{"id":13382,"date":"2025-06-04T10:20:31","date_gmt":"2025-06-04T10:20:31","guid":{"rendered":"https:\/\/alchemymarkets.com\/?post_type=market_insights&#038;p=13382"},"modified":"2025-06-04T10:23:34","modified_gmt":"2025-06-04T10:23:34","slug":"uber-stock-june-2025","status":"publish","type":"market_insights","link":"https:\/\/alchemymarkets.com\/it\/education\/market-insights\/chart-of-the-day\/uber-stock-june-2025\/","title":{"rendered":"UBER Nearing Key Support After Breaking Down From $93 Dollars"},"content":{"rendered":"\n<p>After a powerful rally that peaked at $93.60 in mid-May, UBER has pulled back sharply, now resting near the $81.50 mark. The decline appears orderly, with price respecting key structural zones defined by volume and anchored VWAP levels.<\/p>\n\n\n\n<p>While there\u2019s a chance for a bounce around current levels, a deeper retest into the 38.2% <a href=\"https:\/\/alchemymarkets.com\/education\/indicators\/fibonacci-retracement\">Fibonacci retracement<\/a> at $80.98 could potentially offer a high-probability setup.<\/p>\n\n\n\n<p>This level aligns with both a high-volume node and an anchored VWAP \u2014 forming a triple confluence zone. If price wicks into this area and rebounds, it could mark a strong reaction point in the short-term.<\/p>\n\n\n\n<!-- TradingView Widget BEGIN -->\n<div class=\"tradingview-widget-container\">\n  <div id=\"tradingview_uber\"><\/div>\n  <script type=\"text\/javascript\" src=\"https:\/\/s3.tradingview.com\/external-embedding\/embed-widget-mini-symbol-overview.js\" async>\n  {\n  \"symbol\": \"NYSE:UBER\",\n  \"width\": \"100%\",\n  \"height\": \"220\",\n  \"locale\": \"en\",\n  \"dateRange\": \"1D\",\n  \"colorTheme\": \"light\",\n  \"trendLineColor\": \"#37a6ef\",\n  \"underLineColor\": \"#e3f2fd\",\n  \"isTransparent\": false,\n  \"autosize\": true,\n  \"largeChartUrl\": \"\"\n  }\n  <\/script>\n<\/div>\n<!-- TradingView Widget END -->\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Technical Breakdown of UBER 1D Chart<\/strong><\/h3>\n\n\n\n<p>The sell-off has brought price into a zone of support between $80.69 and $81.88, where we see:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>A high volume node (HVN) during the leg up from April to Mid-May<\/li>\n\n\n\n<li>Confluence with the 38.2% Fibonacci retracement<\/li>\n\n\n\n<li>Price approaching the lower bound of an anchored VWAP that began from the April rally<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1536\" height=\"1051\" src=\"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/06\/COTD-26.06.04-TA.gif\" alt=\"\" class=\"wp-image-13383\"\/><\/figure>\n\n\n\n<p>Should this level fail to hold, the next major area of interest lies deeper \u2014 the <strong>Golden Pocket<\/strong> zone between $72.66 \u2013 $73.54, which aligns with the 61.8% <a href=\"https:\/\/alchemymarkets.com\/education\/indicators\/fibonacci-retracement\">Fib retracement<\/a>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Not out the woods \u2014 Resistance Right Overhead<\/strong><\/h3>\n\n\n\n<p>A bounce here would be good news \u2014 but, it\u2019s undeniable that we have stiff resistance overhead between $85.40 \u2013 $86.40, marked by a HVN and several other confluences:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Anchored VWAP resistance sits at $86.63<\/li>\n\n\n\n<li>Point of control (POC) and a high volume node around $85.77<\/li>\n\n\n\n<li>Sellers stepped in aggressively here during the most recent attempt to reclaim higher ground<\/li>\n<\/ul>\n\n\n\n<p>There\u2019s a possibility we could range between the HVNs until a clear breakout occurs, giving us a reversal signal (Support HVN breaks), or continuation signal (Resistance HVN breaks).<\/p>\n\n\n\n<p><strong>You may also be interested in:<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-alchemy-markets wp-block-embed-alchemy-markets\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"7vFEl6MOfg\"><a href=\"https:\/\/alchemymarkets.com\/education\/market-insights\/opening-bell\/ism-weakness-deepens-what-it-means-for-spy-and-the-markets-next-move\/\">ISM Weakness Deepens: What It Means for SPY and the Market\u2019s Next Move<\/a><\/blockquote><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"&#8220;ISM Weakness Deepens: What It Means for SPY and the Market\u2019s Next Move&#8221; &#8212; Alchemy Markets\" src=\"https:\/\/alchemymarkets.com\/education\/market-insights\/opening-bell\/ism-weakness-deepens-what-it-means-for-spy-and-the-markets-next-move\/embed\/#?secret=38FTLtNri6#?secret=7vFEl6MOfg\" data-secret=\"7vFEl6MOfg\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Uber stock nears key support after a sharp pullback from $93 highs. Triple confluence at $81 could set up a short-term bounce.<\/p>\n","protected":false},"author":159,"featured_media":13385,"parent":0,"comment_status":"closed","ping_status":"closed","template":"","market_insights_categories":[18],"class_list":["post-13382","market_insights","type-market_insights","status-publish","has-post-thumbnail","hentry","market_insights_categories-chart-of-the-day"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>UBER Nearing Key Support After Breaking Down From $93 Dollars - Alchemy Markets<\/title>\n<meta name=\"description\" content=\"Uber stock nears key support after a sharp pullback from $93 highs. 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