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Uber

UBER - Rising Trend Channel [MID -TERM]🔹Strong development within a rising trend channel in the medium long term. 🔹Price surges after POSITIVE rectangle formation break through resistance 29.76. 🔹Support 37 in NEGATIVE reaction. 🔹Technically POSITIVE for the medium long term. Chart Pattern; 🔹DT - Double Top | BEARISH | 🔴 🔹DB - Double Bottom | BULLISH | 🟢 🔹HNS - Head & Shoulder | BEARISH | 🔴 🔹REC - Rectangle | 🔵 🔹iHNS - inverse head & Shoulder | BULLISH | 🟢 Verify it first and believe later. WavePoint ❤️
NYSE:UBERLong
by wavepoint99
Analyzing Uber's Stock Performance and Future ProspectsUber Technologies Inc. (NYSE: UBER) has been grappling with challenges in maintaining a consistent stock price above the $45 mark. However, if Uber manages to break through this resistance level and sustain a position above $45, it sets the stage for a potential breakthrough towards the next target at $49. This stock analysis explores the implications of Uber's struggle and the significance of reaching $49. Struggles at $45: Uber's stock price has encountered resistance around the $45 level, where selling pressure has impeded sustained upward movement. Identifying the factors contributing to this struggle provides valuable insights into Uber's market dynamics. Market Dynamics Influencing Uber's Stock: a. Competitive Landscape: Uber operates in a highly competitive market, facing rivals in both the traditional taxi industry and the ride-hailing sector. Intense competition can impact market share, profitability, and investor sentiment, potentially influencing the stock's performance. b. Financial Performance: Uber's financial health, revenue growth, and profitability are critical factors affecting the stock price. Factors such as rider and driver engagement, expansion into new markets, and the success of diversification efforts can influence investor confidence. c. Market Sentiment: Investor sentiment plays a significant role in determining stock price movements. Positive news, industry developments, and market conditions can create favorable sentiment, potentially driving the stock price higher. Breaking Through $45: If Uber successfully breaks through the $45 resistance level, it signifies a positive shift in market sentiment and investor confidence. Breaking barriers can attract new investors, fueling further upward momentum in the stock price. The Next Target: Reaching $49: The $49 mark becomes the next target for Uber if it surpasses $45. Achieving this milestone indicates a significant breakthrough, further solidifying investor confidence and signaling the potential for continued growth and positive market sentiment. Key Considerations for Investors: a. Fundamental Analysis: Assessing Uber's financials, growth strategies, and competitive positioning provides a foundation for understanding the company's potential for reaching and sustaining the $49 target. b. Market Conditions: Considering broader market conditions, industry trends, and macroeconomic factors is essential. These factors can influence investor sentiment and impact Uber's stock price, affecting its ability to reach and surpass the next target. c. Risk Management: Evaluating risk factors associated with Uber's operations, regulatory environment, and geopolitical events is crucial. Understanding and managing potential risks is integral to making informed investment decisions. In conclusion, Uber's challenge in staying above $45 highlights the obstacles it faces in a competitive market. Breaking through this resistance level and targeting $49 signifies a significant breakthrough and can enhance investor confidence. However, comprehensive analysis, including fundamental evaluation and market considerations, is vital to understand the underlying dynamics and make informed decisions regarding Uber's stock.
NYSE:UBERLong
by ProfitBrazucas
UBER is still bullish short-termUBER had a massive price jump yesterday after the upbeat earnings and is approaching Resistance 1 (37.50), which rejected the February 08 High. That was the last Higher High of the Channel Up pattern that started after the June 30 bottom. We expect this trend to continue for a new Higher High at 39.00. If we get a 1D candle close above the Channel Up, then we will resume buying targeting the Resistance 2 at 42.50. If the top of the Channel Up rejects the price we will wait for our next buy on the 1D MA200 (orange trend-line) near the bottom of the Channel. Note also that if the 1D RSI gets rejected inside the red circle as the previous two Highs did, it will be an additional sell signal. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYSE:UBERLong
by TradingShot
Short the Long-term Trend I always do the same & it usually works more often than it doesn't; but thats not the point What is important is to cut the losses & let the winners run. In a world of 50/50 probability. There are four outcomes to a trade. a big win, a big loss, a small loss and a small win. If we can eliminate the big loss; the small win/loss will even themselves out. And we are left with big wins. Here is an example of letting winners run. Although I admit I Closed full position at Profit target 1 & did not let the winner run all the way to the end. Why? a bullish market influenced me, possibly a mistake but thats fine. this is why I document my trades so I may learn along side the reader. SET UP . the (W) is in downtrend . Long-term(M) in downtrend . price correcting to Lowest High of the (W) downtrend ODD ENHANCER . over buying momentum into qualified (SZ) thats also the Lower High of (W) downtrend . general market in downtrend . Supply Zone (SZ) never been tested before
NYSE:UBERShort
by greatful-me
UBER - Rising Trend Channel [MidTerm]- UBER is in a rising trend channel in the medium long term. - The price has reacted back after the break of the rectangle formation. - There is support around 29.76, which now indicates good buying opportunities. - The stock has broken down through support at 31.60. - RSI diverges positively against the price, which indicates a possibility for a reaction up. - The RSI curve shows a rising trend, which supports the positive trend. - The stock is overall assessed as technically slightly positive for the medium long term. *EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price Verify it first and believe later. WavePoint ❤️
NYSE:UBERLong
by wavepoint99
UBER D1 UPDATE ( TECHNICAL )For more updates, please follow my TradingView page, and if you find the content useful, kindly hit the "thumbs up" button to show your support. If you have any queries regarding trading, please feel free to send me a direct message on TradingView. Additionally, please share this content with your friends who may find it beneficial. Please note that any trading updates provided here are for educational purposes only, and it is always advisable to conduct your own research before making any investment decisions. It is important to ensure that all conditions are met before following any trade plan suggested in this update.
NYSE:UBERLong
by traderchamp_
$UBER Daily swing trader order$UBER Daily swing trader order Sell order for the day: 34.32 Buy order for the day: 28.46 ———— So this is by far one of the most effective strategies that I’ve traded ever. I used to have a very similar version and some of you may remember it from a few years back… but this just requires one buy order and one sell order every day after close… and as the market dips you’re buying and as it’s rallying you’re selling into the rally…. You don’t have to think of anything else…. Its super simple… in a way it’s a very passive swing trade strategy where you’re always buying the dip and always selling on the way up… I am not your financial advisor and feel free to follow along to see how it plays out and jump in any time. I’m tracking only a few of my positions on here and I want to see the success rate after 3 months. I know it works really well already but I want to be able to break it down and see it visually…. I’m visual like that… lol Also not that there aren’t supposed to fill same day… I have each order set to GTD, and the date is 8 weeks out…. So it just needs to fill within 8 weeks…. It is a completely market neutral strategy so lets see how it weathers and drops and rallies that might be looming in this weird market…
NYSE:UBER
by SPYder_QQQueen_Trading
1
LYFT - Buy the Dip, Ride the LiftAccording to the Internet, Lyft is down some 30% post-market following an earnings call that says the company slightly beat revenue and active rider targets, but reduced guidance for Q1 '23 by roughly 10%. Q1 spending and travel being down under the conditions of a) post-Christmas and b) in an economy where credit card debt and credit card rates are climbing high count as a surprise to absolutely nobody. This kind of situation immediately piques my interest. It piques it because the move smells of big money manipulation, the #1 sign that something is about to reverse and a big move is pending. But the news only caught my interest because a Twitter friend had DM'd me about a trendline astrology breakout on Lyft last month, otherwise I had never looked at it, and so I have had it in the back of my head all this time that a pullback to the trendline would actually be worth looking at buying. Now that I've actually looked at Lyft, I like what I see. There's a smaller precedential fractal on Silver futures that illustrates the kind of play I've been looking to see manifest. Trendline breakout --> retest --> more up is a very common pattern that MMs like to play. China Watch The markets are shaky right now, as is the rest of the world. The reason is, the Wuhan Pneumonia pandemic situation in mainland China is countless times worse than the media and Xi Jinping and his Chinese Communist Party are telling the world. The regime still claims that under 100,000 people have died from COVID over the last three years. Just go take a look at how many people have died from COVID in countries with 5-30% less population, countries that aren't the origin of the pandemic, and ask yourself if there's even a 0.001% chance that the CCP isn't just lying and covering up the situation because the Party is _highly_ unstable right now. If you still don't believe it, then remember the Party covered up the 2003 SARS epidemic too. A lot of people died, but the communist regime has always claimed only a few thousand died. It's almost like an evil communist dictatorship has to lie a lot to keep its political power in tact, or something. It's almost like evil communism doesn't lift anyone out of poverty and isn't saving any lives, or something. What a revelation. Regardless, the CCP will fall in our lifetimes, much like the USSR fell on Boxing Day '91. When the Party goes, a lot of things are going to go with it, because China is a much bigger deal than Russia. This is humanity's oldest country, self described as the ("Middle Kingdom"), and the only country to have roots to a 5,000 year old traditional, divine culture. It's also the only country where its government has gone so far as to commit the unprecedented crime of live organ harvesting during the persecution of Falun Gong and Uyghur Muslims, and is composed of the most wicked and shameless rogues, and is the most heinous mafia, in all of human history. When the Party falls, a lot of governments are going to try to take China. And on top of that, what comes out of China as, and after, the Party falls, will implicate many of the same governments and the corporations they formed these "public-private partnerships" with. A lot of individuals will also be implicated. The Sam Bankman-Fried scandal will seem rather insignificant (although you'll also see what was really behind that). All of this combines to mean that any bull market can be sharply and immediately truncated by both geopolitical and natural disaster risks. You have to bear this in mind and take profits on the way up if you're lucky enough to get a winning position! The trade On the monthly bars, LYFT isn't really amazing at first glance. I, mean, it could go to $0 right? Everyone knows everything is going to zero because FEDERAL RESERVE and because RECESSION and because ECONOMY. This is the problem with the bear narrative right now. Instead, you should be looking for bull impulses inside of the prevailingly bearish fundamentals. But then I looked at the weekly and I saw what needed to be seen. Namely, the last 6-8 months of trading have been a play on the '20 low of $14.56. More over, this earnings dump was arranged with a failure to break the $18.58 September '22 high, which has created a double top To me, this, combined with the fact that tech should really be the next thing to pump in anticipation of a July --> December genuine bearpocalypse, leads me to believe Lyft actually bottomed in December. All and all, the play is simple: 1. Buy under $12 1. a) Don't get scared 2. Don't want to see a new low set 3. Targets are the $18.58 double top, May '22 $22.82 gap candle, and the $30 gap fill. What's not to like on the risk/reward in this trade for a company that isn't about to head towards bankruptcy? Moreover, it's not like we're about to see another round of pandemic lockdowns in the next three months, so travel demand ought be hot going into the summer. Moreover, I joked in my Intel short-long-short call from last week that the most profitable trade in the US equity markets has to be buying the dip after an earnings dump and waiting for the gap fill/gamma squeeze to play out lol. Intel Corporation - Buy the Raid, Ride the Wave Good luck, stay safe, and choose a future for yourselves by opposing the CCP and all of its Marxist-Leninist garbage.
NASDAQ:LYFTLong
by LordWrymouth
3
UBER - Enjoy The Ride 🚙 Analysis #27/50Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. UBER has been stuck inside a big range between the 27.0 support and 40.0 resistance. 🏹 If we retest the green support again, we will be looking for trend-following buy setups on lower timeframes For the bulls to take over long-term , we need a weekly candle close above 40.0 resistance. Then we can expect a long-term shift in momentum from bearish to bullish. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
NYSE:UBERLong
by TheSignalyst
UBER MAR03 36/FEB24 38 DIAGONAL CALLBULL PULLBACK SETUP: Uber made a new swing high February 8th. Since then, it's been pulling back with lower or equal volume and the price action from yesterday triggered me to get in today. I'm going to give this a couple weeks just incase this wants to pull back some more. I'm set up for max loss risking a little under 2% of my portfolio. My target of 38 was determined viewing the hour chart and I would anticipate this getting to 38 by the start of March. However, if this gets to 38 before the 24th, I'll take off 75% of my position. Come the 24th. If we are at 38 or above it, I'll close out the entire combo. If we are below 38, I'll hold on to my 36 call until we get to 38.
NYSE:UBERLong
by MMOTA_
UBER Drives into a Wall of ResistanceUBER, a platform that provides ride hailing, food delivery, and package delivery as a service, started its downtrend before the major US equity indices. UBER's all-time high occurred on February 10, 2021, almost exactly two years ago. UBER proceeded to carve out lower highs and lower lows for quite some time afterwards, the very definition of a downtrend. But it has not undercut its June 2022 low yet. Since the June 2022 low, UBER has formed a series of higher swing lows and higher highs. This forms an uptrend at an intermediate level of trend. However, this uptrend could be part of a larger-degree downtrend. For example, it could be a correction at a larger degree than the prior corrective moves within a downtrend. The downtrend in UBER might be just getting started with the move from the all-time high to the June 2022 low being the first major leg down. The corrective move could be the first major retracement (with all the other bounces constituting smaller degree corrective retracements). To illustrate without getting into the nitty gritty of wave-counting (which often ends up wrong anyhow from this author's experience, which includes seeing EW experts' wave counts consistently being wrong and reworked), assume that the downward move from the all-time high to the June 2022 low is a larger-degree corrective wave A (which itself is composed of smaller subwaves within wave A that alternate between impulsive and corrective). If the downward move in UBER is a wave A (or wave W) at a larger degree of trend, then the current retracement could be a wave B (or a wave X) that retraces 38.2%, 50%, or 61.8% (or more perhaps) of the first major leg of the decline, the prior wave A in our assumptions. If this is case, a less steep downtrend line may be in the process of forming. But this is all speculation at this point. The macro environment, including rising terminal Fed Funds rates, gives a hunch that this might be the case, however. In short, UBER's upside breakout from its downtrend line may be part of a large-scale corrective retracement that sends price to new lows. This won't be clear until the retracement is more or less completed, and then the reaction lower either retraces that move or closes in on new lows. Traders don't necessarily need to know whether new lows are on the way to find levels where UBER could reverse and stall. This analysis points to UBER's price reversing soon (in several days to a couple weeks). The rally is running out of steam. The first downside target is $32 (conservative) , which may be reached by March or April 2023. Depending on how price behaves on the pullback, this post may be closed after the first target is reached. The second downside target is $27 (aggressive), and this will likely take a bit longer to reach than the conservative target, and this target is not viable unless the first target is convincingly reached and held (below). The final target would be the lows from June 2022 (most aggressive) at $19.90. The main technical-analysis points are listed below: The yellow parallel channel defines the rally off the June 2022 lows. A convincing break below the lower edge of this channel will be good confirmation that price may retest (or break) the current lows. UBER is closing in on the top of this yellow uptrend channel where it is oversold within this intermediate-term uptrend. At prior tags of this channel's upper boundary, price has reversed. However, price can overthrow a channel boundary in its final move upward at times, so be alert to that possibility. In addition to being near parallel-channel resistance, UBER has traded into the center of a major support / resistance zone (now resistance, previously support) that goes back to UBER's first days as a publicly traded company. See the blue rectangle on the Primary Chart above. This blue rectangle of support / resistance also coincides with a key Fibonacci level (purple line) shown on the Primary Chart, the .382 Fibonacci retracement at $36.76, which was reached this week along with the blue rectangle. The Fibonacci / measured-move projection of 1.00 (where the first move off the lows equals the second numerically) lies at the blue 1.00 line at $39.58. This seems like a good spot for UBER to reverse. This area is highlighted with the larger teal-blue circle. Next is the Fibonacci 50% retracement of UBER's bear market at $41.97. Sometimes, when a move exhausts, an asset's price does a "throwover" above the top of a parallel channel. This is where price pushes to an extreme, often above the level of a return line—the parallel channel's top line. This is why it's never wise to do a YOLO play throwing all your chips in with leverage at one spot that seems like a reasonable reversal area. Throwovers and whipsaws occur. Markets surprise and inflict pain constantly. But the more precise the entry, and the more well-defined the risk, the better the approach. The last level to watch for a reversal, though it seems unlikely in this macro environment to be reached, is the .618 retracement of the entire downtrend. This level equals $47.18 and coincides with another Fibonacci level (1.272) at $45.91. SquishTrade expects a reversal soon. Whether UBER reaches new lows, or simply retraces to the lower boundary of its parallel channel, remains unknown. No bold predictions in that regard. However, price could do a couple different things on this pullback. It could retest lows or it could bounce off the lower edge of the parallel channel, which is an uptrend line (yellow parallel channels' lower uptrend line). See Supplementary Chart A below. Log-linear regression channel supports a downward bias here. See Supplementary Chart B below. But short traders may want to avoid shorting until price confirms the downside move. There are many ways to look for confirmation. One way might be to avoid shorting until price breaks back below the anchored VWAP from the all-time high. Another approach might be to look for a break back below a key support / resistance level on a daily close. There are many other approaches technicians and traders can use. Two of DeMark's indicators are approaching exhaustion on daily and intraday charts. Weekly charts require a few more weeks of higher highs before weekly exhaustion can be obtained, but that might not fully play out if price reverses at key technical levels before several more weekly up closes. Supplementary Chart A Hypothetical price paths illustrating that price could bounce off parallel channel's support and continue its corrective rally, or it could break that uptrend and head to new lows Supplementary Chart B ________________________________________ Author's Comment: Thank you for reviewing this post and considering its charts and analysis. The author welcomes comments, discussion and debate (respectfully presented) in the comment section. Shared charts are especially helpful to support any opposing or alternative view. This article is intended to present an unbiased, technical view of the security or tradable risk asset discussed. Please note further that this technical-analysis viewpoint is short-term in nature. This is not a trade recommendation but a technical-analysis overview and commentary with levels to watch for the near term. This technical-analysis viewpoint could change at a moment's notice should price move beyond a level of invalidation. Further, proper risk-management techniques are vital to trading success. And countertrend or mean-reversion trading, e.g., trading a rally in a bear market, is lower probability and is tricky and challenging even for the most experienced traders. DISCLAIMER: This post contains commentary published solely for educational and informational purposes. This post's content (and any content available through links in this post) and its views do not constitute financial advice or an investment or trading recommendation, and they do not account for readers' personal financial circumstances, or their investing or trading objectives, time frame, and risk tolerance. Readers should perform their own due diligence, and consult a qualified financial adviser or other investment / financial professional before entering any trade, investment or other transaction.
NYSE:UBER
by SquishTrade
7
LYFT SWING TRADE IDEAAfter news came out about their new initiative to give people on the way to a job interview a free ride, my eyes have been on LYFT. I immediately took note of their fundamentals.. whew! In its history, its only missed earnings twice! In my opinion, LYFT has longevity potential! With earnings coming up next Thursday, I love the position this stock is sitting in right now! It has come to meet a major supply zone and the primary trend line, around 17.45. A break and retest of this zone and I will look to take it up towards 20.50. If we reject this supply zone and trend line, I will look to take it down towards 13.85
NASDAQ:LYFT
0
by WSBB
2
UBER 10 FEB 32/17 FEB 30 DIAGONAL CALLBULL PULLBACK SETUP Detailed definition of setup and what market conditions are desirable: I've had UBER on my watchlist since about the end of December. And since about August of 22', it's kind of been trading between 31.57 and 26.06. So I was curious to see if it would make it's way back into that sideways channel and so we're here now. And even though overall market sentiment is bearish, UBER has had good momentum to the upside since the end of December. Detailed Definition of the trigger (entry point) used to enter position: On January 18th, UBER made a new swing high so I was anticipating a pull back to come. The 19th it retraced back to a support/resistance area of 28.36. I placed an alert to notify me once it traded above the 18th's high which I set at 29.29. It triggered this morning. Detailed Definition used to determine Stops (abandon or adjust) No stops. I'm set up for max loss risking less than 2% of my portfolio. TRADE SETUP Uptrend: Stock made a new swing high on the 18th. It's also trading above a rising 50-day SMA. The pullback brought this back to prior support/resistance level of 28.36. On the pullback, there was lower or equal volume on pullback and I'll be using yesterdays candle as my reversal candle at area of support of 28.36. How strike prices and expiration dates are selected Let's take a look at the hour chart. I drew a trend line from the low of the 27th, and the low of October 11th 2022. I was debating on which strike prices I wanted because there wa an option of a strike price of 31.50. But I decided to go with the 32 strike because I anticipate that it will want to blow through the 31.57 zone I have, and do something similar to what happened between September 9th 2022 and September 21st 2022. uber announces earnings February 8th so I went with the Feb. 10th expiration with the anticipation that this will run up higher going into earnings. So I plan on closing this out no matter what before the 8th. Position management strategies when the stock goes lower If this goes lower, I'll just let expire worthless and move on to the next trade. I'm set up for max loss Position management strategies when the stock goes sideways If this goes sideway I'd be ok with that. It would have to trade between 30.05 and 28.36 but then I'd want to see this run up before earnings. If it just stays in this range for the next three weeks, I'll let it expire worthless and move on. Position management strategies when the stock goes higher Ok, so if this thing blows through 31.57 before February 7th, I'm going to hang on to this to see if this drifts back down to the apex of the trade. But if it decides to hang out above 32 by Feb 7th, then I'll close out the entire combo because I don't want to keep this going into earnings. Position management strategy at expiration I'm not going to hold this until expiration. it needs to be close out on, or before February 7th.
NYSE:UBERLong
by MMOTA_