UBER rising after VWAP bounce LONG
Updated
UBER on a 30 minute time frame chart crossed over an anchored VWAP about January 25 and
topped January 30th then retested the slowly rising mean anchored VWAP in a double bottom
fashion on the following day. The relative strength indicator is in the 65-75 range and the zero
lag MACD cycling mostly above the horizontal zero level. I see UBER as suitably setup for
a swing trade long when it is near to the bottom of the support trendline in the ascending
megaphone pattern.
topped January 30th then retested the slowly rising mean anchored VWAP in a double bottom
fashion on the following day. The relative strength indicator is in the 65-75 range and the zero
lag MACD cycling mostly above the horizontal zero level. I see UBER as suitably setup for
a swing trade long when it is near to the bottom of the support trendline in the ascending
megaphone pattern.
Trade active
Mostly sideways with relative strength compared with the general market.Trade active
A bit of an uptick allowed the stop loss to be cut in half. Holding full position.Trade active
UBER did a fakeout breakdown and then rallied into the channel to resume bullish continuation. Full position ongoing.Trade active
Others are profit taking today. I find the small dip an opportunity to load more shares.
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