Uber Technologies Inc

UBER remains in a sustained downtrend with supply dominating demand as evidenced by sequential lower highs and lower lows. Price trading below key EMAs confirms structural weakness, and the medium-term bias is bearish within a Stage 3 distribution phase. Short-term conditions favor selling now, given the extension below declining EMAs and weak momentum readings. The Compounders strategy endorses participation on structural supply control and breakdowns.

• ↑Gross bookings reached $58B in Q2, +22% YoY.
• ↑Free cash flow topped $10B, enabling AV investments.
• ↓Negative earnings yield underscores valuation concerns.