Uber Technologies (UBER) is the 'Stock of the Day' at Real Money this Tuesday. The charts and indicators of UBER looked positive last time we visited with them when the "lock-up" period was over, but a fresh look at the stock's activity is a good idea today as prices are emerging from a base pattern.
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Let's use the chart of Fastly to examine the roles of price, trend, momentum, and volume.
The pace of the economic recovery has cooled in recent weeks. And some businesses might start making larger spending cuts if they feel the economy will be under pressure for a while.
It is tough for the bears to gain traction with their macro arguments, when dip buyers and aggressive pockets of trading action remain -- so continue to look to price action for guidance.
Nothing seems to matter anymore except which stock to buy, a staggering conclusion with 11% unemployment and a raging epidemic.