Huge volume on the day the lockup period ended. The bears seem to be running out of energy. I am betting on the trend reversal with January 20 $26 calls. Not financial advice. Happy punting!
Note
Looks as if Uber is building support around $26. If we hold above the previous low in the $25.50 range that would be a bullish sign. A breakdown to new lows would be bearish and time to end the tradeNote
Exited trade yesterday
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.