$UBER tests prior highs in “GO” trend

$UBER tests prior highs in “GO” trend


September 2022


Alex Cole

$UBER might see resistance from overhead supply.

Uber jumped into a "Go" trend at the beginning of June that that gap has already acted as support.  Having quickly hit a high we saw a Go Countertrend correction red arrow indicating that price may have a hard time going higher in the short term. Now after GoNoGo Oscillator has broken back above the zero line, we see price taking another run at that prior high.  We will look to see if there is enough momentum to break through, or if GoNoGo Oscillator comes off overbought levels to trigger a fresh Go Countertrend correction red arrow.