Uberlong
😭 Sorry Guys... Kind Of Late On (UBER)💰 LET'S GET INTO SOME UBER ANALYSIS!💰
1️⃣ First off SMASH that LIKE BUTTON & Give us a FOLLOW for DAILY ANALYSIS! ❤❤❤
(Overall Market Sentiment) 🐻 Bearish
- Man I wish I would of had checked this one on the daily chart about a week ago. Beautiful crossover Crossover ema dots played out. No worries, let's catch the new wave!
- We are getting a red Crossover with an engulfing candle, this would good be a good short but we need to consider how close we are to support. I would rather look for the breakout on the 31.50 support to go short for most likely a 10-13% play to the next low.
- We so have one previous touch at 31.50 and rebounded but not by much! Let's see how it holds up. If it did hold and compressing with a green Crossover we will go long based off of the fact we did have that recent support.
- All 3 ema dots are firing red.
Drop your chart below in the comments section and share with us what you think will happen next! ❤❤❤
Thanks for checking out our analysis! ✌😁✌
🥇MLT | MAJOR LEAGUE TRADER
#NYSE #UBER The Bright Future Long Position Before my explanations and forecasts, why do I call Uber shares as a "Bright Future" on NYSE, let us remember some data about them!
Well!
Uber went public on May 10 with an $82.4 billion valuation, and it happened only the last year (2019), do you remember this?
Their start wasn't so impressive...
"Uber raised $8.1 billion in its offering at an IPO price of $45 a share. At a recent stock price of $41.57, the company had a market capitalization of almost $70 billion, based on the 1.677 million shares it had outstanding after completion of the offering."
If you check their just two years graph, you will see their vast loss!
BUT!!!
Here we are in 2020!
Uber is one of the promising company, because of the virus! They are recovering very fast and from the lowest price of their history (March 20 stock price 21.33 USD). Their share price is 36.59 USD, and it has powerful potential to close this massive gap at the 40.72 USD and to continue an excellent long position.
Interest regard of the company is increasing very fast, and it's a perfect chance to buy some shares and to keep them for a long term position.
I used several precise trading instruments, where you can see Fibonacci retracement and their percentage positions. As you recognize, it has already passed 35% of uptrend and will be closer to 50% and more soon.
Overall, most of the technology companies have perfect perspectives, and one of them is UBER, a very fresh and right choice for trading.
Don't hesitate to like and leave your comments below! Thanks
Uber Stocks against the Odds keeps going Up but "Stay aside"Against the Odds and Fundamental Uber seems to go up. Volume does not support the breakout so option B could be still Open
Possible options are:
Long Term Analysis
4h Chart there is Continuation Pattern and Bullish Pattern: Ascending Triangle - Target price 36.00
Volume at the breakout were supposed/expected to be much higher.
Short Term Analysis
30 Minutes Chart Rectangle Bullish Pattern. Two possible options: Option c - Bullish up to level 31.5, Option B- Bearish up to level 27.00
UBER Falling Broadening WedgeSupport/resistance lines
1. $41.95
2. $33.96
Trend lines
1. The first main trend line begin with the IPO lunch and forms the support line for the falling wedge.
2.The second main trend line begin with the initial structure high at $47.16 and forms the resistance line for the falling wedge.
Falling Broadening Wedge
We can see the Falling Broadening Wedge forming slow with the Highest point at $47.17 and the lowest point at around $15. The resistance trend line has been touched 2 times and the support trend line has been touched 3 (4) times since the form.
In the falling broadening wedges the most usual scenario is the the price consolidation when falling in that two trend lines and in some point the price to break the resistance trend line and form a breakout.
RSI
1. 5-Period Rsi
In that period i used it to define the main swings/waves of the charts.Based on oversold-overbought areas.
2. 14-Period Rsi
In that period i used to define possible divergences.
Scenario
$UBER ascending trianglePrice is clearly following the blue trend line and is nicely going back to retest resistance at $41.5 forming and ascending triangle. That happened few times before and each time price shoot up after breaking resistance. Target is above 43$ short term before a pull back to the 50 MA.
UBER nearing end of 6 month rounding bottom patternHi all, I am new to trading and technical analysis. Just my thought- We may see a breakthrough to new highs if price action can exceed $43.49. The price action suggests bullish movement out of the 6 month rounding bottom. UBER did not have a great start but may be in position for a comeback!
$UBER A Buy On Kalanick Running Out Of Shares To SellThe biggest overhang, besides bearish shorts, has been former CEO Travis Kalanick exiting his holdings since lockup expiration. Kalanick has sold about $2.1 billion worth of stock. He now has roughly just $600m worth of stock to sell.
While some view the former CEO selling as bearish, we disagree because he was pushed out. Kalanick hit the lotto and is cashing his chips in, just like $WE former CEO Adam Neumann. They are both narcissists and it's best Kalanick is gone.
While Kalanick has been selling, CEO Dara Khosrowshahi has been buying. This is bullish. He now owns 1.5 million shares and is betting on the stock having bottomed.
Company Profile
Uber Technologies, Inc. develops and supports proprietary technology applications that enable independent providers of ridesharing, and meal preparation and delivery services to transact with end-users worldwide. The company operates in two segments, Core Platform and Other Bets. Its driver partners provide ridesharing services through a range of vehicles, such as cars, auto rickshaws, motorbikes, minibuses, or taxis, as well as based on the number of riders under the UberBLACK, UberX, UberPOOL, Express POOL, and Uber Bus names; and restaurant and delivery partners provide meal preparation and delivery services under the Uber Eats name. The company also offers Uber Central, a tool that enables companies to request, manage, and pay for rides for their employees, customers, or partners; and Uber Health, which allows healthcare professionals to arrange rides for patients going to and from the care destinations. In addition, it provides freight transportation services to shippers in the freight industry under the Uber Freight name; leases vehicles to third-parties that use the vehicles to provide ridesharing or eats services through the platforms; and provides access to rides through personal mobility products, including dockless e-bikes and e-scooters under the JUMP name. The company was formerly known as Ubercab, Inc. and changed its name to Uber Technologies, Inc. in February 2011. Uber Technologies, Inc. was founded in 2009 and is headquartered in San Francisco, California.
As always, use protective stops and trade with caution.
Good luck to all!
$UBER Next Target Is $42Our subscribers are now up 25% since we recommended $UBER last month at $30. As we said, Kalanick's stock sales were a major drag on the stock and that once he was done selling, $UBER would climb. We were right on the money. Our next target is $42.
In $UBER news:
Guggenheim analyst Jake Fuller sees Uber's revenue and EBITDA outlook as favorable heading into the Q4 report on February 6.
The analyst cites the relatively stable trends in the U.S. and international markets.
Fuller thinks the shift away from low take-rate markets like India could lead to take-rates of 21% and strong EBITDA in the quarter.
Guggenheim maintains a Buy rating and $40 price target. Uber has a Bullish average Sell Side rating.
As always, trade with caution and use protective stops.
Good luck to all!