Uber Technologies Survives A Sloppy Bottom in Its Stock Price

After two bullish engulfing patterns, Uber Technologies, Inc (UBER) finally carved out a more lasting, even if sloppy, bottom. A business update at the Goldman Sachs Communacopia Conference provided the catalyst. CEO Dara Khosrowshahi delivered good news across several operational metrics. He also reported that UBER may get to profitability in the current quarter. After … Read more

How to Trade A Bullish Engulfing Pattern: Uber Technologies

The Bullish Engulfing Pattern A bullish engulfing pattern is a candlestick chart pattern used in technical analysis. According to SwingTradeBot, the chart pattern “forms when a small black candlestick is followed by a large white candlestick that completely eclipses or engulfs the previous candlestick’s real body.” Most importantly, the pattern can signal the end of … Read more