UBER trendreversal confirmed?
Welcome fellow tradingviewers,
This is one of the first individual stock pick that we are going to be analysing in 2020.
Uber is one of the best known brands by name among millenials and one of the failing IPO's we have seen so far.
Without further due, lets look at the chart:
Weekly:
- Morning star pattern has been formed, which is usually known to be a trend reversal pattern.
- Volumes have been increasing a lot.
Daily:
- We have closed above the 100 MA indicating more upside to come
- We can clearly see volumes increasing
- Big bulllish engulfing cande on last weekly close
4 Hour:
- We have found support above the 200 MA indicating more upside to come
We are looking forward to see what 2020 is going to bring UBER, we are long for now!
We kindly want to remind you that we are only showing you guys our view and that this should not be considered as financial advice.
However if you found this analyses useful please don't forget to leave a like!
And if you have anything to say about our analyses let us know in the comments below!
Kind regards,
Forallcrypto
This is one of the first individual stock pick that we are going to be analysing in 2020.
Uber is one of the best known brands by name among millenials and one of the failing IPO's we have seen so far.
Without further due, lets look at the chart:
Weekly:
- Morning star pattern has been formed, which is usually known to be a trend reversal pattern.
- Volumes have been increasing a lot.
Daily:
- We have closed above the 100 MA indicating more upside to come
- We can clearly see volumes increasing
- Big bulllish engulfing cande on last weekly close
4 Hour:
- We have found support above the 200 MA indicating more upside to come
We are looking forward to see what 2020 is going to bring UBER, we are long for now!
We kindly want to remind you that we are only showing you guys our view and that this should not be considered as financial advice.
However if you found this analyses useful please don't forget to leave a like!
And if you have anything to say about our analyses let us know in the comments below!
Kind regards,
Forallcrypto
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.