Hello, Traders! Monfex is at your service and today we overview UBER.
Uber said that they will achieve profitability of EBITDA in 2021. After this we see fallin of its shares -9.8%. But it looks like speculative statement because of great demand near $26.
Bearish divergence by RSI has already played out. Now Uber has a triple bullish divergence, and the price is near the support line of this falling wedge. It's going to the resistance zone.
Target ~ $31.5
Market Cap 46.074B
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