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Uber trading session displays bearish engulfing pattern, Jay Woods notes

Uber trading session displays bearish engulfing pattern, Jay Woods notes
Uber forms bearish engulfing pattern

Jay Woods, chief market strategist at Freedom Capital Markets, points to Uber as a textbook case of a bearish engulfing candle. The observation was made intraday, with the session still underway, highlighting notable downside sentiment in Uber's price action.

Woods has commented on notable market moments in recent weeks. He referenced a classic trader photo with Jerome Powell, calling attention to its time-limited relevance. More recently, he highlighted upcoming discussion of a beaten down AI infrastructure play set to be covered on CNBC.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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