UBER trading level's green levels = more than 2 clusters , I am trying to make simple as possible .
"GOOD LUCK TO EVERY ONE "
Uber
LYFT BreakoutAfter our March low, we've rallied +140% off the lows and formed a huge ascending triangle. Given our bullish momentum, it's likely we continue upwards into the green zones highlighted around the $40 and $47 marks.
RSI is not oversold and has been coiling, which shows signs of momentum heating up with plenty of room of run. If we break out from here, there is a high probability we fill the liquidity void above us in the $40-$50 range. Watching this one closely.
First target: ~$40 for a 20% gain
Second target: $48 for a 50% gain.
Uber vs Lyft - Technical AnalysisUber and Lyft seem ready to go up to the price level that they had before the virus.
The Idea is to Buy Uber or Lyft, just wait the right time as Uber might start a retracement price.
It seems that there might be more margin investing in Lyft as it should go up to close the gap with Uber (Uber is moving uptrend, while Lyft is moving sideways).
Uber in rising wedge and meeting resistanceAnything above 34 dollars is a gift to short at. I will keep adding if it goes above. I have some calls for a hedge. Good Luck. This is just advice, make your own trades.
#UBER 32.69 Is Still Acting As Resistance (Pattern Completion)Trader, UBER completed this pattern at 32.69 and it did a fake breakout to the upside but then settled down under 32.69. It has been trying but so far the level has been acting as great resistance for it. Having said that, it still has potential to go up to 35.31. Lets see how it plays out.
If you found this useful hit the like button, subscribe to my channel and share this with other traders. Comment on the post to let me know what you think of them.
Have a great trading week!
P.S. (This is for education only. Not a financial advice or signal.)
IT'S TIME TO CONTINUE LONGING $UBERContextual immersion trading strategy idea.
Uber Technologies, Inc. develops and operates proprietary technology applications primarily in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific.
The share price rose after good earnings. I see some preconditions the share price will continue growing.
The demand for shares of the company still looks higher than the supply.
These and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $32,62;
stop-loss — $30,41.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
GrubHub ($GRUB): Uber Wants To Buy This, But Do We?✨ New charts every day ✨
Like, Comment & Follow to help the community grow 🎉🎉
---
Grubhub’s stock spiked today by almost 40% due to Uber’s offer to buy Grubhub. That offer is bullish, but the reality is Uber and GrubHub haven’t agreed on a price yet. It is very likely the market won’t be deciding the price based on FOMO, and instead Uber and GrubHub will decide a price based on other metrics. Since it is doubful Uber will overpay, it is prudent to look at resistance levels assuming GrubHub beings trading again.
Resources: www.cnbc.com
---
1. Fractal Trend is showing a downtrend (Maroon bar color) on the 4 hour chart.
2. With this strategy, we we want to enter short on bearish order blocks plotted by Orderblock Mapping (Maroon) and bearish S/R levels plotted by Directional Bias (Maroon).
3. Since the overall trend is down, the play here is to see how tomorrows open is and consider a short if price is rejected at R1 intraday.
With this chart we potentially won’t have much time to make any play before Uber and GrubHub come to a deal and shares stop trading. The goal here is to get a quick short in before the deal goes through. Otherwise, the point of this chart is to just point out potential resistance and support levels if trading keeps up. Whatever you do, you don’t want to be paying more for GRUB than Uber does.
#UBER Has Completed A Pattern And Has Started To Move Down A BitTraders, UBER has started to move down a bit as it has completed a pattern just around cluster of moving averages too.
Uber - Still below IPO PriceChecking back in with Uber this week since our last analysis.
If you checked out or last posts we remember we've gone through the following with Uber:
1. Uber cofounder and former CEO Travis Kalanick has sold off all his remaining shares and left the company's board of directors. This ended up benefiting Uber stock price since Kalanick had been accounting for 7% of the sell offs in the Uber.
2. Whatever early on IPO investors that were waiting for the lockup expiration to sell their shares seemed to have done
3. Coronavirus shook the whole market
4. Uber today, the stock is still way below its IPO Price
While Uber Rides are still 80% lower than usually, an increase in Uber Eats due to Coronavirus pandemic has benefited Uber even though it still only makes up 30% of Uber's profits. As economy slowly opens up we should see an increase in rides again.
We took a long position for a nice profit off a previous double bounce in our charts there and we've recently went back in. Our targets are still set for $35, $38, $42 with tight stops between each.
Shoot us a Follow and Hit the Like button for more updates.
Cheers!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on here, expressed or implied herein, are committed at your own risk, financial or otherwise.
UBER ($UBER): Down like Gross Revenue, or Up like Eats?✨ We provide charts every day ✨
Drop a requested Ticker in the comments and we will be sure to take a look ✔️
Like & Follow to help the community grow! 🎉🎉
---
Uber Rides got hammered from COVID, taking a $5 billion loss, but Uber Eats saw epic growth.
While Uber says business slowly coming back now that the lockdown is gradually ending, the trend is still technically bearish and we are running up against resistance.
Given the above, we are looking for a short setup.
Resource: finance.yahoo.com
---
1. Fractal Trend is signaling a downtrend (Maroon bar color) on the 4 hour chart, and that means we can take short setups with our strategy.
2. With the strategy, we are looking to open a position after a rejection from either an orderblock plotted by Orderblock Mapping or an S/R level plotted by Directional Bias.
3. R1 looks like it will act as resistance and give us a solid entry, so we are waiting for a reaction there.
4. To the downside we have a number of levels that can act as support. Any of these levels could serve as exits or take profit levels depending on the reaction there.
5. Overall we don't want to be too aggressive shorting here, Uber had a bad quarter, but betting against the stock during a recovery from COVID as people get back to using ride sharing seems like a bad idea.
6. With the last point in mind, we have a relatively tight stop above R1 and will be exiting if Fractal Trend signals a trend change. Our target is S2 instead of a lower target as that should be a major level to retest on the way back down.
In other words, we have a nice setup for a short here, but we aren't trying to short Uber to zero or anything.
UBER Breaks Out of Consolidation- Uber Shares break out from price consolidation after Eats Revenue increases buffers its $3 Billion Quarterly Loss
- Stay at home orders gave an unprecedented 53% year-on-year revenue growth for the Eats Business.
- Technically price has broken out of its down trending Pitchfork with a strong burst on the Connors RSI. Longer term momentum has been somewhat flat and needs to pick up before prices can reach our first target.
- If prices remain in the linear regression channel we could see our first target of $39 hit by July - expecting some resistance along the way especially at $34.
- Investors are betting on growth to continue in Eats and lockdown restrictions easing the drag of the rest of the business.
Uber 2nd half scale in Our longer term holdings on UBER is slowly moving in the money but the thrust out of the Non-Limiting triangle should be approximately equal to the widest wave of the Triangle. Since market conditions are unusually strong (probably climatic) if the Expanding Triangle is drifting upward, Non-Limiting patterns is the Non-Limiting “thrust” will not terminate during the time period occupied by the apex point. Look to scale in with 2nd half Longs on UBER if underlying drops into 24 and below.
UBER - HoldWait the right signal for a long term investment.
Short Term - Hod it for now
Technical analysis (daily chart) shows an overall bullish market against the fundamental (there is a global crisis and everything is still shut)
Fundamental Analysis says:
UBER will lay off 3700 employees 14% of the 26900 total employees - it can generate a bearish signal
UBER Technical and Fundamental Analysis - Short termNYSE:UBER
Based on Technical, but mostly on fundamental analysis, Uber, for a short term analysis should go down.
UBER has to face a lawsuit claiming its illegal predatory pricing and other anticompetitive practices killing competition, including the accusation of secretly booking and cancelling rides on competitors' app.
Lyft keeps following UBER and Vice versa, it might imply that the Uber's fundamental information did not have anY impact on the priceS or, the Uber's prices already take in account in the fundamental information (BEARISH MARKET) and that Lyft stock tend to follow UBER.
UBER ($UBER) - Trendline/Fib RejectionUber successfully close below the 61.8 fib and rejected the long term trendline. I'll be targeting the $29 area.
UBER Longer Term holdings moving ITM Our longer term holdings on UBER is slowly moving in the money but the thrust out of the Non-Limiting triangle should be approximately equal to the widest wave of the Triangle. Since market conditions are unusually strong (probably climatic) if the Expanding Triangle is drifting upward, Non-Limiting patterns is the Non-Limiting “thrust” will not terminate during the time period occupied by the apex point.
UBER BreakoutChart is self-explanatory. Basically follows roadmap from my MRNA idea up to the resistance drawn.
UBER - FINALLY! We have a possible play!!!Ticker:
$UBER
Notes:
UBER has finally got above and closed above the resistance level that has been in play for a looooong while!
xeenos trading - sending positive energy to all those watching
more potential the UBER stock going up I consider the UBER stock for buying this week with more potential going up
Uber strong potential for a bullish trend to reach 32.26$The next potential target for Uber is at 32.26$ when the price crosses 29.52$ resistance with a strong volume. Stop loss at 21.65$.
Uber Stocks against the Odds keeps going Up but "Stay aside"Against the Odds and Fundamental Uber seems to go up. Volume does not support the breakout so option B could be still Open
Possible options are:
Long Term Analysis
4h Chart there is Continuation Pattern and Bullish Pattern: Ascending Triangle - Target price 36.00
Volume at the breakout were supposed/expected to be much higher.
Short Term Analysis
30 Minutes Chart Rectangle Bullish Pattern. Two possible options: Option c - Bullish up to level 31.5, Option B- Bearish up to level 27.00
