Possible breakout for Uber, but caution should remain as false breakouts can also occur,. The weekly chart shows that the price has moved above the trendline resistance as well as the resistance of the August high ($74.95). The price rose as high as $78.62 but actually closed the week at $75.75, which technically is above the resistance. However, last week saw a decline which can arguably be just a consolidation phase before possibly a move higher. Therefore, a break above $78.62 would strengthen the case for this possible breakout towards the upside. From the current price level of $75.31 a share, Uber’s share price is only less than 10% away from all-time highs. Towards the downside, levels of support to monitor are as follows: last week’s low of $71.91 followed by $67.13. Only a dip below $67.13 may trigger a deeper decline, perhaps taking the price back into the ascending trendline support area. From a momentum based outlook, the bias sways toward the bulls. The MACD has crossed above its signal line for the first time since March and the RSI has grinded higher as it reads 57.