UBER trade ideas
UBER to 40UBER closed today at 33.15. Opened at 34.16. My price target of 34 was hit. Those of you who were in the call I hope you were able to make some tendies. Looking for a high open and maybe flat or light sell at call. The pattern I outlined is an inverse head and shoulders from what I can see. The face of the gods as my buddy calls it. With that I say bullish. Will most likely capitalize on the cheaper call prices as most of us did today. Will alert. Hope you get in.
Uber 4hr outlookPT $34.80. We're making our way up to that trendline. it's a very key region. could also be a nice short if we reject the trendline.
Uber change in charactor the stock jumped %6 on 6/6/2020, and it is holding up nicely the next day, up %2.
there are also news about Uber acquiring Postmate, Uber lunching grocery delevery.
Previous down trend now change in character, up with volume.
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Uber : Can't take you on bullish ride.Uber + Postmates + current Market's momentum = ?
There is better opportunities in market than Uber. Solid resistance at blue marked area.
There is no major improvements in operation costs. I''ll wait.
UBER 34$Uber just signed a deal with postmates. They bought the company. UBER was rallying previously due to them trying to come to a deal with GRUBHUB but following them not being unable to agree, the stock went a little sour. Now it has finally come to fruition. The company (UBER) has been doing fantastic with their Ubereats app during covid. Adding the postmates fleet to their huge squad brings a hope for an increase in revenue.
Quote from Article
"Together, Postmates and Uber Eats would have a 37 percent share of food delivery sales in the United States, according to Edison Trends, which tracks credit card spending. DoorDash would remain the largest player with 45 percent, while GrubHub would have 17 percent. "
Ubuer's first quarter was not the best but postmates is their knight in shining armor. Monday is when the announcement will commence.
this is not trading advice. I am learning and I apologize if it does not come true
please note that once you take profit I suggest you take it. Uber looks like it is creating an inverse head and shoulders. I will follow up throughout the weak to see how the FIB does.
thanks
gl
UBER outlookPrice reached and rejected 61.8%. Now at a decisive moment. If price gets back up and breaks the resistance zone, we should see the next wave up.
Alternatively if the price breaks the 61.8% level, then potential to short to next support zone.
Please support the idea and share your thoughts on UBER!
Good Luck and Stay Healthy!
$Uber #Uber Had Golden Cross on Daily chartLooks like Uber is close to finishing a correction while the golden cross happened 10 days ago. This could be the final shakeout before the next move higher. This is not financial advice. Do not punt any more than the value of a kidney at this play, this is not a liver slice setup.
Uber - Waiting for another entry pointChecking back in with Uber this week since our last analysis. Check them out for more in depth TA & FA on those.
Quick & easy for this one:
We've had a couple of scalp plays in Uber for some nice profits. Uber has currently broekn down through support in the 4hr and the daily 200MA. We're looking now for another an entry around $27 region if we find support. If we dip below this one we will probably ladder buy all the way down to the next Fib Retracement level at $22.
Uber eats increased during the virus outbreak and Uber rides are increasing as states have opened up (even though virus cases has increased). Stock is still below IPO value. This one is a long term play to hold.
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Cheers!
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😭 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
Uber Short- Long technical analysisNYSE:UBER
Pullback occurred next week gap will be filled and I marked the PT.
Stay Tuned
UBERWhere is everyone going ?
I thought the masses are unemployed
plus bars and clubs still closed ?
SHORT!
IMPORTANT INFO ABOUT UBER STOCKHIGH PROBABILITY THAT THE MARKET WILL FALL. ONCE THE PRICE BREAKS THE RED LINE YOU CAN SELL AND DOUBLE YOUR POSITION WHEN IT BREAKS 30.90.
Uber meeting resistancestop set above red line....Gotta worry about brrrrrrr. Good luck and remember to make your own trades as this is only advice.
UBER trade planPrice broke the channel and retested it. Now price at converging 50 and 200 SMA. Small support at 61.8 at 31.24.
Waiting for the break lower to sell more. Potential target at 28 and further fib levels.
Please support the idea and share your thoughts on UBER!
Good Luck and Stay Healthy!
