UBER - early Stage 2 pullback
$UBER completed the Stage 2A breakout on heavy volume in November and now having its first significant pullback in the turbulence zone.
I'm watching for it to backup towards the 47-44 area on lower volume to form a potential lower risk secondary entry point.
Horizontal P&F count on a 1 box scale, 3 reversal gives a count of 35 x 1 x 3 = 105. So from the countline of 33 that projects up to 138, and from the extreme low at 14 that projects up to 119.
So target range from the full Stage 1 base of 119 to 138
See my previous post on it in September of how you could have got in at or before the Stage 2A level https://twitter.com/stageanalysis/status...00840?s=20
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.