UBER thoughtsWatch that long term trend line. If it holds - short back to $26, otherwise long all the way up.
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
Uber Stock will keep going up Uber Stock will keep going up
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Looking to add as it dips in coming weeksIt is amazing that it hasn't been sold off amid the pandemic. Hedge funds are holding on to this name since the all time low.
The brand is well known around the world and it is just a matter of time before it takes off. The pandemic has changed people's habit of getting their food and it makes alot of sense for Uber to expand and invest more into their UberEat division. Hopefully they can work something out to acquire Grubhub.
UBER trading level's green levels = more than 2 clusters , I am trying to make simple as possible .
"GOOD LUCK TO EVERY ONE "
$UBER $39.50 price Target short term
Strong uptrend with 7&12ma's as support.
RSI uptrending with room to run higher
Major resistance is downtrend line
Uber vs Lyft - Technical AnalysisUber and Lyft seem ready to go up to the price level that they had before the virus.
The Idea is to Buy Uber or Lyft, just wait the right time as Uber might start a retracement price.
It seems that there might be more margin investing in Lyft as it should go up to close the gap with Uber (Uber is moving uptrend, while Lyft is moving sideways).
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-
Uber in the short termHonestly I don't understand why would Uber rise up during Covid-19, when almost nobody is taking Uber rides. But, whatever. I think Uber has the potential to touch 39 or 40 in the relatively short term, as the wedge from the chart shown. I won't buy Uber now(it's really overvalued IMO), and I would patiently wait until 39/40 to get puts. 2I will purchase with 20% of the money I prepared for Uber if it hits 39, and 40% if it hits 40.
Uber in rising wedge and meeting resistanceAnything above 34 dollars is a gift to short at. I will keep adding if it goes above. I have some calls for a hedge. Good Luck. This is just advice, make your own trades.
Uber between TrendlinesHi,
This is my first shared Idea and I would like as much feedback as possible,
After the big fall, there are a lot of opportunities going on these months (talking about trading).
As I am new to this (a little bit more than half a year studying), I just used the Analysis methods that I am more comfortable about,
1.- Log Scale, not for all charts, but it seems to be pretty good at NYSE:UBER
2.- Trend lines
3.- Support and resistance levels, using volume profile
4.- Channel (as an extension of the trend lines )
5.- Internal Trend lines
There are plenty opportunities going on these weeks while bouncing between trendlines , but I am only trading long when one of the support trend lines is confirmed.
Thanks,
RERS
$UBER Adding to short as it climbs The Grub Hub Merger / Acquisition , whatever it is , will be good long term, but short-term dont see it helping for 6-8 month at min. Rather be short the name then long here .
sell call spreads over 36 past June expiration ...
1D UBER SHORTUber is a company that makes no money and has tough competition.
Technically it is downtrending on the weekly. No reason to believe it will do anything other than that in the coming weeks.
#UBER 32.69 Is Still Acting As Resistance (Pattern Completion)Trader, UBER completed this pattern at 32.69 and it did a fake breakout to the upside but then settled down under 32.69. It has been trying but so far the level has been acting as great resistance for it. Having said that, it still has potential to go up to 35.31. Lets see how it plays out.
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Have a great trading week!
P.S. (This is for education only. Not a financial advice or signal.)
IT'S TIME TO CONTINUE LONGING $UBERContextual immersion trading strategy idea.
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.
The share price rose after good earnings. I see some preconditions the share price will continue growing.
The demand for shares of the company still looks higher than the supply.
These and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $32,62;
stop-loss — $30,41.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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