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Uber

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.
NYSE:UBERShort
by ISquared2
UBER Oversold Bounce| Structural Resistance| .50 Fibonacci Evening Traders, Today’s Technical Analysis will focus on UBER, with an insane oversold bounce, over 100% gain, currently testing a key resistance that will dictate the overall macro trend. Points to consider, - Oversold bounce still in fruition - Structural resistance in confluence - Stochastics projected up - RSI hitting resistance - Noticeable bull volume nodes - Daily lower high likely UBER is currently in an oversold bounce, testing a key structural resistance that is in confluence with the .50 Fibonacci level. The stochastics is projected up, still has more stored momentum to the upside whilst the RSI is testing its resistance. It is likely to break in conjunction with the upside momentum of the stochastics. There are noticeable bull volume nodes, driving the oversold bounce, this must sustain if structural resistance is to be broken. Overall, in my opinion, UBER is testing a critical level on the macro timeframe. A rejection will be in favour of the bears, putting in lower high. A break and consolidation however, will increase the likelihood of testing upper level, thus changing the macro structure. What are your thoughts? Please leave a like and comment, And remember, “In order to succeed, you first have to be willing to experience failure.” ― Yvan Byeajee
NYSE:UBER
by The_Alchemist_Trader_
2
UBER Falling Broadening WedgeSupport/resistance lines 1. $41.95 2. $33.96 Trend lines 1. The first main trend line begin with the IPO lunch and forms the support line for the falling wedge. 2.The second main trend line begin with the initial structure high at $47.16 and forms the resistance line for the falling wedge. Falling Broadening Wedge We can see the Falling Broadening Wedge forming slow with the Highest point at $47.17 and the lowest point at around $15. The resistance trend line has been touched 2 times and the support trend line has been touched 3 (4) times since the form. In the falling broadening wedges the most usual scenario is the the price consolidation when falling in that two trend lines and in some point the price to break the resistance trend line and form a breakout. RSI 1. 5-Period Rsi In that period i used it to define the main swings/waves of the charts.Based on oversold-overbought areas. 2. 14-Period Rsi In that period i used to define possible divergences. Scenario
NYSE:UBERLong
by we_axolotl
1
UBER: Quadruple Witching Day 3/20 PutsUber rallied 38.26% merely on the CEO's call to investors today. The CEO cited that UBER has enough cash to last throughout this crisis even though no one is certain how long it will last. I'm confident this COVID-19 crisis will last through the summer and transition into a recession. Also, Uber estimates 60-70% loss of revenue since this crisis began. Uber has been bleeding cash since its IPO. It's unreasonable for UBER to surge this much right now. So I bought 3/20 $17 Puts expiring tomorrow, which is Quadruple Witching Day. I'm hoping the volatility goes my way LOL even though many people online believe the market will rally most of the day. Here I noticed the low volume coincided with the increase in price but because of all the volatility expected tomorrow, the price will reverse and drop...is my guess. Bank of America ( NYSE:BAC ) declared that the U.S. economy is in a recession. They are probably the first big bank to acknowledge this. (www.cnbc.com) Quadruple Witching: www.investopedia.com
NYSE:UBERShort
by traderman001
UBER 21 EMA Break | Bearish Divergence| Corona Virus Hello Traders! Today’s update will be on UBER, confirming a bearish divergence as the whole stock market tanks in response to recent developments on the corona virus. Points to consider, - Failure of higher high - Critical 21 EMA broken - Structural support in confluence with .50 Fibonacci - RSI confirming bearish divergence - Stochastics projected downwards - Volume trading at average UBER has put in consecutive higher lows with a recent failure of a higher high signalling weakness in the bulls. An important EMA (21), broke, a daily close below this level will increase the bearish projection. Structural support is critical as this area is in confluence with the .50 Fibonacci, buyers are likely to step in if UBER retraces thus far. The RSI confirmed the bearish divergence by putting in lower highs whilst the price put in higher lows. Stochastics on the other hand is projected downwards with lots of stored momentum. Volume is trading at average, signalling that pressure from both buyers and seller is evident. Overall, in my opinion, a confirmed close on the daily will increase bearish projection as the corona virus uncertainty takes its toll on the markets. A retracement to structural support will be likely if the outbreak worsens What are your thoughts? Please leave a like and comment, And remember, “In order to succeed, you first have to be willing to experience failure.” ― Yvan Byeajee
NYSE:UBER
by The_Alchemist_Trader_
5
Lyft Bounce PlayLyft just had ER a few days ago, it was overall positive. With their chase sapphire partnership, I think it's going to be a huge opportunity for them. I am sure one of these days, if a analyst puts those two and two together, they are going to upgrade the stock and it's going to run. "Lyft Sees Q1 Sales $1.055B-$1.06B vs $1.05B Estimate; FY20 Sales $4.575B-$4.65B vs $4.59B Est." Lyft Q4 Active Riders ~18.586M, Up 23% Year Over Year, Sales Per Active Rider $36.02, Up 23% YoY Lyft Q4 Sales $1.017B Beat $984.17M Estimate Lyft (NASDAQ:LYFT) reported quarterly sales of $1.017 billion which beat the analyst consensus estimate of $984.17 million by 3.34 percent. Lyft Entry 47.05 Target 49.05 stoploss 45.05
NASDAQ:LYFTLong
by WallSt007