Uber
Buy Into Weakness On Uber Technologies (NYSE: $UBER) 🙌🙌🙌Uber Technologies, Inc. develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. It connects consumers with independent providers of ride services for ridesharing services and other forms of transportation services, including public transit, as well as connect riders and other consumers with restaurants, grocers, other stores, and delivery service providers for meal preparation, grocery, and other delivery services. The company operates through four segments: Mobility, Delivery, Freight, and Advanced Technologies Group (ATG) and Other Technology Programs. The Mobility segment provides products that connect consumers with mobility drivers who provide rides in a range of vehicles, such as cars, auto rickshaws, motorbikes, minibuses, or taxis. It also offers Uber for Business, financial partnerships, transit, and vehicle solutions offerings. The Delivery segment allows consumers to search for and discover local restaurants, order a meal, and either pick-up at the restaurant or have the meal delivered, as well as offers grocery and convenience store delivery, and select other goods. The Freight segment connects carriers with shippers on the company's platform and enable carriers upfront, transparent pricing, and the ability to book a shipment. The ATG and Other Technology Programs segment engages in the development and commercialization of autonomous vehicle and ridesharing technologies, as well as Uber Elevate. The company was formerly known as Ubercab, Inc. and changed its name to Uber Technologies, Inc. in February 2011. Uber Technologies, Inc. was founded in 2009 and is headquartered in San Francisco, California.
$UBER Time to short, or is it? California's prop 22 was found unconstitutional by a supreme court judge late last week, news that were sort of expected since the bill already had plenty of discrepancies. Despite the news and what that means for UBER specifically, I am more interested in how this stock has moved since the bill passed.
Pretty noticeable at first glance, despite missing EPS, on November the stock started an impulsive move leaving a gap behind and that it's closing to nowadays price. If we look at it from a bearish point of view, the .618 was strong resistance above which indicated another wave down towards the 1.618. Interestingly enough, the stock is now below March lows' VWAP and it's fast approaching the IPO VWAP. Very important to note that the 8MA is extended from price action, so a bounce in the near term is not out of the question. Now, will it be at the IPO VWAP? Or will it close below, sending it lower towards the gap and the 1.618? One thing is for sure, these two VWAPs will provide all the information we need in order to short efficiently or to prepare for some choppy price action.
UBER: Complete analysis (H, D and W charts).Hello traders and investors! Let’s see how UBER is doing today and do another complete Multiple Time Frame Analysis (MTFA)!
The stock hit a top at $ 44.64, and now it is doing a pullback. We have two good support candidates in the 1h chart, which are the 38.2 and the 61.8% Fibonacci Retracements .
The 38.2% is at the 21 ema too, and the 61.8% is at the $ 41.86, which we’ll talk about later.
If UBER reacts near these support levels, it could trigger the pivot point at $ 44.64, reversing the trend for good in the short/mid-term.
Today’s candlestick pattern is called Bullish Engulfing , a bullish reversal pattern, just above the support at $ 41.86 (no, it is not the time to talk about it yet).
The volume is good, and if we defeat today’s high ( coincidently, the pivot point in the 1h chart ), the bullish pattern will be triggered. If we lose today’s low, then the bullish thesis will be invalid (or at least, delayed).
Ok, do you remember the $ 41.86? This point was the pre-covid ATH , and a previous resistance on UBER, which now it is working as support in the weekly chart.
What’s more, we have a Hammer candlestick pattern, which might reinforce our bullish reversal thesis. Surely, it is an interesting stock to keep in our radar.
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Thank you very much.
TUTORIAL - Finding Better Entries Finding Better Entries
Ok, y’all, I’m losing my voice a little bit… but I also just got a new microphone so that is why this video happened. So be nice about my hoarse voice.
Let me know if this is helpful and If I should do more like this
ENTRIES
PYPL - 225.30
DKNG - 43.01
CVS - 81.19
UBER - 42.97
LYFT - 48.27
ETSY - 163.08
I will most definitely be making more videos on entry targets. Leave me a comment if there's a symbol you want me to analyze in the next video. I'll try to do them every couple of days (And definitely on sunday nights)
Earnings Week (08/02-08/06): Move Predictions, IV CrushBelow I've posted a compiled spreadsheet (Google Drive spreadsheet), outlining a large portion of upcoming earning releases for the week of August 2 through August 6, 2021. Options market overestimation percentages, predicted/actual earnings release moves, and average implied volatility (IV) numbers have all been sourced from Market Chameleon ( marketchameleon.com ).
Google Drive spreadsheet public link: docs.google.com
If and where I've posted quarterly analyst revision numbers, that data has been sourced from Seeking Alpha ( seekingalpha.com ). PLEASE take any analyst "recommendations" with a literal kilogram of salt, as any/all critical thinkers have noted a tendency toward foul play with "analyst" target numbers and recommendations (hint, they do not have YOUR best interests in mind).
Current prices are obviously as of market close, Friday, 07/30/2021. The most important data provided lie in the first five columns immediately proceeding "Current Price."
This spreadsheet provides a readily accessible, macro view of potential earnings plays for the week. I often use this overview to aid with decisions to either buy or write put/call spreads, credit/debit iron condors, or more standard long plays with protective puts, dependent upon overall market volatility (VIX), and equity-specific IV.
Please post any comments/questions/concerns, and best of luck this busy week traders.
NASDAQ:NXPI
RIG
SPG
NYSE:BABA
NYSE:BP
COP
UA
LLY
CLX
ATVI
OXY
AYX
CPE
CVS
SMG
CLVS
MPC
ROKU
UBER
ETSY
FSLY
MPC
WDC
WYNN
QRVO
MRNA
FVRR
W
REGN
SQ
NET
ZG
NVAX
DKNG
CGC
GT
NASDAQ:CRON
UBER Price Action AnalysisI was looking at a trade today for a member of my social media. NYSE:UBER looks to have stalled at 52.35 which is right at the 50% Retracement of the recent down move. This if following a retracement of the last bull trend which was around the same zone as the IPO first weeks' price action highs. Price could in the short term retrace down to retest the 5/10/21 low but would remain bullish as long as that low holds. Breaking the 6/28/21 high would be a sign of a bullish breakout.
Weekly Outlook! 6/28 - 7/2Check out what stocks we are watching for the coming week! As well as a recap of last week's video!
NASDAQ:BYND
BYND we are looking for a breakout of consolidation that we've been seeing over the 200sma. Confirmation level is over $152 but can take anything with good strength over $149
NYSE:MA
Looking for a nice breakout over the $380 level as we saw a nice long term trend support bounce last week!
NYSE:UBER
Uber has been consolidating over the 200sma over the past few weeks. We finally look ready to take another move up with a breakout over $52
NYSE:DIS
DIS looks to be breaking trend resistance. This is a play we entered last week. We'll see a new short term uptrend confirmed if we can hold the $181 level this week!
UBER is just not gaining traction. NYSE:UBERCertainly seems to be the case that we are going to drop some after completing quite a spectacular triangle. No impulse, and correction continues.
Remember, this is not financial advice. You must do your own research and carefully make decisions for yourself by yourself. We love TA and do not provide individually tailored financial advice, or financial advice period.
Now that aside, Fibonacci in crystal clear green and invalidation noted, as always, in red. Good luck out there.