So many time frames showing great value in UBER combined with the fact that this is a reopening play, in my opinion UBER has fantastic potential in the following months.
DAILY
UBER is now testing a support which it has already tested 3 times and held. Currently oversold on both RSI and MFI. The combination of being oversold in BOTH MFI and RSI has been of significant value for me in finding undervalued
stocks with great upside. MACD is also below the 0 line and will look to climb back up.
WEEKLY
Currently hovering around the 43 dollar support and has retraced back to .382 fib retracement done from 34.5 takeoff to 64 top.
4 HR
Clinging onto its VPVR range between 43 to 45. Lets see if this can hold.
1 HR
Bullish divergence on MACD, RSI and MFI.
STOP LOSS AT 42.5 INCASE IT GAP FILLS BACK TO 36.5 ON DAILY. TARGET IS GAP FILL TO 50 ON DAILY AND BEYOND!
DAILY
UBER is now testing a support which it has already tested 3 times and held. Currently oversold on both RSI and MFI. The combination of being oversold in BOTH MFI and RSI has been of significant value for me in finding undervalued
stocks with great upside. MACD is also below the 0 line and will look to climb back up.
WEEKLY
Currently hovering around the 43 dollar support and has retraced back to .382 fib retracement done from 34.5 takeoff to 64 top.
4 HR
Clinging onto its VPVR range between 43 to 45. Lets see if this can hold.
1 HR
Bullish divergence on MACD, RSI and MFI.
STOP LOSS AT 42.5 INCASE IT GAP FILLS BACK TO 36.5 ON DAILY. TARGET IS GAP FILL TO 50 ON DAILY AND BEYOND!