Jim Cramer told his Mad Money viewers Tuesday night that when the selling subsides over the next two days, it will be time to buy some of your favorite stocks. For Cramer, that means shares of Adobe Systems (ADBE) , along with Airbnb (ABNB) , Uber Technologies (UBER) and DoorDash (DASH) .
In the daily bar chart of UBER, below, we can see that the shares skidded lower from May to September. However, prices have suddenly gapped higher. UBER is trading back above the 50-day average line but still below the declining 200-day line.
The trading volume has recently surged and the On-Balance-Volume (OBV) line made a quick and sharp turn higher. The 12-day price momentum study showed slowing momentum from May to September and that preceded the pop to the upside.