Uber Technologies (UBER) Stock Near Breakout

The company is trading just off the all-time lows but has put in a major bullish consolidation flag pattern.

Shares of Uber Technologies (UBER) are nearing a major stock chart breakout. The company is trading just off the all-time lows but has put in a major bullish consolidation flag pattern. In addition, there is a down-sloping trend line of importance. Once price breaks above it, the price of Uber will surge. Upside in early 2020 is likely to retrace to $36.00 from its current $28.43.

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