Uber Technologies (UBER) – Break & Retest + Long-Term Growth

Overview Summary

Uber Technologies Inc. (UBER) has approached a structurally significant price zone, both from a technical and fundamental lens. After a strong rally into the $90s, price action has pulled back toward a multi-year resistance-turned-support zone between $81–84. This zone previously capped rallies throughout 2023–2025 and now offers a potential launchpad for a continuation into new all-time highs, especially with the macro backdrop favoring Uber’s platform model.

Technical Insight:

The 4H chart shows a breakout-retest structure, where price is retesting the prior resistance band. This aligns with historical price memory and volume pockets. A successful retest and base in this zone would signal fresh accumulation and set up the next leg toward $100+.

Support Zone: $81.00–85.00
Breakout Target: $100.00
Medium-Term Target: $120
Invalidation Zone: $80

Why We’re Buying Uber: Long-Term Conviction + Technical/Fundamental Confluence

1. Dominance in Mobility & Delivery: Uber is expanding its lead as the global leader in ride-sharing and food delivery, with strong pricing power and platform scale.
   
   
2. Free Cash Flow Growth: Uber’s recent quarters show consistent positive FCF, with improving margins and reduced reliance on subsidies.
   
   
3. Operating Leverage & Cost Discipline: CEO Dara Khosrowshahi has emphasized discipline, turning Uber into a more predictable, leaner machine.
   
   
4. Uber for Business, Freight, and Ads: These emerging verticals are quietly building into high-margin growth engines, adding new levers to long-term valuation.
   
   
5. AI & Automation Tailwinds: Uber is positioned to integrate AI across logistics, routing, and customer personalization, driving efficiency and margin expansion.
   
   
6. Valuation Reset Opportunity: Compared to high-growth tech peers, Uber trades at a relative discount despite superior revenue growth and execution.
   

Final Thoughts

We at Green Zone Capital see Uber as a long-term compounder in the platform economy, bridging mobility, logistics, and commerce. Technically, the current pullback may serve as a high-conviction re-entry zone after a multi-month rally. If this zone holds and confirms strength, the upside potential over the next few quarters is significant.