UBER trade ideas
UBERWe are in price discovery, dips are for buying. This stock could hit $200 plus in few months. LT super bullish here I buy and hold and dream.
$UBER: Pretty Bullishn a research note, JP Morgan analyst Douglas Anmuth has maintained his recommendation on the stock with a Buy rating. The target price has been lifted and is now set at USD 63 compared to USD 46 before.
Uber Daily chart looking bullish. My brother brought this one to my attention as they purchased an alcohol delivery company. Looked at the daily chart and it looks beautiful. MACD is opening up green, and RSI is heading up. Earnings coming up and this can move up on positive earnings.
Long UBER above 60.05Market cap: 105.86B
Shares Float: 1.32B
Short Float: 4%
Short term target $60.00-$65.00
Weekly performance +8.74%
Monthly performance +10.71%
Uber has recently gained headlines tackling prescription delivery in NYC with Nimble, and now the Drizzly take over deal for alcohol delivery.
UBER is less than a week out from earnings reports, and looks to be regaining control of the this monthly trend line after retracing to a historical iceline, at 47.12
On the 4HR chart, the RSI is a little topped out to have a real edge on a new position.
The MACD histogram seems to be losing some momentum, and we could need to see a little consolidation or perhaps even a retest of the prev weekly open at 54.50
To have a real edge on a new position i would want to see confirmation of support on the red trend line, and above our current weekly top of range of 58.09
If we do see some consolidation, i think that will give the next move the strength it needs to break out above 60.05
This will also give time for the 50MA to cross over the 200 which should send the price action to new levels on the upside if it continues to play out.
Id be a buyer above 60.05, and if we correct a little before advancing, id be a buyer again between our monthly open at 52.15 (approx 50% retrace) and the previous weekly open of 54.50
In the case of a heftier correction, I would be looking at the "heartline" trend to be an expected target
Given there is buyer exhaustion evident on shorter time frames, ill be looking for consolidation and proper support prior to engaging this one further.
This isnt investment advice and i do own a long position in UBER in my long term portfolio.
$UBER 1h ER run up reversal signalCurrently holding UBER 65C 3/19 ER is 2/10 Elliot wave up and inverse H&S. A Break above 52.86 is what im playing.
LONG $UBER long term $150 target,
Uber is very promising company with little competition
they could also expend in type transportation systems
SHORT UBER@DotcomJack inspired me to do some analysis today and although I have a lot to learn about TA, if the market crashes, Uber will be one of the first to go. Look at how it's near ATHs (almost touched $60), up over $50 from it's previous ~$40 high before the Corona Crash. In March is crashed BELOW $15
gets more interesting with the Gann, see how before every major dip it starts in the 3rd most dramatic drop off, then goes to 2nd, then levels off in the first. But now the dip is happening all in the first. Watch out, this could be an indicator of a broader market crash...
#BearishUBER
A possible pullback from #UBER A possible pullback from UBER
wait for a break out of the wedge...
Good luck
UBERUBER
1-2 week time frame
UBER is currently trading on an upward channel. Price action is at a pullback approaching bottom channel support. Price may still move lower al little bit touching 61.8% fib area. A good area to enter long.
MACD lines seems to be pointing down and stochastics is about to hit oversold levels, as we anticipate a little more downward movement.
Disclaimer
I am not a registered investment advisor and do not offer investment advice and recommendation. All my post is not a recommendation, advise nor a suggestion and should not be used as a replacement for investment advice from a qualified licensed professional. All my post is for, information and entrainment purposes only. You, the reader, bear full responsibility for your own investment and trade decisions and should seek the advice of a qualified securities professional before making any investment or trade.
$UBER Shorts?We could see bay tumble to $50 from its All time high of $60.03 before picking up orders at $49.78 around the time of earnings for a bull rally back to the A.T.H’s. will keep this updated in the comments.
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UBER Next TargetsHere are the next targets for UBER. Possible scenario: price will respect the neckline to bounce off as a confirmation and then will move forward upside level again. Critical resistance level are marked in orange color. Cheers!
UBER Retest/RemountUBER previously had broken out above the 55 level. After running up to 60, it has now pulled back to retest the previous breakout level. It has remounted over the 55 level and held support of its moving averages. Looks like this will head back to 60
