PaperBozz

$URI - Which is it?

NYSE:URI   United Rentals, Inc.
URI is showing some weakness with negative divergence on both MACD and RSI. For the bulls, it looks like it is forming a cup and handle pattern. For the bears, it looks like a double top formation.

So, which is it? Here are the deciding factors:

If the price can break and close above $490, it could confirm the cup and handle breakout and the price could reach $552.

However, if the price breaks below $439, the double top pattern could play out and the price could fall to the $412 to $400 area.

Pernyataan Penyangkalan

Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.