UBER has pulled back into a major support zone at 82.88 after a strong run toward the recent highs near 92.75. Price is now consolidating at the lower end of this micro-range, holding above value-area support and attempting to stabilize after heavy selling pressure.
The chart shows a clear liquidity sweep below support followed by buyers stepping back in, which can be a constructive sign if momentum continues to shift upward.
We prefer the long setup closer to 82.88, where both structure and volume support align.
Technical Overview
Support Levels:
82.88 (primary support, ideal buy zone)
82.40 (local low)
81.51 (momentum failure level)
Resistance Levels:
84.57 (current ceiling and VWAP zone)
87.62 (value-area boundary)
91.38 (major supply zone)
92.75 (recent high)
Structure:
Strong prior uptrend followed by retracement
Consolidation forming above 82.88
Sideways corrective range with declining volume
Price trading inside high-volume node on VPVR
Momentum:
MACD histogram shifting toward neutral
RSI stabilizing after the flush
Buyers defending support consistently
Trend Bias:
Bullish as long as price holds above 82.88
Strongly bullish above 84.57
As long as UBER holds above 82.88, bulls maintain control over this retracement setup.
A reclaim and hold above 84.57 opens the door to 87.62, 91.38, and a potential retest of 92.75.
A breakdown below 81.51 signals failed momentum for this setup.
My Plan
Entry Zone: 82.88 to 83.25
Targets: 84.57, 87.62, 91.38
Stretch Target: 92.75
Invalidation: Close below 81.51
UBER remains in a bullish macro structure, and this pullback may offer one of the cleaner continuation entries if support holds.
Share your thoughts, and I will post an update if we confirm a breakout over 84.57.
#UBER #Stocks #MyMIWallet #TradeAlerts
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The chart shows a clear liquidity sweep below support followed by buyers stepping back in, which can be a constructive sign if momentum continues to shift upward.
We prefer the long setup closer to 82.88, where both structure and volume support align.
Technical Overview
Support Levels:
82.88 (primary support, ideal buy zone)
82.40 (local low)
81.51 (momentum failure level)
Resistance Levels:
84.57 (current ceiling and VWAP zone)
87.62 (value-area boundary)
91.38 (major supply zone)
92.75 (recent high)
Structure:
Strong prior uptrend followed by retracement
Consolidation forming above 82.88
Sideways corrective range with declining volume
Price trading inside high-volume node on VPVR
Momentum:
MACD histogram shifting toward neutral
RSI stabilizing after the flush
Buyers defending support consistently
Trend Bias:
Bullish as long as price holds above 82.88
Strongly bullish above 84.57
As long as UBER holds above 82.88, bulls maintain control over this retracement setup.
A reclaim and hold above 84.57 opens the door to 87.62, 91.38, and a potential retest of 92.75.
A breakdown below 81.51 signals failed momentum for this setup.
My Plan
Entry Zone: 82.88 to 83.25
Targets: 84.57, 87.62, 91.38
Stretch Target: 92.75
Invalidation: Close below 81.51
UBER remains in a bullish macro structure, and this pullback may offer one of the cleaner continuation entries if support holds.
Share your thoughts, and I will post an update if we confirm a breakout over 84.57.
#UBER #Stocks #MyMIWallet #TradeAlerts
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
