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  • Swing Trade Ideas – December 23, 2021

    Dec 23, 2021 Swing Options Tips Comments Off on Swing Trade Ideas – December 23, 2021

    Our bullish trade for Thursday, December 23rd is Uber (UBER). Uber is part of the Technology sector that has gained 1.5% over the last month.

    UBER recently broke above the $38 resistance turned support level, further supported by a key support level around $35 where a double bottom formed. The 1M trend has recently turned bullish and the 6M is expected to follow soon.

    As a close, if UBER were to trade below $35 for multiple days, this would invalidate our analysis and focus on cutting losses on the trade. We also would consider cutting losses on this options trade if the value of the vertical spread moves above $4.00.

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