UBER: Close to the 0.618 Fibonacci. Pull back buy opportunity.
UBER has recovered 50% so far of the sell-off since the July high and is now close to the 0.618 Fibonacci retracement level. With the RSI on extremely overbought levels both on 4H (RSI = 85.104) and 1D (RSI = 84.218), we expect a pull back and consolidation here within the 0.382 and 0.618 width.
The 4H RSI is on a Channel Up since the November bottom and its support levels are as seen on the chart. Use them accordingly. We expect UBER to soon recover its highs and our Target Zone is 44.70 - 47.00.
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The 4H RSI is on a Channel Up since the November bottom and its support levels are as seen on the chart. Use them accordingly. We expect UBER to soon recover its highs and our Target Zone is 44.70 - 47.00.
** If you like our free content follow our profile (www.tradingview.com/u/InvestingScope) to get more daily ideas. **
Comments and likes are greatly appreciated.
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Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial