Uber stock short term analysis

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Today, Uber has shown promising signs of a short-term bullish reversal, supported by two key technical signals:

Bullish MACD Crossover The MACD line has crossed above the signal line, indicating a potential shift in momentum from bearish to bullish.
Bullish Engulfing Candle On the price chart, Uber printed a bullish engulfing candle, a strong reversal signal. This pattern suggests buyers have regained control, overpowering recent selling pressure.

Short-Term Targets Initial Target: $69.53 A breakout above this resistance level can attract additional buying interest.

Extended Targets: $72.00–$73.00

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Posted: 1 month ago
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