Analysis of $UBER technologies, Primary trend was broken by the intermediate trend.
Finding support above the previous resistance line was an indication of continuation of the primary trend.
Target 1 ~$52.00 is the next resistance level.
Expect a breakout of the current accumulation range in the following weeks ahead, news could be a catalyst.
Rate of change (ROC) can be used to indicate price momentum, above the equilibrium line of 0 indicates positive movement.
Finding support above the previous resistance line was an indication of continuation of the primary trend.
Target 1 ~$52.00 is the next resistance level.
Expect a breakout of the current accumulation range in the following weeks ahead, news could be a catalyst.
Rate of change (ROC) can be used to indicate price momentum, above the equilibrium line of 0 indicates positive movement.
