Nov. 14 at 2:51 AM
$UBER: The current market context shows a last close at
$91.78, with an RSI of 44.21, indicating a neutral to slightly bearish momentum. The price is below both the 30-day MA of
$94.78 and the 50-day MA of
$95.47, suggesting a bearish trend in the short to medium term. The 60-day high of
$101.99 and low of
$88.84 further illustrate a range-bound market, with the current price closer to the low end.
Directional bias leans bearish due to the RSI being below 50 and the price under both MAs. Suggested entry is at
$91.50 to capture a potential downward move. Set a stop loss at
$94.00 to limit risk. Target 1 is
$88.84 (60D low), and Target 2 is
$87.00, providing a favorable risk-reward ratio.
Monitor for any changes in momentum or market conditions that could affect this outlook.
https://privateprofiteers.com
