- Uber Shares break out from price consolidation after Eats Revenue increases buffers its $3 Billion Quarterly Loss
- Stay at home orders gave an unprecedented 53% year-on-year revenue growth for the Eats Business.
- Technically price has broken out of its down trending Pitchfork with a strong burst on the Connors RSI. Longer term momentum has been somewhat flat and needs to pick up before prices can reach our first target.
- If prices remain in the linear regression channel we could see our first target of $39 hit by July - expecting some resistance along the way especially at $34.
- Investors are betting on growth to continue in Eats and lockdown restrictions easing the drag of the rest of the business.
- Stay at home orders gave an unprecedented 53% year-on-year revenue growth for the Eats Business.
- Technically price has broken out of its down trending Pitchfork with a strong burst on the Connors RSI. Longer term momentum has been somewhat flat and needs to pick up before prices can reach our first target.
- If prices remain in the linear regression channel we could see our first target of $39 hit by July - expecting some resistance along the way especially at $34.
- Investors are betting on growth to continue in Eats and lockdown restrictions easing the drag of the rest of the business.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.