Shares of the ride-hailing company (Uber Technology) has bottomed out after broken above the two-year downward trend. Recent data shows that stock price is upward biased with a support zone between 28 and 29 mark. As long as the stock holds above 28, it is likely to reach a target of 41.9 by the end of this year.
Downside risk is the area between 23 and 27 which is 13 to 25% from current price (USD31 per share).
SUPPORT=28/29
TARGET=41.9 (BASE-CASE SCENARIO)
TIME HORIZON=DEC 23
RISK=23/27
Downside risk is the area between 23 and 27 which is 13 to 25% from current price (USD31 per share).
SUPPORT=28/29
TARGET=41.9 (BASE-CASE SCENARIO)
TIME HORIZON=DEC 23
RISK=23/27
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.