Any chart that isn’t tracking this is wrong. Breakout confirmation can be closer to 36.65 but ~$37 is sufficient. Price will target 1.618 fib level if valid.
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I don’t foresee much more downside.
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For anyone tracking my Uber ideas, Uber’s price reached my first target, and I expect a retracement to a price between $35 and $39. I don’t think the ~$39.5 retracement that happened after hours yesterday was enough, especially given, from what I’m tracking, that yesterday’s rally happened with low volume. After retracement, I’m targeting $68+.
Note: For this idea, $47 remains a target, but, perhaps, consider hedging.
Note: For this idea, $47 remains a target, but, perhaps, consider hedging.
