UBERD trade ideas
Uber updateStill in this play.
Originally in at first break out and added more on the dip at 56.
Needs to break 58, so we can see 60+.
First pt is 60, then 62, 64 respectively.
Long term this can be an 80$ dollar stock.
Uber is one of the companies that will greatly benefit from re-opening.
Earnings coming up soon.
DYOR.
Uber - might be headed higher soonUber seems to getting ready to end local consolidation and might appreciate in price soon. If the wave count is right the potential target could be around 80.
Fundamentally, it would be aligned with investors' current sentiment towards reopening after lock-downs.
UBER - 70 or 80 before another consolidation ?Price is breaking out of this Triangle red wave 4 consolidation and we have an impulsive wave on the smaller time frame chart.
It looks to be finishing a fifth wave now therefore we can expect a pullback towards 55/56-ish before seeing it continue higher again.
The setup is of course invalidated if price drops below 51.80.
UBER - Up 90% Since Buy CallBeautiful Long position if you've followed our previous call on Uber back in August. We ended up buying more in October as well. Up around 95% at the moment on this trade and we've moved our stop loss up to around $52.00. Going to keep riding this one for now unless we see any reason to abandon ship.
Earnings coming up Wednesday, May 5, 2021: A live webcast of the conference call and earnings release materials can be found on Uber’s Investor Relations website at investor.uber.com. Uber saw record demand for its ride-hailing services in March and hit another record for its delivery services as well.
Feel free to give us a follow and shoot us a like for more analysis updates.
Cheers!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on here, expressed or implied herein, are committed at your own risk, financial or otherwise.
Feel free to give us a follow and shoot us a like for more analysis updates.
$UBER Performing in a Sym. Triangle - Breakout soonOn the Daily, UBER is performing a textbook symmetrical triangle and is ready for another breakout soon. Weekly levels in purple color gives us the range for starting up a trade position. MACD is giving is bullish divergences too. Measured move is included as I have placed 2 price targets. One for a little long action in between the triangle and another one soon as the price breaks out of the triangle and uses it again as a backtest on the spring/ weekly level again. important: Watch for confirmation!
Performance Rank based on Bulkowski during in a bull market: 16 out of 23
Break even failure rate: 9%
Average rise: 31%
Change after trends end: -31%
Volume trend: Downward
Throwbacks: 37%
Percentage meeting price target: 66%
Thank you!
Symmetrical TriangleUber broke up from the triangle but experienced a throwback and is now back inside.
Any triangle can break up or down and is a neutral pattern until a trend in the direction of the break out is established.
Throwbacks hurt performance. A throwback is not a pull back. Pull backs are healthy and every security is expected to pull back and some point. Throwbacks can be temprary and defined as price breaking out past long entry level, or out of the pattern, then returning.
No recommendation.
I counted the first touch on the top trendline becuase price enter this consolidation pattern from below in the overall trend, but iffy on the short term trend. This one really could have the 1st touch placed on the bottom, your call. Often the 5th move within a triangle is the charm, but not always. Price can spend quite a while inside before the direction is determined.
There is also a gap under price.
UBER - LONG - TARGET 63.71UBER - LONG
- Broke Triangle
- 4 day balance zone, im going to quote these long drug balance zones/triangles as a "trickle charge," especially if this plays out how I think it will. Buyers and sellers fighting in this zone, slowly charge up a strong movement to the down or upside to ultimate victory for one side (short sellers or long sellers). This is the current state of UBER and it looks to me as if the bulls have won and we should see one swift move to upside.
- Confluence between resistance and longer term trend line makes for a good profit target with really no solid resistance in-between.
- Good entry will be the break above the last 30m candle(60.85), setting the stop loss at the upper channel of the triangle.
UBER Breakout ideaPrice action currently forming a ascending triangle setup on the 1 hour chart. It seems to be a good setup for breakout play.
1. Price currently around the POC (60.69) with key resistance at 60.97 and a big chance of a pop up once these levels break.
2. 35/50 EMA seems to be holding fine with support at 58.96
3. Nice big volume on the last green candle.
Play Ideas:
1. Price breaks 60.67 resistance and keeps going, breaking 64.00 resistance (ATH) then, pulling back to bounce for more bullish direction.
2. Price breaks 60.67 resistance and keeps going, gets rejected at 64.00 resistance
Target1: 64.00 zone if we get a rejection candle.
Target2: 66.40 zone if we get a continuation.
looks great UBER pennant looking for $74 before earnings i think it could workout very well UBER lots of good news a very strong name rn i like it a lot
MACD and RSI also dont look over extended
Somebody call me an UBER pleaseWait, I have the app. I can do that myself.
-----------------
My trade ideas are just that, ideas...and 100% free. DO YOUR OWN DD!
My trade ideas are not an endorsement of any company or product. I will sometimes incorporate news or other info that may be a catalyst for expected price action, but it is only a catalyst. I consider all of my trade ideas to be short term swings. They are ideas that are days or weeks in length and not day trades. I have decided to not provide entries, stops or targets. If you don’t know how to manage your own risk with correct position sizing and stops/targets then you should not be trading live in my opinion.
All of my ideas first focus on price action resulting in predictable patterns and their conclusions. I incorporate Harmonics and Elliott Wave to complement and add strength to these ideas. Depending on the timeframe it is difficult to display some of them. Ultimately, price action and volume rule. The market and individual stocks do not care about my or your opinion on how “cheap” or “expensive” shares or contracts are.
Green Harmonics are bullish, red are bearish. But look at where price is relative to the pattern for expectations of next moves. I often catch Harmonics before completion, so a bearish pattern may still be a bullish move until it completes. Elliot Wave bull/bear counts will be green/red accordingly. After a wave count there are a number of possible next moves.
Lastly, these are all trades that I would and do take.
I hope to provide some value to your trading education, nothing more. Good luck to all.
Dipping near $58 Wednesday Based on candlestick analysis, MACD, D+, Guth 3x confirm, and RSI. All signs show clear downward potential.
UBER - LONGUBER:
Flagging
Look for a break above 61 resistance
Entered debit spread. Bought 60 call. Sold 64 call.
Stop out at lower channel of triangle
Things to look for I am bearish for UBER on the short term based on technical analysis and I have pointed everything out I look for. I will explain each aspect from Upper Left to Bottom right in order. Everything is also color coded.
Sell signals: Red sell signals are given by Guth 3x confirm and D+ both of these scripts use formulas based on market to provide accurate sell signals.
MACD: The king of showing divergence is the MACD. As you can see, the green bars are shrinking and fading while a new red bar is starting to form. This shows that buying strength ( green ) is weakening, and selling strength ( red ) is strengthening.
Candle stick analysis: If you look at the last two 30 min candles, you can see there are two long whicks at the top instead of a solid bar, this means the price made it that high but did not close there due to price being too high, which could be a sign of resistance.
Kurotoga Cloud: Finally the teal shaded cloud beneath the candles is the support level for UBER for the 30 min chart. Support is where the price can bounce off of or fall below if selling power is strong enough. The amount of space between the cloud and the candles show me there is room for price to fall.
Like the analysis? Comment your favorite stock below and I'll add it to my watchlist and you can see it featured here if you are following. So make sure to follow, and like the analysis if this is the type of technical analysis you are comfortable with.
