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Trading Analysis Uber Technologies ST : as long as 69.92 is support look for 88.50

Uber Technologies ST : as long as 69.92 is support look for 88.50

The price could retrace.

Our pivot point is at 69.92.

Our preference: as long as 69.92 is support look for 88.50

Alternative scenario: below 69.92, expect 63.81 and 60.18.

Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is below its 20 period moving average (77.03) but above its 50 period moving average (70.09).

Supports and resistances:

96.01 **

92.25 *

88.50 **

84.74

74.96 USD - last

72.32

69.92 **

Disclaimer

The reference points and analysis of the trading strategy are provided by the third party provider Trading Central, and the strategies are only the independent evaluation and judgment of individual analyst, without considering the investor's investment goals and financial status. All strategies do not constitute investment advice or recommendations, and are for reference only. Our company also does not guarantee the accuracy of the strategy, and does not assume any responsibility for negative results caused by trading strategies.