UBER trade ideas
$UBER - curledThe stock has curled and sentiment is at the right spot. Short volume is decreasing and other TA indicators are poised in a positive manner.
Riding this to a target of $65 is my game plan
UBER Rebound Wave w/Head n/ShouldersUBER is forming a correction wave pattern which may come down to support around the 48.5 level. This chart and price action is also developing a head n shoulders pattern. The 48 level will be the neckline for a further breakdown.
UBERthe pull back to $48 never happened I did load up on more uber at $52 and I just love this giant inverted head & shoulders. I think UBER does v very well heading towards the end of 2021
UBER reopeningAnother one I forgot to mention last night. Saw an inv H&S form on the 1HR. Daytrade as reopening plays have been on fire the past week or so. LYFT positive outlook numbers gave UBER a nice sympathy play. Chart invalidated below 54.
$UBER: Bull flag breakout: Potential target $63Open the economy stocks have started moving and this name has shown good relative strength today.
Watch out for the move back up to the previous ATH.
Potential Target: $63
Stop-loss: LOD(2/26/2021)
UBer Callls :)Uber broke down out of the channel and looking like it wants to break back in so your boy placed calls @march/12th$52.00 strike
why??
reopening play?? stocks not that expensive so it could appeal to more people and by that i mean a younger generation who has just started trading. so maybe they will funnel some of that new money into the company.
obvy thats not the only reason im buying but it a good short term swing trade. as a lonng term this would be a good buying point where you can scale your position into the company
LOVE YALL :) best of luck
UBER SupportUBER is hitting support and just bounced up. I see a steady uptrend coming. Target: 60++
Uber Pulls Back. Is it the Next Facebook?Uber Technologies quietly hit a new all-time high on February 11. Now it's pulled back and may be offering some opportunities for the bulls to hail a ride.
First, notice the trend line starting at the low of November 4, as stocks began their election-week rally. UBER jumped two sessions later after announcing results. It continued higher until late January, when it pulled back along with the rest of the market. That low created a trend line, to which prices are now returning.
Next, stochastics have dipped into oversold territory.
Finally, the last four months of consolidation and price action have occurred above the previous highs from 2019 and 2020. In this way, UBER resembles Facebook in 2012 and 2013.
The comparison might be apt because both companies went public with key weaknesses. In case you forgot, FB struggled with mobile ads for several quarters. Mark Zuckerberg fixed that problem mid-2013, resulting in a breakout above its initial price range.
Like FB, UBER spent its 12-18 months in a penalty box as investors balked at its convoluted business model. But CEO Dara Khosrowshahi has divested non-core business and mapped a route to consistent profits last quarter.
Overall, UBER has been through a lot: management turmoil, profitability issues and coronavirus. Now things may finally be coming together for the transportation disruptor to really go places.
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$UBER LongRespecting support
Reversal candle
Clear bullish divergence on 1Hr chart (not visible on 1D)
Nice upside
Great company, many services
"CORONAVIRUS - PayPal Joins Uber’s Effort To Provide Transportation To US Vaccination Sites" 2/26/21
I am holding calls w/ $55 strike and 3/19/21 expiry. Gives UBER plenty of time to see $55 or >$60.
This is not advice, only my ideas. Do your own DD.
Uber Bounce Incoming!Uber looking to continue on the trend, will cut at a break below 50.
Price Target: 65-70
Have UBER on your portfolio of 2021Potential gain:80%
Reward/Risk:5.5
Timeframe: 6-9 months
* we may experience a pullback..!
I always try to present the charts in a simple comprehensive format to prevent any confusion.
This is just my technical view, neither a fundamental comment,nor a recommendation to trade..!
Please review my track record and calculate the odds for yourself..!
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Uber vs LYFT? WHICH ONE OFFERS THE BEST RIDE?I used both before, but for the next ride in the stock market, I would like to call Lyft.
UBER unusual options activity for $70 1/2022 - bullish long termUBER on 4H: Will UBER hit $70 before 2022?
RECENT NEWS
UBER tumbled last Friday after Britain’s top court said its drivers should be treated as “workers” rather than contractors.
TECHNICAL OBSERVATIONS
UBER has been trading within an upward channel. We are sitting at support, watch to see if we can move up here. One concern is if we pullback further, there is a gap below $55 which we may attempt to fill.
OPTIONS ACTIVITY
This week there were $40.50 Million worth of Uber calls bought. One that jumps out to me was a LEAP options $70 strike price expiring 1/21/22 because there were $37.3 Million worth of those purchased last Wednesday.
SUPPORT & RESISTANCE
Support: $58 | $55 | $53
Resistance: $60 | $63.40
UBER (potential breakout based on fundamentals)Technical :
- tested the $50 priceline 3 major times & completely rejected the last time it was down there.
- not much data on larger time frames, only recently went public
- price currently testing the $58 priceline, will most likely reject due to good fundamentals & future potential of the company.
(If rejected high possibility of a bull run to possible potential value of 200 billion market cap. Which is roughly $100 per share.)
Fundamentals :
- UBER has lots of upside potential from car rental to ride sharing, UBER eats, uber air, travel, & local delivery in general.
- UBER will most likely act as a proxy from consumer to mobility company in the future with an Amazon based business model focused on growth.
- UBERs functionality & fundamentals extremely solid, I dont see it failing. Extremely safe investment with huge upside.
(Personally I do believe it is a 10x company worth a trillion dollars. I also believe it will outgrow tesla)
$UBER 1D Uber has 39.1 Million in the flows. EW points towards the upside as well. im looking into contracts at the end of March or April. Calls above 63.96. Set your alerts son you dont miss out and wait for confirmation. GL
"UBER Long" Bullish will this see $67.70 $UBERlike how NYSE:UBER has created a nice base over the past few days, Now it needs to break that 61.31 at which point this can get some nice price action to the upside towards that 64.05. If this get above that I feel this can get interesting and push to new all time high after a breaks of 64.05 spot.... whelp only time will tell from here
