UBER Could Test $36 Soon If The Price Will Hold Above $32 Over The Next Week

Posted by Klejdi Cuni on

Uber Technologies, Inc. (Uber) is anAmerican mobility as service provider. It is based in San Francisco with operations in approximately 72 countries and 10,500 cities.

Its services include:
ride-hailing, food delivery (Uber Eats and Postmates), package delivery, couriers,
freight transportation, electric bicycle and motorized scooter rental via a partnership with Lime, ferry transport in partnership with local operators.

Uber does not own any vehicles; instead, it receives a commission from each booking. Fares are quoted to the customer in advance but vary using a dynamic pricing model based on the local supply and demand at the time of the booking.

Technical Analysis:
UBER could test $ 36 soon if the price will stay above $ 32 over the next week.
This is necessary because 32 is a small resistance area that can be major support
if the price should manage to break through it in the coming days.
This bullish volume will help UBER to increase up to $36 in the coming weeks.

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