Recoverystock
Uber projection (amateur)Well , firstly i believe Uber is highly undervalued and believe it has high potential upside post q4 eanings and after CFO stated Uber is looking at $5 billion in. profits by 2024 .
furthermore , Uber settled a lawsuit over some google secrets which were being traded in regards to self driving car , this is me putting my 2 cents and ignoring tehcnical analysis but i remember uber raised the cost of delivery and rides because they were offering at a loss because they couldn't afford to pay all their drivers , what would make most sense is a fleet of driverless rideshare and delivery and i wouldnt doubt the lengths uber would go to get its hands on some intel on autonomous vehicle engineering as this would push ubers potential and opportunities for expansion limitless and be able to retin up to 40A% more profits
back to brains , uber and lyft both show high booking reports going into 2022 displaying a high demand for mobility and as pandemic fears and mask mandates are being pushed aside , travel and need for mobility and travel will rise offering higher profitability for both rideshare companies this coming year but more towards uber as it offers food delivery .
IRCTC, Bullish on longer Time framesGood price action, after a sharp rise in price, good consolidation being witnessed on the stock.
Price is again trading in range, mostly a halt after a sharp rise, getting ready for the next move.
INR 3700 to INR 3500 should be a good support zone and buying zone.
Price is headed back towards its 20Day SMA, RSI is biased towards the bulls too, all in all, looks at a good formation!
WISH Reversal on 30 minute. Awaiting confirmation.Not a financial advisor
Mentioned this one last night that I was watching for a recovery today or next week. Have a reversal here on the 30 minute. Waiting on the next candle to confirm that this is indeed a reversal.
RSI tremendously oversold here.
Stoch is perking up signaling strength and potential rally here today. Could see $8's fast today.
Momentum is perking up as well.
Worth watching here.
I like this entry short mid and longterm.
The Swop.
Benefit from both online and covid recoveryDuring the covid time, online good ordering became mainstream. One think which striked me was restaurants often time used a different platforms when they handle in-restaurant order and online order. Thats why you could see a lot of different terminals sitting next to the restaurant kitchen...because they would have to install one per delivery services...plus the one they used in-house.
I often time ask myself would it be nice if all these could consolidate?
I found the answer when I went to Shake Shack last week... i was queuing up in front of their casher and I notice they promoting to their customer to use a web based ordering system which allowed you to skip the queue. I took a look and its actually the same app for their customer to order online.
I dig deeper and found that the system was actually by NYSE:OLO a New York City-based B2B SaaS company that develops digital ordering and delivery programs for restaurants.
While the stock market has been battling since early 2021, traditional (recovery) vs transformational (new tech and everything online), how come we couldn't find the right investment target that catered both?
Apparently OLO is my pick.
I have entered into position since 39 and will take 10% as my cut loss point and strong hold.