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UBER TECHNOLOGIES, INCUBER TECHNOLOGIES, INCUBER TECHNOLOGIES, INC

UBER TECHNOLOGIES, INC

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UBER trade ideas

#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
NYSE:UBERLong
by KiriaTrader
UBER Stock Analysis for Short Day TradersHere's a very simple analysis of one of the top 20 stocks on my technology list... UBER. This is the 1H chart that extends all the way back into March 23 when we reached a new 52W L from the previous one of $13.71. It has been a long battle against the bears with ups, downs and high price volatility due to the pandemic and uncertainty. The price have been consolidated since May 15 and the 1H chart shows a strong support between the price of $33.53-$33.75 and a strong resistance at $35. Today UBER broke the 50 EMA, breaking the trendline started from May 6. I expect tomorrow to break once again the 50 EMA to retest the price between $32.80-$32.95. This could be an amazing opportunity to buy and hold your position since UBER is still down an approximate of 33% from its 52W H. ***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*** -CHX-
NYSE:UBERShort
by carlosandrades