Bullish Wolfe Wave Heading to its Target Near $40 ZoneAfter finishing the 5 waves NYSE:UBER has formed a bullish Wolfe Waves and I think it's now in the sixth wave - on its way to the target - which is in the $40 area.
UBER trade ideas
UBER: update on long positionQuick update on where we are with UBER
- we still hold the long position through the drop that happened earlier in August on the tail of the negative news regarding legal issues - which interrupted a possible breakout
- UBER is attempting another breakout with renewed demand and bullish sentiment according to the V.Viewer and the UTO -- the UTO is also showing a positive momentum to the upside
- UBER today entered the make-or-break zone - the next few days will determine if the current breakout attempt will succeed - if it does, we can look potentially at hitting the $37 to $39 range
- the breakout needs to be confirmed by a "hook" - a bounce up off that resistance zone on the chart
- the weekly (not shown here) is in line, showing an end of a bearish cycle and a possible start of a new bullish wave up
keeping the long position open for now.
UBER in a channelUBER keeps hitting the top and bottom of the channel. Bouncing of support and dropping after being in the resistance.
Bullish Engulfing CandleAfter closing today @ $31.41 NYSE:UBER formed a bullish engulfing candle which swallowed the 5 previous candles. This candle formed after downtrend.
Target 1: 32.38
Target 2: 34.28
STOP LOSS: 27.60
Uber- The StratHere is a trade I just exited. Ended up on my watchlist because yesterday's 1.
I'm starting to get a little cocky, impatient and jumped on it early. Had a 20% drawdown but time continuity kept me in the trade. Also, like yesterday, I took profits too early
UBER: LONGGo long UBER
entry: 31.04
stop: 28.4
TP: 39
risk-reward = 3
Reason: bullish key reversal candle in the support zone
UBERI WOULD GO LONG OVER 32.
SWING TRADE IDEA: 34C 9/4
**$UBER UPGRADED TO OUTPERFORM FROM NEUTRAL AT DAIWA
$UBER, $LYFT WIN REPRIEVE IN CALIFORNIA DRIVER PAY DISPUTE - CNBC CITING REPORT
Will Uber Ends its Correction and Begin a Reversal?NYSE:UBER seems to be in the last leg E of the expanding triangle ABCDE of the bigger wave (Y) . I expect a bounce from the level 29.25 and we will see if it is the beginning of the impulse wave (3) in the bigger frame or it will continue its correction.
Uber fortune tellingCan assume non-existent price data to fit patterns to current prices? If so, can we reduce our risk when we do it? Here’s one such possibility of fitting a pattern to Uber’s price based on a hypothetical ABC correction starting at about $82. I’ve aligned the pattern to the hypothetical wave C.
If true, then we should buy Uber between 29.94 and 26.17. This model becomes invalid the longer that price remains under $23.48 if price drops below $23.48.
Take note that if this model is valid, price could only go up from here.
UBER Down or UpUber lose this level then 28 will be a key support , not holding that will lead to a massive drop BUT is we can bounce from here , still a chance for a bull flag break out - Target 40's
UBER Support Bounce$UBER currently at a strong support zone. Looking for $UBER to bounce back to $34. UBER
$UBER running a range$UBER has been bouncing between 29 and 34 since the beginning of June. We are nearing the support of this range, so we could naturally expect a bounce. If we do not hold support, the next levels are marked on the chart.
Please like and follow for more!
UBER UPDATEHi traders .. as you see in chart we have now new momentom at 29.79 >> so that I changed my analys from short to long >> and I prefare to wait for price action then buy >> good luck .
And please if you agree with me support me by pressing (( like )) >> my regards.
UBER possible Positive DivergenceThere is a possible positive divergence on the 15 Mins chart for UBER, we need the confirmation of the resistance line on the RSI indicator. If the stock is able to break this resistance we can go LONG
