UBER share price is going in an unclear trend in general, with many bullish and bearish price gaps, which it is soon to fill quickly, and it is currently trading at the bottom of a narrow and sharp descending channel extended since the beginning of November. On the other hand, UBER share is trading below the short and long-term exponential moving averages, in a severe bearish sign at the moment.
As for now, and on the daily chart, we keep an eye on the support level of $26.30, in case the UBER share price fails to stabilize above this level, we may witness another pullback towards the level of 24.66.
On the flip side, if the UBER share price was able to recover the EMA-25, then we target the return of the UBER share price to levels of $28.83-29.73 (the shaded area in yellow). If UBER share price manages to recover the EMA-200, we may also witness a recovery of 33.13 level in the coming weeks or months.
As for now, and on the daily chart, we keep an eye on the support level of $26.30, in case the UBER share price fails to stabilize above this level, we may witness another pullback towards the level of 24.66.
On the flip side, if the UBER share price was able to recover the EMA-25, then we target the return of the UBER share price to levels of $28.83-29.73 (the shaded area in yellow). If UBER share price manages to recover the EMA-200, we may also witness a recovery of 33.13 level in the coming weeks or months.