Uber
UBER Longer Term holdings moving ITM Our longer term holdings on UBER is slowly moving in the money but the thrust out of the Non-Limiting triangle should be approximately equal to the widest wave of the Triangle. Since market conditions are unusually strong (probably climatic) if the Expanding Triangle is drifting upward, Non-Limiting patterns is the Non-Limiting “thrust” will not terminate during the time period occupied by the apex point.
Uber Stocks against the Odds keeps going Up but "Stay aside"Against the Odds and Fundamental Uber seems to go up. Volume does not support the breakout so option B could be still Open
Possible options are:
Long Term Analysis
4h Chart there is Continuation Pattern and Bullish Pattern: Ascending Triangle - Target price 36.00
Volume at the breakout were supposed/expected to be much higher.
Short Term Analysis
30 Minutes Chart Rectangle Bullish Pattern. Two possible options: Option c - Bullish up to level 31.5, Option B- Bearish up to level 27.00
#UBER Short Idea On Pattern FormationUber has a good short opportunity coming. This also coincides with similar patterns on SPX500 and other major indices.
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$UBER (LONG)Everything on the chart.
2 scenarios
I tend more towards the long, but the entrance to the entry position is strictly from the stop!
Stop under the trend line
target area 30-31$
if we break the trend target will be below
Good luck.
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UBER 10-11$ targetAlmost the entire world is on lock down and Uber is valued where it was in December 2019 pre Corona crisis, which is ridiculous. The stock market melt up is most likely done for wave 4 and will soon begin the final bloodbath of wave 5.
Don't take this as financial advice, as the FED is pumping trillions into these markets. Anything is possible and all my forecasts/predictions are based on humility. Always do your own research.
UBER buying opportunityAs positive mood returned, waiting for the break of resistance to buy more. Careful with Easter holidays as we could see some swings.
Similar patterns in many stocks as investors jump on the wagon.
Please leave a like and share your thoughts on UBER!
Good Luck and Stay Healthy!
UBER - ShortShorting the most recent pump in the S&P. My view is that we have yet to see the lows in the market as many states and countries extend the Stay-At-Home orders.
More downside to UBER:
1. Fewer requested rides going forward until the virus gets under control.
2. Virus has now infected 1M individuals globally and the U.S. does not expect the apex to occur until the end of April.
3. Competition from other food delivery options.
Looking at the indicators, both the RSI and MACD are beginning to turn.
Uber puts26 Feb I bought Uber puts as the transport industry in CN was one of the key victims to the virus. US at this point had not felt the full extend of the virus and I was certain CN's economic situation was a leading indicator of what was to happen. Uber was prime also because it's generally a risky company and I expect investors to run for the hills once shit hits the fan.
Shit did hit the fan and my Uber puts expire on the 27 Mar