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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 AzizKhanZamani
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 AzizKhanZamani
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
UBER trendreversal confirmed part 2Welcome fellow Tradingviewers, Our first individual stock pick of 2020 has been outperforming our expectations. Resulting in almost 40% profit without any leverage! In an Interview the CEO of UBER announced that UBER is going to be profitable by Q4 a whole year earlier than expected. Besides the great news, we also had a great earnings rapport indicating upside momentum for UBER. We will be analysing UBER using a top-down strategy, including candlestick patterns, indicators and price patterns. Monthly: - We can clearly see that the first month of 2020 has closed in a huge Bullish engulfing candle, indicating more upside momentum. Weekly: - The last weekly candle closed in a bullish engulfing candle, indicating more upside. - The last weekly caandle managed to close above the 40 dollar resistance indicating more upside momentum. - MACD is in bullish territory, indicating more upside momentum. - RSI is still neutral Daily: - The volume has shown support of the recent price rise, with high volume buying, indicating more upside momentum. - We are above all Ma's indicating more upside momentum. - MACD has just crossed bullish again, indicating more upside momentum. - RSI is showing a bearish divergence, indicating downside momentum. In summary: The first month has been incredible for UBER, great earnings and the road to profitability have resulted in UBER retracing almost all the way back towards the IPO price. We are currently nearing the 43 dollar resistance, before heading towards the 46 dollar resisstance. after this the sky wouold be the limit for UBER. So let's see how 2020 is going to unfold for UBER but for now everything is still looking healthy to start thinking about reaching a new ATH! This analyses is only intended to share my idea, to educate and entertain you guys. This should not be considered as financial advice. I hope you guys enjoyed this analyses, if you did don't forget to leave a Like ! If you want to share your thoughts, please do so in the comments below! Kind Regards, FORALLCRYPTO
NYSE:UBERLong
by ForAllCrypto
UBER watch for resistance - BTDUbers just been way too strong to ignore lately. Huge positive with the Uber Eats news, although it was known - the beating this sector took late last year - it was bound to help fuel the buying. I'm not adding to my position but waiting to see if we pull back to the $34 area. Cup I drew out shouldn't really be thought too much into, just curious to see if a C&H could form, wouldn't count on it. Uber has been $ and I don't see the mood changing too much until earnings which will dictate the next phase. $40 by earnings. GLTA
NYSE:UBERLong
by Slothcharts14