Transaction Capital has had a tough year. Between the CEO stepping down and with the market being in free fall. In September the price made a Breakway way, this signalled more selling and supply to bring down the price. Now we have seen a slight recovery pattern (Cup and Handle). This shows that the price is going to head up to fill the gap at around R6.88....
Box Formation has formed on TCP. We are still seeing low liquidity and low volume of trades as I believe the bulls have been scared out of their position. However, we are seeing potential signs of a bottom as there could be more buying to push the price up. Other indicators show including: 200> 7=21 RSI>50 higher lows Target one will be to the top of the...
Uber is building a falling wedge. Looks like it'll make a bullish move to the upside with time. Definitely a good value play iMO. Best of luck with this one but I'd recommend to grab shares.
Contextual 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...
Contextual immersion trading strategy idea. The demand for UBER's shares looks lower than the supply. Due to the spread of COVID-19, the demand for the company's services fell. This and other conditions can continue to cause a fall in the share price in the next days. So I opened a short position again from $23,45; Information about stop-loss and take-profits...
UBER has recovered 50% so far of the sell-off since the July high and is now close to the 0.618 Fibonacci retracement level. With the RSI on extremely overbought levels both on 4H (RSI = 85.104) and 1D (RSI = 84.218), we expect a pull back and consolidation here within the 0.382 and 0.618 width. The 4H RSI is on a Channel Up since the November bottom and its...
$UBER Uber Tech EOY 2019, $32 crucial zone for further gain First of all, made once the IPO started a post that it would go down -47% from the IPO price, practicly reached it so far. Looks like a bit of bullishness getting here. Trendline and 76.8 could decide if this keeps going or not. Fundamental not bullish on UBER. But if the charts says something else...
Self-driving cars, making money off a taxi fleet... bro. Ideal long would start at ~174.
$LYFT Long incoming for $LYFT? Nice last week gains
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