U1BE34 trade ideas
UBERKinda feels like a false move. Would love a low risk short entry on a bounce up above the 20 (wishful thinking). Trend line is the stop. Chart reminds me of NKLA in a way.
Uber Trading RangeUsing Standard Deviation rules and a Fibonnaci Retracement channel we can track the range bound movement of Uber and help determine the next probably trading range. Testing near the highs of the range showed some resistance as we closed yesterday with a strong bearish candle. showing inability to regain strength could signal a potential reversal of price back towards the range that we can track from june through august.
UBER RetestUBER has fallen back to support after making a good run up into its previous high. I suspect this support will act as a bounce area as a retest, before it reverses direction back to the old high. If this breaks support back to the 50 moving average this play will be void and exited.
UBER LongContraction leads to expansion. Double Box move. Bought on a pullback to the BB1. Looking for price to close above the 38/39 Level and then expansion to 42.
Uber 9/21 Bullish 9/21 AMUber 9/21 Bullish 9/21 AM due to missed downtrend recently causing sooner AOC.
Uber: Correction still in ProgressNYSE:UBER seems to be in the C leg of the ABC Zigzag wave (Circled).
We might see a 5%+ drop this week.
UBER Stock Analysis Prices are moving inside a channel. The idea is to hold.
Option 1 only if the support level or 34.5 will not be broken, otherwise Option 2 might be the most likely to happen.
A very risky option is to go short for a short term investment before going long for a long term investment.
Uber Started to Lose Momentum ( 1H Chart )Following up with Uber stock movement, it's clear that we are near/at the end of fifth wave ( Greened ) and I expect a correction to the 35-36 zone before going higher.
That is confirmed by the strong bearish divergence signal as you can see in the chart b/w the price and the RSI indicator.
UBER SnapbackUBER is on its 5th straight day green. It has become overbought on stochastics and is pushing the upper limit on the bollinger band. It has just hit some resistance at $38.5 while being overbought, which i believe will create a selloff with a pullback back to the 35.5 range.
THE UBER STOCKmore potential the UBER stock going up next days, so if the price crosse 40.68 we can see the price between 43.00 and 47.40
UBER: Enters target zone - with possible upsidetoday or tomorrow we possibly hit target with UBER reaching $38 - one of the good times when projection works well .. see post from 2-3 weeks ago. there's great learning here, that even with the negative pressure across the market last week, the momentum in UBER still managed to survive.
we'll hold, since we see a strong momentum that shows possible upside to cross the $40 and long term strength in the stock
share your views if you have been riding this wave with me ;) and best of luck
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How do i read this chart setup
we look at the price action (top chart) and recent key S/R price levels, plus the insights from 3 key elements: momentum, sentiment and buy/sell pressure
- the calculated short-term price momentum is shown by the UTO blue/amber line
- the long term sentiment is represented by the UTO Green/Red area graph - the demand/supply pressure is expressed by the v.viewer green/red area graph - let's call these "the context"
How do i trade this chart setup
- the Basic rule: nothing can predict what happens tomorrow - but if no external catalysts interfere, it's *highly probable* that a price move with strong momentum that's in alignment with the broader context (sentiment and buy/sell pressure) would continue in the same direction (e.g., a breakout).
$TSLA trying to break out after ~3mo consolidationAfter touching the long-term downtrend resistance in early June and consolidating for 3 months in fairly tight range, it got onto the resistance line again on Friday.
This completed year-long inverted H&S pattern (visible on the weekly chart).
Climbing and staying above $37 or falling bellow $29 should bring major move. Let's see what's next.
Uber Potential Breakout, Target $52After a March all-time low (ATL) under $20 a share, UBER took a strong bounce back to the $30 range and looks to be in a consolidation pattern.
Special note: There is still much room to the downside that may need to be cleared out. However, the scale and diversity of Uber's product line and growth strategy do have potential. Should UBER post a profitable quarter, this would take off.
Strategy for a price move down:
Suggestion to set buy ladders at the support lines and Fibonacci retracement. Weight buy orders more heavily to the lower ranges .5 and .786, etc.
Strategy for a price move up:
Resistance exists around the $38-40 mark. If we see a breakout to these levels with strong volume candles, we would call this confirmation, take a big order, set our stop loss at $35, and take small profits at $50-55 while remaining in the stock. Use this strategy to further reduce your average cost.
Elliot wave theory suggests that if we breakout we would be in a wave 3 of 5, which tends to be the longest breakout. Given the potential momentum for a name like UBER we would likely hold in that future scenario.
Should either of the above 2 scenarios materialize, we can confirm our strategies and regroup to map out the next potential move up. It
I presently give UBER a HOLD rating, with a lean to BUY if only to hold a small position to take advantage of either move.
NOTE: ALWAYS TAKE A STOP LOSS IF YOU ARE TRADING A SHORT TIME RANGE WITH LIMITED FUNDS.
Disclaimer: I am not a professional and am self-taught. My charts are made for my own education to improve my trading strategies over time. I am always open to feedback or being pointed in the direction of resources to up my game. Thank you!
