UBER trade ideas
UBER 26.08.20 LongAsset and Time frame -UBER,1H, Premarket
Entry Price -31.18
Exit(Stop Loss) -30.37
Exit(Take Profit) -34.22
Technical Analysis -Price reached support and reacted with a good engulfing candle and good volume, market seems to move in sideways atm.
What can be improved -
Conclusion & End of Trade -
UBER - Weekly CoilUber is building a weekly coil with overhead resistance around 36.5, unless it decides to breakout. I will be taking profits on calls at 36, purchased at 33.8. (Leaving a runner) Good RSI positive trend as well. Good luck trading!!
UBER watch for buy setupsHi traders:
Looking at UBER for some buy potential.
Currently price is sitting within this larger structure on the higher time frame.
We had a double bottom , price bullish impulse up.
If we get a small continuation correction to form, we can expect price to get push up to the top of the structure.
Then we can re-evaluate to see if price has enough momentum to break out, then look for more correction to buy.
Thank you
UBER- The StratHere is another one I'm currently in. Going to try to hang on a little longer than I have been
$UBER Weekly Inverse H&S$UBER looking interesting starting to show strength can it confirm the inverse head & shoulders on the weekly?
Bullish Wolfe Wave Heading to its Target Near $40 ZoneAfter finishing the 5 waves NYSE:UBER has formed a bullish Wolfe Waves and I think it's now in the sixth wave - on its way to the target - which is in the $40 area.
UBER: update on long positionQuick update on where we are with UBER
- we still hold the long position through the drop that happened earlier in August on the tail of the negative news regarding legal issues - which interrupted a possible breakout
- UBER is attempting another breakout with renewed demand and bullish sentiment according to the V.Viewer and the UTO -- the UTO is also showing a positive momentum to the upside
- UBER today entered the make-or-break zone - the next few days will determine if the current breakout attempt will succeed - if it does, we can look potentially at hitting the $37 to $39 range
- the breakout needs to be confirmed by a "hook" - a bounce up off that resistance zone on the chart
- the weekly (not shown here) is in line, showing an end of a bearish cycle and a possible start of a new bullish wave up
keeping the long position open for now.
UBER in a channelUBER keeps hitting the top and bottom of the channel. Bouncing of support and dropping after being in the resistance.
Bullish Engulfing CandleAfter closing today @ $31.41 NYSE:UBER formed a bullish engulfing candle which swallowed the 5 previous candles. This candle formed after downtrend.
Target 1: 32.38
Target 2: 34.28
STOP LOSS: 27.60
Uber- The StratHere is a trade I just exited. Ended up on my watchlist because yesterday's 1.
I'm starting to get a little cocky, impatient and jumped on it early. Had a 20% drawdown but time continuity kept me in the trade. Also, like yesterday, I took profits too early
UBER: LONGGo long UBER
entry: 31.04
stop: 28.4
TP: 39
risk-reward = 3
Reason: bullish key reversal candle in the support zone
UBERI WOULD GO LONG OVER 32.
SWING TRADE IDEA: 34C 9/4
**$UBER UPGRADED TO OUTPERFORM FROM NEUTRAL AT DAIWA
$UBER, $LYFT WIN REPRIEVE IN CALIFORNIA DRIVER PAY DISPUTE - CNBC CITING REPORT
Will Uber Ends its Correction and Begin a Reversal?NYSE:UBER seems to be in the last leg E of the expanding triangle ABCDE of the bigger wave (Y) . I expect a bounce from the level 29.25 and we will see if it is the beginning of the impulse wave (3) in the bigger frame or it will continue its correction.
