UBER Stock Analysis: Trading Range and Earnings ReactionUber Technologies, Inc.NYSE:UBERBrent_CalverEarnings Report and Market Reaction On November 4th, Uber (UBER) reported its latest earnings, surpassing expectations by an impressive 338%. The company’s earnings growth reached 159%, and revenue increased by 20.4%. Despite these strong financial results, the stock price closed lower compared to the previous day. This outcome highlights the often unpredictable nature of the market, where investor reactions to news can differ significantly from initial expectations. In this case, it appears that investors were anticipating even higher numbers. Establishing a Trading Range Since late September, Uber’s stock has been trading within a defined range. Recognizing this pattern, I initiated a position on November 4th at $93.33 per share and set a stop order just below that day’s low. To date, the stop has not been triggered, and I continue to hold the stock. My analysis of the stock’s behavior today confirmed the existence of this trading range. Position Management and Risk Assessment Based on my observations, I decided to add to my position in anticipation of the price moving toward the top of the established range. There is also the potential for a breakout, which could lead to new highs. For now, I am maintaining my original stop just below $90 per share, establishing a risk of 3.8%. This risk-reward profile is favorable, as I am targeting an upside move of approximately 8%. Important Considerations for Investors Readers are strongly encouraged to analyze this trading idea independently and consistently apply their own trading rules. It is crucial to remember that all investments carry risk, and making informed decisions with your own capital is essential.