FXstreet

Uber stock (NYSE: UBER) has declined by about 42% year-to-date trading near $25 per share, underperforming the broader S&P 500, which is down by about 14% over the same period. But the daily price is located below Ichimoku cloud in the bearish area of the chart by trying to break symmetric triangle pattern on the daily close bar for the rally to be started.
Conclusion: Bear Market Rally.

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