. Yesterday the price broke down the bottom of the channel again and stopped at the support 29.72. DeMarker indicator is in oversold zone, and the share price and DeMarker have formed a bullish divergence. We expect Uber stock price to rise and return to the channel.

Maria_Yudina
Maria_Yudina

Listed among the best MarketCheese authors
1st in the segment "US stocks"
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