Uber
$UBER in downside price discovery Despite positive earnings reports, Uber is dumping. Lyft also has positive earnings and is at the brink of support. hmmm..
$LYFT inches to price discovery to the downside Probably gonna follow $UBER. A bounce here would be a good sign though. Lyft has been beating earnings expectations.
UBER SEP 27 10 PUT @ .17Think going closer to 23-24 before rebounds. With losses like they have and no foreseeable way to profitability (this is a commodotized business) the current valuation is way too high. I think even at $23 the market valuation is a joke.
Lyft amazing buying opportunityThere is a lot going on in this chart but there are a couple things i would like to put an emphasis on for Lyft. First, notice that we are in a massive falling wedge structure, generally indicating a breakout upwards. Second, notice the red line i have drawn at the bottom of this descending wedge. This red line could be considered a major support level, as it acted as both support and resistance back in May. Third, notice the MASSIVE bullish divergence on the 4hr RSI. Finally, notice that the fib retracement .786 level matches up in confluence with the red line major support I have drawn. All in all, I think it is safe to say we will be seeing a larger reversal for Lyft in the coming weeks. Don't miss out on this amazing opportunity.
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Lyft potential long from supply areaTarget 1: 58s
Target 2: 61s
Stoploss: 46s
Reward/Risk: 1.3-1.93
I might be looking to dollar cost average around the stop loss level. When the market is so weak like it is supply and demand levels tend to react aggressively.
Alex Vieira Sees UBER as Wall Street Economic Disaster UBER is losing billions of dollars good for Americans losing all their money believing in the dream
Uber bullish bat pattern after IPO!One of the most exciting IPO Uber pulled back a lot recently,
and here we got this bullish bat pattern!
I'll be waiting for 37.3 spot to long!
Let's see how it goes yo!
"Joe's Earning season preview" EP04 --DIS,MNK,ATVI,UBER,and JACKHi everyone, after a week off I'm back to the stage!
There are still plenty of names that are going to have their earning report this week.
Again, this series is more about "How I check up names during earning season" rather than focusing on some specific names or plans.
Mon: MAR, SHAK, TSN, TTWO
Tue: FIS, MNK, DIS
Wed: DDD, AIG, BKNG, JACK, LYFT
Thur: ATVI, DBX, UBER, YELP
Let's see how they go yo!
UBER before 13% gain... The exchange rate has reached its correction level. It could be somewhere around 39 usd levels. I expect a rise from this level. With the shape of an inverted fractal. In this case, the exchange rate may return to a sidebar. The top of the sidebar is your primary target 45.67usd. In this range, I'm expecting accumulation and then an upward breakout. The secondary target price can be 50 usd.
UBER IS DROPPING OUT OF WEDGE - RIPE FOR SHORTINGUBER is dropping out of a rising wedge pattern. UBER lost $1 billion last quarter and is projected to continue making huge losses in coming quarters. Ride sharing is a competitive venture. In the US there is Lyft and others competing against it. Internationally there is Ola competing. On the delivery business there is Grubhub and Deliveroo competing against UBER. UBER doesn't have a competitive advantage, it is up against competition everywhere. To compete against taxi services, all they did was create an app and network to allow people in their private cars to drive part time. However, it appears not difficult to do and others are introducing services. The Californian Govt is debating whether UBER drivers are not contractors and are employees entitled to sick leave and so on. If this passes, UBER will be under more margin pressure.
Even if you assume UBER will become profitable by 2023/2024, I still struggle to get a DCF valuation for the stock above $30 in the optimistic viewpoint. For the pessimist, UBER could be valued much lower. I think UBER is a good short sell at $43, cover at around $30. If it rapidly falls from here, delay cover to $20 or less.
UBER STUPOR!So, we are at the crossroads of two trend supports. An initial trend established early on and a later one defined by the recent higher lows. If we bounce that is strong support for a long, if we break both trends then its not. Simple dimple.
Please comment, I see lots of views and no comments, really keen for some comments, any comment, simple comment, complex comment, negative comment, nice comment, mice comment, whatever.
Keep it clever!
UBER | July 11 UpdateWave 2 looks to have completed and we should be beginning an impulsive wave 3 upwards. I'm looking for a 1.168 of wave 1. If We are starting wave 3 and not a wave C of an ABC retrcement then we could be heading into new ATH mid-month.
UBER | July 10 Update 3 Target 1 was hit from yesterday's chart. A motive wave is almost complete for a continued rise up to Target 2. If we have a trend reversal we could see a correction from Target 2 to retest ATH and potentially surpass.
UBER 1h Analysis Part 2 | July 10, 2019After breaking the EMA resistance with a small bull flag we've completed an inverse h&s and can project a 1:1 price action which coincides with our 0.5 fib level and T1 target of ~44.72 . A 1:1.618 action would take us to T2 ~45.43. If you viewed my charts and like them please let me know. If you have suggestions please leave some feedback so I can improve, thank you!
UBER 1h Analysis | July 10, 2019We broke out of the descending wedge. We are currently testing resistance on the 55 and 100 EMA, on successful breakout we could then test the 0.5 or 0.618 Fib retracement levels to reach our initial target of 44.8 then 45.5. Looking back and seeing our continued Higher High and Higher Low, we'll need to understand how strong the rebound is and monitor channels and trends to see if a retest of ATH is possible this month.
UBERAfter correcting from its ATH UBER may have more downwards price action but a breakout of the ascending wedge could see us go as high as ~$44.50 before resuming.
