UBER: Next on the watch list
This is a promising chart so i'll move UBER to the top of the watch list - we like stocks that are coming back from a sell into buy mode - we see this in UBER on both the daily and the weekly charts
also UBER has not fully recovered to the pre-COVID levels like other stocks - leaving a good upside of ~18% (target #1) to ~28% (target #2)
i like a quick dip back to the $32.5 for entry (with the hook that seems to be forming)
from the very "basic fundamentals" standpoint, UBER is a major disruptor - and the business hasn't even started to reap some of the potential it deserves .. it may be the next big mover -- let's keep watching it closely.
also UBER has not fully recovered to the pre-COVID levels like other stocks - leaving a good upside of ~18% (target #1) to ~28% (target #2)
i like a quick dip back to the $32.5 for entry (with the hook that seems to be forming)
from the very "basic fundamentals" standpoint, UBER is a major disruptor - and the business hasn't even started to reap some of the potential it deserves .. it may be the next big mover -- let's keep watching it closely.
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