A Buying Opportunity for Uber Stock

Uber's stock is currently moving sideways after breaking the downtrend and rebounding from the support levels shown on the chart.

Currently, indications suggest potential accumulation, which implies an expected upward movement in the stock price soon.

Expected Targets

Currently, if the stock breaks through the resistance level and closes above $79.42 on a daily candle, we anticipate an upward move towards the targets near $84 and $89, respectively.

However, this expected upward movement will be invalidated if the stock breaks below the support levels and closes below $65.82 on a daily candle.