Trending downward after failing to break resistance at 39.
Holding support would be an opportunity to go long, however breaking support 29.50 is likely.
Headwinds:
California state law to provide benefits to all drivers is still out there, this could have a significant impact of UBER/LYFT.
COVID outbreak shouldn't have too much of an impact for UBER as they have continued to expand UBER EATS.
EPS was a negative prior to 2020 and still a problem.
Tailwinds:
UBER EATS growing above expectations
Increase usage of ride sharing services
Holding support would be an opportunity to go long, however breaking support 29.50 is likely.
Headwinds:
California state law to provide benefits to all drivers is still out there, this could have a significant impact of UBER/LYFT.
COVID outbreak shouldn't have too much of an impact for UBER as they have continued to expand UBER EATS.
EPS was a negative prior to 2020 and still a problem.
Tailwinds:
UBER EATS growing above expectations
Increase usage of ride sharing services
Trade closed: target reached:
Nice Run!
Trade closed: target reached:
Life coming back to normal - UBER has done well for us