Uber
UBER - Active pattern is still pushing price down
Downward push from the key supply levels is relentless. despite good ER, rejected VWMA and down to the recent low.
I H&S pattern is emerging on the daily, if it loses 34 again, 29 is next.
short is still the path of least resistance, but I'd be vigilant if I was too deep. 34 holds and it bases above for a bit, test of VWMA around 40 and the breakout is on the cards.
neat falling wedge makes this a very attractive pattern.
UBER - $30If you've followed our previous charts on Uber they've been spot on. We're looking to buy back in at the $30 levels using dollar cost average method.
Cheers!
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Uber Technologies: downtrend on the wayAlthough it's true investors are buying around these levels, the price keeps falling around the downtrend channel. Good buying opportunities are found on the lower part of the channel. It's a good opportunity for a buy-and-hold strategy, but the incoming FED intervention on interest rates hikes could pose a tremendous risk on the short term in all stocks, so care with volume. In terms of fundamentals, Uber has improved a lot and reduced losses considerably, financial and operational results were positive this last Q, way better than those of 2020. The best strategy is to buy the dip. So analyze the financial results of 2021, compare it to 2019 and 2020 and place your bets! I'm pretty sure this one is gonna perform really well in the coming years, but it's all about timing. If indices fall, we will find a great opportunity on this one!
Uber projection (amateur)Well , firstly i believe Uber is highly undervalued and believe it has high potential upside post q4 eanings and after CFO stated Uber is looking at $5 billion in. profits by 2024 .
furthermore , Uber settled a lawsuit over some google secrets which were being traded in regards to self driving car , this is me putting my 2 cents and ignoring tehcnical analysis but i remember uber raised the cost of delivery and rides because they were offering at a loss because they couldn't afford to pay all their drivers , what would make most sense is a fleet of driverless rideshare and delivery and i wouldnt doubt the lengths uber would go to get its hands on some intel on autonomous vehicle engineering as this would push ubers potential and opportunities for expansion limitless and be able to retin up to 40A% more profits
back to brains , uber and lyft both show high booking reports going into 2022 displaying a high demand for mobility and as pandemic fears and mask mandates are being pushed aside , travel and need for mobility and travel will rise offering higher profitability for both rideshare companies this coming year but more towards uber as it offers food delivery .
Missed the UBER IPO? You can buy it for less nowUBER Q4 report:
earnings of 44 cents per share VS expected -33 cents
$5.78 billion VS $5.39 billion expected.
Q4 Gross Bookings outpaced expectations
Delivery and Trips came up a tad short estimates.
Freight $1.08 billion VS $807.8 million expected.
My price target for this quarter is the IPO price, $45.
Looking forward to read your opinion about it.
UBER Channel TradeUber is at the bottom of a channel its been in for a year and a half. Could be a beautiful trade to the top of the channel. This is a relatively long swing compared to my usual taste so we'll see what happens.
Don't make any trade at all until you have done your own analysis. I am a stranger on the internet and it probably isn't smart to copy random people on the internet. With that being said, If you agree with the idea give me a little like, and maybe a follow. I usually only trade forex and futures, but am going to start getting back into stocks mainly because this correction made everything much cheaper. Most of my stock plays will be swings as opposed to day trades or long term trading.
So anyway, I hope everybody has a happy last friday of the month. Hopefully, February is much brighter, but for now, Have a great weekend and be safe.
Uber Analysis 30.01.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
UBER - Wedge?It's back at a major pivot of 38.52.
If/when this eventually recovers to the bulls, it could well do it in the form of an inverse head and shoulders with multiple shoulders. How it behaves on a new longer term higher high will be telling.
$35-39 is my first cautious accumulation area. Broader market will determine a lot. In my opinion we're entering a scary time for growth investors and so careful accumulation will be important looking out 1-2 years.
I'm considering LEAPs, possibly targeting the 100B market cap mark which is about $46/share. $45 strike Jan 2024 calls are currently $8.60. To collect credit against along the way. Hmm...
White House backs ride-sharing oversightThis is bad news for Uber and I couldn't be more pleased. Everyone, this is absolutely not financial advice and just my opinion, but it would be SUPER cool if we all just made Uber go to like $2 a share. That might still be too much because their business doesn't actually even make money anyways.... hmmm...
So the white house is putting pressure on.
Showtime just released a new film about the scandalous ex-CEO
Bolt is driving new competition (literally lol) and doing great.
Plus they're threatening drivers that don't accept all rides with deactivation.
FACT: They only exist in a market where money is free. Turns out money can't be free forever???...poo
UBER Green For My Wife's Boyfriends' DUII know some of you must be thinking that the gap is not fully filled and it will fill it. However, the chart shows that it doesn't care about that and is so far respecting the trend line. A break of the 1st resistance and upper trend line will send this up. One thing to keep an eye out that could affect the technical analysis is their next earnings report as earnings reports are always gambles and have unpredictable effects. An entry now would be a little bit risky now but could profit some from the bounce on the bottom trend line currently to the top trend line. A break of the bottom trend line negates the technical analysis.
Happy Thanksgiving Everyone!
*Trade at your own discretion and have due diligence of your own!*
WTRH's Upside Looks Tremendous However, Support Not SettledThe waves never lie, though sometimes we read them wrong.
(at most, wave 1 could see the boxed area before capsizing).
$UBER broadening formation$UBER nice broadening formation here. stock moves very sluggish even with the decent volume, so watch your entry.
bullish momentum in higher time frame looks strong and plenty of room to go up.
day trading scalp:
Buy above 40.30 sell at 41.50-42.30
Buy below 39.03 sell at 38.10 - 37.07
always take profits as you see one. always follow your plan and risk management.
Hello everyone,
welcome to this free technical analysis . ( mostly momentum play )
I am going to explain where I think this stock is going to go over the next day or week play and where I would look for trading opportunities.
If you have any questions or suggestions which stock I should analyze, please leave a comment below.
If you enjoyed this analysis, I would definitely appreciate it, if you smash that LIKE button and maybe consider following my channel.
Thank you for stopping by and stay tune for more.
My technical analysis is not to be regarded as investment advice. but for general informational proposes only.
UBER - Surge Pricing AheadUber Technologies will be looking to display strength as it nears its next earnings release. In that report, analysts expect Uber Technologies to post earnings of -$0.33 per share. This would mark year-over-year growth of 38.89%.
Last week, Aurora Innovation Inc said it had launched a pilot program with the freight unit of Uber Technologies Inc to transport goods in Texas and to integrate autonomous trucking into Uber Freight's shipping platform. Aurora said it began autonomously transporting loads for Uber Freight customers between Dallas and Houston last week. The company plans to launch its commercial autonomous trucking business by the end of 2023, starting in Texas.
Uber is an investor in Aurora after the self-driving company bought Uber's autonomous vehicle unit ATG last year and Uber acquired a 26% ownership interest in Aurora.
Uber is in the upper bollinger band, holding right at about the 20 DMA. Stochastics and MACD are showing a bullish trend.
$W $NFLX $UBER $AAPL I OptionsSwing WatchlistW 1D I As stay at home stocks bounced a bit last Friday, we had W bounce 8%+ right at our support. W seems to be forming a bull flag on the daily chart.
NFLX 1H I NFLX is down more than 15% from all time high levels. Watching for a breakout from this downtrend, for either a relief bounce or a stay at home stocks rally.
UBER 1H I UBER double bottom near $35. Watching for a consolidation above $39. It is a bit extended from the 9 EMA on the hourly after bouncing 13%+ from $35.
AAPL 1H I AAPL is down 10 points after hitting a double top near $180. It seems to be consolidating right over $170 and we'll see this week if it remains on an uptrend.
UBER Weekly Options PlayDescription
UBER began its bear market after the break in the major trendline July. It has now broken through major support established from the ascending triangle that was built in MAR - NOV timeframe of 20' and was also tested in SEP of 21'.
The break through 38 is the signal for the entry, and also the stop loss for the position.
Using long puts to leave the downside open.
The level of the VIX right now is my primary concern in opening long option positions. I consider all of my positions risky, and manage risk accordingly.
Long Put
Levels on Chart
SL > 38
PT : 33*
*Stops based off underlying stock price, not mark to market loss
The Trade
BUY
12/17 34P
R/R & Breakevens vary on fill.
*At 33 I will take profits, and roll to OTM puts.
The Long put is placed OTM for higher profit percentage, but before the target price for max chance of success by expiration.
Manage Risk
Only invest what you are willing to lose
$UBER Target 29.14$UBER Target 29.14
Technical weakness here is pointing to a move lower…
GL, and let me know your thoughts!!
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I usually trade both ways, but lately I’ve been focusing more to the downside because of how high the market is. It makes more sense to sell puts right now, and that's what I'm doing at the moment.
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I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence.
I am not a bull. I am not a bear. I just see what I see in the charts and I don’t pay too much attention to the noise in the news.
Very often you have to look at my charts from the perspective of where I’m looking to sell puts. But I also do open positions still once in a while.
If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can.
Have fun, y’all!!
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