Decision time for UberUber Technologies, Inc.NYSE:UBERTrain4388Two potential paths here for Uber. It's currently sitting on a HTF trendline which needs to hold if it's going to bounce. It's currently trading under it's daily MAs so it's look weak. In order for price to move up it first needs a strong move and close above the 73-73.50 area. A reclaim of it's MAs would then allow it to test the prior high and resistance near $80. A break of the prior high near 80 and confirmation would clear the way to the next level at 90. The downside is also a possibility right now. A new low would take it towards 60-62. That break down followed by a short term bounce and confirmation that the prior support area near 70 was now flipped to resistance would clear the way for a dump towards the 48-50 area. The momentum indicators all show weakness so this may need more time to consolidate and recover strength. Otherwise sellers retain control. The triggers here are this LONG: Break back above 73-73.50 and hold could trigger a long opportunity to 80 and then potentially 88-90 SHORT: A move down for a new low would try the 63-64 area. A retest of the prior low would continue the downward trend towards 50. Earnings are scheduled for early August so volume could increase over the next few weeks. There is a forecast for a slight increase in revenue and EPS but nothing too noteworthy. Overall I think this one is a wait and see. Sit on your hands until it tells you which way it's headed.