Uber Technologies ST : under pressure below 79.31
The MACD must penetrate its zero line to expect further downside.
Our pivot point is at 79.31.
Our preference: under pressure below 79.31
Alternative scenario: above 79.31, look for 85.74 and 89.58.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 76.87 and 70.80). Finally, the Uber Technologies is trading below its lower Bollinger band (standing at 70.96).
Supports and resistances:
89.58 **
85.74 *
79.31 **
76.78
70.65 USD - last
62.39
58.80 **
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