Earnings from UBER 0.00%↑ are out and the pre-market reaction is favorable. That’s not what’s important (yet). At ~$38 pre-market, UBER 0.00%↑ is now back above the AVWAP from it’s IPO date, and in the range of the 50% retracement level from COVID period lows to highs.
If the stock can hold these key points of interest, a technical long thesis could be worth the ride…
