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!
Uber
"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.
BTC & UBER - Are They deeply Interconnected and Intertwined ?The idea of Uber on mass accepting bitcoin has been floated before, though the public has partly been left in the dark.
something to think about : coinciding with the Uber IPO, BTC has rallied 100% +. Key support/resistance levels have broken.
Dara Khosrowshahi the Uber CEO is an early advocate of bitcoin .
Prominent beneficiaries of the IPO including Bill Gurley, Softbanks Masayoshi and others have all publicly been linked to bitcoin .
Original co founder of Uber Garret Camp is prominent in crypto & currently investing/utilizing the underlying technology.
There are dozens of articles linking the original Uber investors to digital currency. Will Uber be the avenue used to push crypto into the main stream.
Is it inevitable and/or imminent ? Let me know what you think.
UBER a best kept secret in plain sight ever heard of COKE and PEPSi .... UBER and GRAB a duopoly to rule the world
UBER is the GOOGLE in ride sharing...
$UBERNYSE:UBER Luego una trágica IPO, remonta hasta el precio máximo hasta el que llegó desde que se hizo pública el 10/05. Remontó hasta este valor y en mi opinión mañana irá a testear el precio máximo que tiene como resistencia al cual llegó el 06/06. Veremos donde cierra pero la apertura posiblemente sea sobre el precio soporte de 44,95 aproximadamente, zona que testeó 6 veces y que coincide con el precio máximo de la primera vela de esta empresa. Luego de ahí podría ir a testear máximos aunque hay posibilidad de que también abra a la baja y vaya a testear el soporte dinámico que coincidirá con el retroceso de Fibonacci de 0,236
UBER TECH ASCENDING TRIANGLE LONG BREAKOUT TRADEUber is in an ascending triangle chart pattern - bullish bias trade
Buy on daily close above 45.00
Use full-size position only if volume
breakout candle is at least average.
Otherwise, use 1/2 size as long as volume
is at least 75% of average.
Find your own SL & TPText
We are doing a live triangle trading class on our TTT Strategy June 25th @ 2PM ET! If you are interested in learning more about it, please visit the link you see below in our signature. Thanks!
UBER - Use it, don't own it!The charting is difficult for the fledglings, but all of the same. The volume has dropped off a cliff at a new high. Generally not a good sign. I like the service, but it makes no money.
