Uber Technologies, Inc.
Investment Thesis
UBER has broken down sharply from the $70-73 support range that held through June and early July, now trading at $65.94 — a new multi-month low representing an accelerating bearish momentum leg. The combination of a mysterious 8-K disclosing a material financial obligation with undisclosed terms, macro headwinds from oil-driven inflation fears pressuring consumer discretionary spending, and persistent institutional selling pressure creates a high-probability continuation of the downtrend toward the mid-$50s over the next 2-3 months.
Why It May Work
Why It May Not Work
Timeline
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