$UBER Target 29.14$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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( •_•)
/ >🚀
Uber
UBER Volume AnalysisSee arrows to indicates direction of the volume. Seems like this is a unfinished auctioned conclusion happening meaning the jump was too quick by an institution. They want to absorb all the supply every trading hours to complete their full position maybe ?
Green light with a (1.000) ratio are fibs projection forming potential support if we break the strongest one for now.
Waiting to see here if UBER will start to show some strength before entering anything. Any high RR play can be valid here.
I will be personally take a sub 15 delta play on this one for options.
$WBX to $18 by Nov 30Wallbox is a Barcelona-based EV charging company that uniquely provides affordable home chargers for global customers.
Their CEO is a former Tesla employee and the company has recently teamed up with UBER and SunVault to help expand into the US market.
Expected EBITDA to be profitable by 2024 (remember, we're nearly in 2022!) with in-line revenue targets consistently reached as well as overcoming supply chain woes.
A fairly underappreciated EV stock amongst traders and investors alike, though the upcoming US infrastructure bill and pre-existing EU subsidies for EVs, will continue to add value to Wallbox's share price.
We have a modest price target of $18 by the end of the month with significant upside in the long term. Wallbox is a great backbone stock for those who missed or caught late the EV super trend.
$AMZN $NVDA $CCL $UBER I OptionsSwing WatchlistAMZN 1H I Trading within an upside channel. AMZN went above $3,600 after breaking out from an ascending triangle yesterday. We want to see of our channel.
NVDA 15M I Strong momentum to the upside especially after reporting earnings last week. Watching for a breakout above $330, uoa picked up on the $350 strike.
CCL 1H I CCL is down nearly 40% from recent highs and its nearing support near $20. Watching for a breakout from this downtrend for a swing into 2022.
UBER 1H I Seems to be consolidating after reporting earnings. Last week we saw insiders buying at this level which means they are confident in the stock going forward.
UBER stock desperately needs to breakout from the box!Hi everyone,
Today we are taking a look at NYSE:UBER price movement.
We are using boxes with levels and fixed term volume profile.
What has been happening?
NYSE:UBER stock is pretty volatile asset in general (leaving out all meme stocks obviously). During last 7 months it has been moving in 37-56 price range with POC at 46-47 level.
Last 2 months, however, the price spent in a consolidation box in the 42-48 zone.
Volume profile for this period is not distributed uniformly, with value zone from 44,5 to 47,3 and POC at 45,5 .
Where are we now?
As of 17th Nov close, we are at the bottom line of the value zone at 44,4 .
Due to the fact that stock price did not close significantly outside the value zone, a reversal to 45,5 POC level is expected.
Moreover, longer-term POC of 46,9 is likely to be revisited.
What to expect?
I want to see profile structure repair at the value zone. That would signal of healthy price development.
Second biggest volume node is at 47 , so I expect POC to migrate there if we stay in the value zone.
Looking even further down the road, break of 48,7 box level takes us to 51,8 .
As always, trade wisely and good luck!
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Disclaimer!!!
This is not financial advise
$UPWK $AAL $MU $UBER I OptionsSwing WatchlistUPWK 1W I UPWK massive ascending triangle on the weekly chart. After reporting earnings it came down to test our trend and this seems like a great entry to go long.
MU 1D I Micron is uniquely positions to speed up 5G across all parts of the spectrum. MU is currently breaking out from the bull flag we highlighted last week.
AAL 4H I AAL is showing us another entry to go long here. Setting a stop below $19.50. Looks like $20 will hold and it would be great to start seeing higher lows.
UBER 2H I UBER retested the breakout from the bullflag and it is now making a double bottom near $43. We have resistance near $46 and $48, and support near $44.
Every Traders and Analysts should know their Limitations!In this article, I would like to review some of my best trades in the past 2 months!
My goal is to talk about earnings and how unpredictable their outcome could be.
In the past few months, I have tried to find reliable methods to predict the price movement after the earnings!
Unfortunately, I did not find any reliable and fairly accurate method so far!
Having said that, I prefer to stay out of trades before earnings to manage the risk of exposure to big gaps!
I do this because I know it is in my favor in the long term!
For example, I opened a perfect entry at 125.5 for Qualcomm, and closed with a +7.66% gain before the earning! It popped with +12% after earnings!
Should I regret it?
My answer is NO, I am actually very proud of this trade, although I missed the bigger chunk of profits in this trade, my decision was right in Palantir and AMC case!
PLTR: trade closed with +10% in 21 days
AMC: trade closed with +26% in 4 days
Also, I prevent a catastrophe in PYPL: closing with a -2.16% loss.
But why should I be proud of my trade?
I think any trader needs to define his rules and follow the rules!
In the long term, those who do not follow their rules will have the same result, most of them will fail..!
How did I decide to not hold my positions during earning calls?
I apply one of the game theory rules!
Minimax
In game theory, minimax is a decision rule used to minimize the worst-case potential loss; in other words, a player considers all of the best opponent responses to his strategies and selects the strategy such that the opponent's best strategy gives a payoff as large as possible.
The name "minimax" comes from minimizing the loss involved when the opponent selects the strategy that gives maximum loss and is useful in analyzing the first player's decisions both when the players move sequentially and when the players move simultaneously. In the latter case, minimax may give a Nash equilibrium of the game if some additional conditions hold.
Minimax is also useful in combinatorial games, in which every position is assigned a payoff. The simplest example is assigning a "1" to a winning position and "-1" to a losing one, but as this is difficult to calculate for all but the simplest games, intermediate evaluations (specifically chosen for the game in question) are generally necessary. In this context, the goal of the first player is to maximize the evaluation of the position, and the goal of the second player is to minimize the evaluation of the position, so the minimax rule applies. This, in essence, is how computers approach games like chess and Go, though various computational improvements are possible to the "naive" implementation of minimax. (Brilliant)
Minimax has many applications:
In game theory or decision making, a tactic in which individuals attempt either to minimize their own maximum losses or to reduce the most an opponent will gain. For example, a health researcher may propose an intervention that would be the least aversive treatment for a serious disease, thereby minimizing the adverse effects patients may expect to experience as a result of the disease.
I can apply what I learned in med school to the market!
When should you use Minimax in trading?
The answer is simple:
Always..!
Actually, Minimax is the mathematical reason behind using stop loss!
I think I do not need to talk about the importance of stop-loss, I just want to mention WD Gann quote about stop loss:
"Stop loss orders are a trader's best friend."
Price Gap:
Generally speaking, stock prices experience a price gap after earnings! makes it very hard to execute your stop loss without slippage if you are on the wrong side of the trade! this slippage could harm your overall performance in long term as a trader!
Decision-making in the presence of uncertainty.
Minimax, as the name suggests, is a method in decision theory for minimizing the maximum loss. Alternatively, it can be thought of as maximizing the minimum gain, which is also known as Maximin.
It all started from a two-player zero-sum game theory, covering both the cases where players take alternate moves and those where they made simultaneous moves. It has also been extended to more complex games and to general decision-making in the presence of uncertainty.
Stock Market is a Non-zero-sum game, While options are a zero-sum game!
To wrap it up, you should use minimax when your opponent is very sophisticated and its activities are very unpredictable!
No need to say that market is very sophisticated and unpredictable!
"Why do you think the same five guys make it to the final table of the World Series of Poker EVERY YEAR? What, are they the luckiest guys in Las Vegas?"
-Mike McDermot, 'Rounders'.
Reference articles:
brilliant.org
dictionary.apa.org
uh.edu
becominghuman.ai
$T $AAL $MU $UBER I OptionsSwing WatchlistT 1D I T spent millions lobbying to get the infrastructure bill passed. It's network expansion plans will benefit from govt. subsidies. There is a bullish div on the RSI.
AAL 2H I AAL ended up breaking from our bull flag last week and made a 15%+ move from our entry, after finding support near $19. Expecting resistance on AAL near $22.
MU 1D I Micron is uniquely positions to speed up 5G across all parts of the spectrum. MU is currently testing the top of its bull flag. The stock average price target is $96.
UBER 2H I BUBER bounced right on our trend. After reporting earnings UBER ended up breaking out from the bull flag and making a 12%+ move from our entry.
$CRWD $AAL $AFRM $UBER I OptionsSwing WatchlistCRWD 4H I CRWD has been consolidating between $280-$290 after a big run from $240s. Watching for a breakout above ATH as we have uoa betting on a breakout above.
AAL 2H I Down nearly 15% from recent highs, we are seeing AAL trading within a bull flag pattern. We also have a bullish divergence forming on the RS on the 2H time frame.
AFRM 2H I Watching AFRM for a break above ATH. Even though we have a bearish divergence on the RSI, our ALGO picked up bullish activity on AFRM for 11/05.
UBER 2H I Down 10% from recent highs, we now have UBER trading within a bull flag. Watching for a bounce near $42 or a breakout from the bull flag pattern.
DIDI: THE UBER OF CHINA ON SALE?DIDI , considered as the UBER of China , has lost 60% since its IPO day.
Chinese stocks have been beaten down badly.
Is this the opportunity of a lifetime to buy them cheap? I don't know.
Tell me what you think.
Looking at the chart, I see a triple bottom and a potential bounce play for all Chinese stock.
I believe that Uber is a Didi shareholder.
For these reasons I'm investing in the company for the long term .
Great buy here if you can handle the regulation risk.
Uber short term bullish. UBERIndeed. Have a look.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
Uber on his way to change the trend in daily to became bullishUber has a good configuration to change the bearish trend, but we need to wait next week to see :
Prices : As we can see the first tentative to cross the cloud by the price was failed, and now we wait for the second one: resistance at 45.60.
The chinkou is bullish but we need to wait until he cross the cloud (it s possible because the cloud is titled)
Tenken has crossed the kijun (which is a good signal) , the confirmation can happened when he break the resistance at 45.6
The last candle is a good reversal signal