Finishing the First Impulsive Wave @ $36.74NYSE:UBER is on its way to end the first wave ( circled ) of the bigger third wave ( greened ).
I put tight stop loss here just in case something wrong happens.
Target: 36.74
Stop Loss: 34.90
U1BE34 trade ideas
UBER fightUber is making great upwards progress in spite of the downward pressure from the broader market and bears. It will likely retreat to the golden zone in the following days, but ultimately we are in an uptrend. I think it will fail to break the high (38.78) off the March lows.
E: It could touch 32
T: 36.14
T2: 37.54
S: 31 +/-1
UBER Bullish Engulfing + Wave CountA nice little breakout of the bullish engulfing pattern and through the EMAs. Wave 3 target at 40.05.
Here is a Buy Setup in Uber $UBERUber forming a nice wedge on the weekly.
I'll look to buy on a breakout to the upside.
Update: Uber still has the potential to go higherWe continue to follow the movement of NYSE:UBER stock. I predict that it's heading to the $41.40 area to complete the minor third wave of the bigger third wave. I just redesigned the count colors and degrees.
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
