Uber Long TradeHey everyone
Uber made it to a double bottom which brings a pretty decent chance for a long trade setup.
Entrance: just now
Stop: 30,40$
Much fun with that Trade!
Leave a comment :)
UBER trade ideas
Ascending triangle forming on UBERAscending triangle forming on UBER 1d chart. This pattern has a flat or nearly flat upper edge and a rising lower support line. It is usually a bullish sign, tending to end in an upside break and the odds are slightly better than chance.
Uber- good long term play.Uber Technologies, Inc. develops and operates proprietary technology applications primarily in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. It connects consumers with independent providers of ride services for ridesharing services, as well as connect consumers with restaurants and food delivery service providers for meal preparation and delivery services. The company operates through five segments: Rides, Eats, Freight, Other Bets, and Advanced Technologies Group (ATG) and Other Technology Programs. The Rides segment offers products that connect consumers with rides drivers who provide rides in a range of vehicles, such as cars, auto rickshaws, motorbikes, minibuses, or taxis. It also provides Uber for Business, financial partnership services, and vehicle solutions offerings. The Eats segments offering enables consumers to search for and discover local restaurants, order a meal, and either pick-up at the restaurant or have the meal delivered. The Freight segment connects carriers with shippers on the company's platform and enable carriers upfront, transparent pricing, and the ability to book a shipment. The Other Bets segment provides access to rides through various modes, including dockless e-bikes and e-scooters; and other platform related services. The ATG and Other Technology Programs segment engages in the development and commercialization of autonomous vehicle and ridesharing technologies, as well as Uber Elevate. The company was formerly known as Ubercab, Inc. and changed its name to Uber Technologies, Inc. in February 2011. Uber Technologies, Inc. was founded in 2009 and is headquartered in San Francisco, California.
Uber's Diversifying Into a New Growth Market.1.Uber Technologies Inc. (UBER) announced that it has entered into a Google (GOOGL) master agreement under which the ride-hailing company will get access to Google Maps platform rides and deliveries services.
2.Uber's Diversifying Into a New Growth Market.
I am watching if this can be LONGI love looking at weekly charts for long term investment. If the trend breaks up, I'm in.
#trendismyboyfriend
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$UBER Inverse Head & Shoulders
Possible Inverse Head & Shoulders forming.
POC (REDLINE) key resistance.
Local resistance levels as per chart.
Opportunity to trade the internal pattern or
wait for a breakout above $34.50
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UBER Island GapUber has formed an island gap, where it gapped down, then gapped back up which is a bullish reversal signal. Looking for the target to be hit within a couple days up to the 34-35 level.
UBER chart analysisUBER did not have the best run since its market debut. Price was slowly declining after IPO and the current market cap is $56.91B. After hitting bottom in March, investors became interested in buying the cheap stock. Most investment funds and banks have price projections from $45 to $54 since then. UBER has also started to diversify its business, going for UBER EATs to compete with other delivery giants in the big pandemic market, where grocery shopping got heavily shifted to online ordering and delivery. Today company announced that it is in talks with investors regarding a stake in its Uber Freight division, according to Bloomberg that cited people with knowledge of the matter. Potential to raise $500 million in a funding round that would value the freight division around $4 billion after the deal, the report said. Nothing has been finalized yet, so the whole deal could change or be scrapped. But shows UBER’s commitment to diversify. And news moves the stocks.
Let us look at 1-hour chart for a technical view. UBER IPO opened around $45 in May 2019 and since then the price has been in a steady wave decline, an a-b-c pattern that bottomed at $13.75 in March this year after the pandemic sell off. As the stocks of the world steadily climbed higher on unprecedented financial stimulus, UBER rode the wave along with everyone else, enjoying a massive surge in stock price. Elliott wave count shows a clear 1-2-3-4-5 pattern ahead. We had a sharp bounce on wave 1 as investors rushed in to buy the stock on the cheap and a sharp wave 2 correction, followed by a bullish channel in wave 3. So far, the price finished wave 4, retracing a perfect 61.8% of wave 3 and just touching the end of wave 1. It shows great respect to EW rules. We also see a formation of the inverse Head & Shoulders pattern here with RSI divergence. Today at the close of the US session, UBER was priced at $32.79, also right on the cross of the 50SMA and 200SMA. The right shoulder of the pattern, or a corrective wave 2 within a bigger wave 5, is also a 61.8% retracement. More confirmation of a bullish move here is on the break and close above $34.50 resistance, that also serves as the neckline for the inverse H&S pattern. 2nd confirmation is the bullish breakout of the yellow downtrend line from the high of the $47.
Please support the idea and share your thoughts on UBER!
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UBER: Long but still riskythis is a quick update from previous linked post. the drop in the past 2 days presented an opportunity to improve break-even price - although the price action today and the momentum profile supports a case for "long" - i'd consider UBER to be risky until it moves beyond the safe zone on the chart - so watching closely.
the price targets are added to the chart - timeframe is to hold until Q4 and maybe beyond - if a breakout scenario is confirmed.
UBER LONG OR BUY , TARGET UP TO $40Uber confirmed pattern as "Flag" price increase, I bought here.
Uber buy : $32.50
Uber Target : $40 +-1
Uber Stop loss : 8%
Wish you good deals!
UBER: Next on the watch listThis is a promising chart so i'll move UBER to the top of the watch list - we like stocks that are coming back from a sell into buy mode - we see this in UBER on both the daily and the weekly charts
also UBER has not fully recovered to the pre-COVID levels like other stocks - leaving a good upside of ~18% (target #1) to ~28% (target #2)
i like a quick dip back to the $32.5 for entry (with the hook that seems to be forming)
from the very "basic fundamentals" standpoint, UBER is a major disruptor - and the business hasn't even started to reap some of the potential it deserves .. it may be the next big mover -- let's keep watching it closely.
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.
