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Uber

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.
NYSE:UBERShort
by victorko
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.
BITSTAMP:BTCUSDLong
by rutt
2
$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
NYSE:UBER
by TradingToro
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!
NYSE:UBERLong
by Tradingstrategyguides
4
UBER Move coming, ST Bottom within rangeLooking for Uber to push higher to the top of this range it's currently defining. New indicator I'm using here and there shows a bottom detected earlier today and some strength on the intraday at close. Hoping we push above the Green line and on to $45.30 area. Still enjoying Uber price movement, IPOs are hard to predict but IP and Ubers expansion into other related industries makes me believe in them LT over other companies like LYFT. Financials need to catch up to hype and current values but that obviously takes time. Hoping for more PT upgrades before next earnings. GLTA
NYSE:UBERLong
by Slothcharts14