Uber is determining the course

20 September 2022 361
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The Uber stock is moving in an upward trend from the lows of July. Last week, the price reached a 5-month maximum of 34.29, and then a reversal pattern of “shooting star” was formed on the chart.

Quotes declined closer to the trendline, where buyers showed strength and kept Uber from testing the level of 30.5. The “harami cross” on the chart represents an increased uncertainty, therefore, the movement to 30.5 might be resumed. In order to start moving upward, the gap on the level of 32.8 has to be closed.

This content is for informational purposes only and is not intended to be investing advice.

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