Uberlong
$UBER LongRespecting support
Reversal candle
Clear bullish divergence on 1Hr chart (not visible on 1D)
Nice upside
Great company, many services
"CORONAVIRUS - PayPal Joins Uber’s Effort To Provide Transportation To US Vaccination Sites" 2/26/21
I am holding calls w/ $55 strike and 3/19/21 expiry. Gives UBER plenty of time to see $55 or >$60.
This is not advice, only my ideas. Do your own DD.
UBER unusual options activity for $70 1/2022 - bullish long termUBER on 4H: Will UBER hit $70 before 2022?
RECENT NEWS
UBER tumbled last Friday after Britain’s top court said its drivers should be treated as “workers” rather than contractors.
TECHNICAL OBSERVATIONS
UBER has been trading within an upward channel. We are sitting at support, watch to see if we can move up here. One concern is if we pullback further, there is a gap below $55 which we may attempt to fill.
OPTIONS ACTIVITY
This week there were $40.50 Million worth of Uber calls bought. One that jumps out to me was a LEAP options $70 strike price expiring 1/21/22 because there were $37.3 Million worth of those purchased last Wednesday.
SUPPORT & RESISTANCE
Support: $58 | $55 | $53
Resistance: $60 | $63.40
UBER - Rising WedgeThis usually occurs when a security’s price has been rising over time
The trend lines drawn above and below the price chart pattern can converge to help a trader or analyst anticipate a breakout reversal. While price can be out of either trend line, wedge patterns have a tendency to break in the opposite direction from the trend lines.
Therefore, rising wedge patterns indicate the more likely potential of falling prices after a breakout of the lower trend line. Traders can make bearish trades after the breakout by selling the security short or using derivatives such as futures or options, depending on the security being charted. These trades would seek to profit on the potential that prices will fall.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Uber: Coffee! Watch out for continuation.It's been exactly 1 year -to the day- since I published the last analysis, so here is to the anniversary .
UBER saw a huge breakout after Weekly Lower Highs :
After the breakout, on the smaller timeframe now, we're building a nice C&H pattern with potential for bull continuation.
Fundamentals: Think about which companies got disproportionately punished by Covid, which under normal circumstances is a standard on your home screen?
=> As Chamath Palihapitiya put it nicely just recently: If you're not ready to invest in the companies on your home screen, then what else?
Uber (UBER): BUY at $40 - Elliot WaveUber (UBER) seems like is currently correcting at the 4th wave of its 5 wave structure, it's likely to correct to the 0.382 retracement level of its 3rd wave to $40 ish before UBER shoot up to its 5th wave target, also, we do have the previous pivot high at $40 as the support which was all the way from June. Thus, look for a correction to $40 ish and add for $55 ish target price, thanks.
UBER Trade Update (3rd part scale in )Our UBER Leaps has gone ITM we are updating the current breakout pattern. To the minor time frame, a minor corrective wave (ii) into 41-43 level before UBER sets up for another run completing an impulsive 5 waves higher into 2021. Will be looking to establish more longs if UBER drops into 41 with some Leaps.
Uber: Bullish Pocket PivotBullish signal based on today’s closing price and volume.
Closing price was trending lower until today
Price closed higher than yesterday
Volume higher than previous 10 days
Price broke above 10 dma (cyan)
Price broke above 20 dma (blue)
Price bounced at about 50 dma (dark blue)
Uber Among UsMight be difficult for Uber fans to find this chart because I had to overlay Uber on a cryptocurrency chart to have the time scale include all days of the week.
Target price ranges between $63 and $90, but $66 is highly probably based on wedge, EW, and Fib as shown in chart.
Displayed in the chart is as follows:
Wyckoff accumulation contained by a wedge having a pink top trend line and blue bottom trend line. Each of three touches to both trend lines is indicated by a pink or blue vertical line as appropriate. The green vertical line indicates when price high confirmed breakout above the wedge. Note: price close and low has yet to confirm breakout. Therefore, one could argue that Uber remains in accumulation.
Elliott Wave leading diagonal wave 1 - bound by the orange channel, wave 2 - bound by the purple triangle, and part of a wave 3 that will likely be extended. So far, a lesser degree wave 1 and 2 have ended as well as a further lesser degree wave 1 and 2, indicated by the gold vertical line.
Fibonacci levels based on price at beginning and end of wave 1 (13.71 and 38.78)
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Uber: Trick or TreatDon’t fall for Uber’s trick, instead play nice and wait for it’s Treat. Yesterday, Uber didn’t gain like most of the market did. Instead, Uber faked a close under 20 DMA but bounced upwards right at close. That bounce coincides with a long term trend line that had been acting as resistance but now appears to act as support.
The pink vertical lines indicate bounces off the trend line by a high, low, open, or close price. If the trend line is valid support, then price could rally, slowly or quickly, to an ideal technical target price of $66. However, a more practical target price is closer to $54.
Like, follow, and let’s see what happens.