UBER is technically constructive following a significant CEO insider purchase; breaking above the 200-day moving average would signal bullish momentum.

Oh yeah, Joe, we'll do Uber, too. Thanks for the reminder.

Okay, GameStop. Now, we're going to get to Uber. We are going to get to Uber. Jay Rice, I'm glad you're here. I was actually hoping that you were going to be here when we ended up talking about uh Uber here today.

Now, you can look inside here at the fiveminute chart. You'll notice that midday yesterday, Uber popped on volume. And we've so far held that looks like our next resistance area here. Let's call it 7380 thereabouts.

Okay. Now, what happened here? Well, if you go to the insiders tab, you'll see that there were two recent insider buys. One here uh September 7th, but the other was yesterday, September 10th, and it was Dari Koshari, the CEO, who spent $10 million of his own money buying stock at 7096. So, he's up three points on that.

Now, that's not I'm not saying that that's for sure going to happen here with Uber. $10 million uh of stock here. That is not insignificant. And um that again, that is fresh. That just happened yesterday.

Looking at the chart here, sure looks like Uber is kind of at a near-term support level or was up another 1% here today. And we actually have the 200 day within our sights here.

So, let's call it 76. A move above that. We also would set up a potential golden cross if we continue to move higher here. That might also impact the price to the upside. So, Uber on the back of Dar's buy yesterday.

Looking pretty good. 13. What do you think of this chart?

Uh, I mean, I think I like the uh the news about the um uh expansion of uh uh autonomous rides. I think that's what that was in Spain. Um yeah, autonomous uh vehicles. So, I thought that was a a first national permit.

Yeah, by the way. Uhhuh. Um there's a trend line that I have. It it goes back uh quite a ways. You know, I started with the low of August 2024, drew it through the low of April 2025, you know, liberation day unwind.

And if you just keep that going, we're, you know, we're coming up to that trend line. Uh it's near the 50-day SMA. So, these next two uh moving averages, I think, are very important um to get through here because it looks like they they could be a sight of rejection.

Uh but let's let's see how this uh trades this morning. If we can uh get back up over 76 uh dollars, we're we're you know, we're above the the 200 day SMA and we're back in business.

I don't think I have a whole lot to add except you know, this thing got really hammered down to where it was pretty oversold uh in July and it's just kind of been on the recovery despite that uh that run up into 82 and that move uh back down.

I mean, I I really don't know what to to make of all this. It still seems like we're more or less just sideways.

Maybe, but but but I will say if we do get back above that 200, I think that would that would be more bullish than not. So, and perhaps your trend line as well. Yeah. Yeah. But, you know, this is just kind of more or less sideways right now.

It could be, you know, just part of the bottoming process here after, you know, coming down off of their 100 print, which I think apparently that's now the new price target. So, it's got several other levels to get through.

Um, 82 is one of them. Uh, 87 is is another, and we're not even talking about getting through 80 yet, which is uh just above the 500 day SMA. So, it to me it looks like consolidation that we're still in, and we need to get uh out of it.

And I think 80 through 82 is is is a break of that consolidation.