$UBER Looking for support in “Go” trend

$UBER Looking for support in “Go” trend


May 2023


Alex Cole

$UBER gapped into a “Go” trend at the beginning of this month.

The new “Go” trend strengthened as we saw strong blue “Go” bars as price rose to make a new high.  It then pulled back after a Go Countertrend Correction Icon (red arrow) and has fallen to test the support that exists from February high. We will watch carefully now to see if price can consolidate above this support level and our eyes will turn to the GoNoGo Oscillator as it falls toward the zero line.  If it falls to zero, we will look for support at that level.