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Uberbull

Uber has bottomedCapitulation followed by massive volume at around $25.50. Double bottom circled in green. Gap to be filled around $41. Small gap to be filled circled in yellow. Yellow trend-line with confluent are at the gap fill. RSI has some room before it hits the yellow RSI trend-line reinforcing the idea of a gap fill n' go. Fundamentally speaking, news co-founder has been liquidating all his shares but price has not tanked on this news. Just like Facebook and alot of early tech stocks we saw a selloff after the IPO hype and rally after the haircut. Like Facebook, UBER is already ingrained in much of our lives and it is hard to believe it will be gone so soon. Tell me what you think.
NYSE:UBERLong
by ceesounds
2
Short-Term Uber Price PredictionWelcome to PrimeXBT’s technical analysis of the Uber, the ride-sharing company that recently launched the largest IPO of the year. News and Fundamental Analysis: This year was a year filled with many high-value IPOs buzzing around the investment industry. The company’s revenue is expected to grow by over 60%, helping it top the list of IPOs with a substantial investment of $8.1 billion . This month, the company released its annual safety report, outlining any incident data and explaining the steps taken to ensure the safety of drivers and passengers using the ride-share service. Technical Analysis: Uber stock price chart technical analysis suggests that the trend may soon be shifting for Uber, as the asset appears to have formed a falling wedge – which is typically a bullish reversal pattern. The top of the bullish chart pattern is being tested and is in the midst of potentially breaking out of the formation with a target zone around $32 per share. Further adding credence to the possible reversal, the Relative Strength Index on Uber charts reached as low as 26 in late November and has been on a steady rise since, even despite price making a short pullback before again trending higher. The price action combined with the indicator staying strong has formed a bullish divergence, which often indicates that a trend reversal is forming from bearish to bullish, and an uptrend could soon follow. However, until a breakout is confirmed, remember to be cautious and to use proper risk management tactics to prevent any losses from unexpected market movements. Support Zone: $25.58—28.25 Resistance Zone: $30.15 – 32.30 Market Cap: $48,530,000,000 USD Volume (24h): $21,036,137 USD Share your thoughts about this trade idea in the comments below, and remember to stay tuned to PrimeXBT for future technical analysis news, updates, and more.
NYSE:UBERLong
by PrimeXBT
2
Has UBER finally started to grow ?Hello, Traders! Monfex is at your service and today we overview UBER. Uber said that they will achieve profitability of EBITDA in 2021. After this we see fallin of its shares -9.8%. But it looks like speculative statement because of great demand near $26 . Bearish divergence by RSI has already played out. Now Uber has a triple bullish divergence, and the price is near the support line of this falling wedge. It's going to the resistance zone. Target ~ $31.5 Market Cap $46.074B Share your thoughts, ideas about the market under the chart. Watch for our Updates to be the first who gets well-timed signals ! GOOD LUCK AND LOTS OF PROFITS !! Disclaimer This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
NYSE:UBERLong
by Monfex
1