“Uber is breaking out from a multi-month bottom at $70 on exceptional volume, with targets at $80, $90, and potentially $100.”
Why he says it — point by point
FAVORABLE & AGAINST · BOTH KEPTWhy
the $70 level has been a bottoming level here for multiple months
this is a volume candle that is you know, three times the size of the average volume or at least two and a half times the size of the average volume So when you break out above this kind of minor resistance level here on such strong volume, that at least gives me the confidence that we're going to likely get back to 80 If we can get above 80, that starts to open this up here towards 90 and potentially even all the way up to 100
The structured call
The receipt
Publish-day price $$75.50 · the claim is anchored to the moment it was said.