UBER trade ideas
UBER Grubbin and GrowthUBER is potentially buying GRUB HUB!
We'll see if this pans out but short term Bull market to about $35.
#UBER Has Completed A Pattern And Has Started To Move Down A BitTraders, UBER has started to move down a bit as it has completed a pattern just around cluster of moving averages too.
Uber - Still below IPO PriceChecking back in with Uber this week since our last analysis.
If you checked out or last posts we remember we've gone through the following with Uber:
1. Uber cofounder and former CEO Travis Kalanick has sold off all his remaining shares and left the company's board of directors. This ended up benefiting Uber stock price since Kalanick had been accounting for 7% of the sell offs in the Uber.
2. Whatever early on IPO investors that were waiting for the lockup expiration to sell their shares seemed to have done
3. Coronavirus shook the whole market
4. Uber today, the stock is still way below its IPO Price
While Uber Rides are still 80% lower than usually, an increase in Uber Eats due to Coronavirus pandemic has benefited Uber even though it still only makes up 30% of Uber's profits. As economy slowly opens up we should see an increase in rides again.
We took a long position for a nice profit off a previous double bounce in our charts there and we've recently went back in. Our targets are still set for $35, $38, $42 with tight stops between each.
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UBER clear 30Breaking out above 30 after weeks of consolidation.
Slow Turtle Buy signal appear.
FiFT +ve (Bull is in control)
ATOM buy signal appear (BBull starting to trend)
UBER ($UBER): Down like Gross Revenue, or Up like Eats?✨ We provide charts every day ✨
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Uber Rides got hammered from COVID, taking a $5 billion loss, but Uber Eats saw epic growth.
While Uber says business slowly coming back now that the lockdown is gradually ending, the trend is still technically bearish and we are running up against resistance.
Given the above, we are looking for a short setup.
Resource: finance.yahoo.com
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1. Fractal Trend is signaling a downtrend (Maroon bar color) on the 4 hour chart, and that means we can take short setups with our strategy.
2. With the strategy, we are looking to open a position after a rejection from either an orderblock plotted by Orderblock Mapping or an S/R level plotted by Directional Bias.
3. R1 looks like it will act as resistance and give us a solid entry, so we are waiting for a reaction there.
4. To the downside we have a number of levels that can act as support. Any of these levels could serve as exits or take profit levels depending on the reaction there.
5. Overall we don't want to be too aggressive shorting here, Uber had a bad quarter, but betting against the stock during a recovery from COVID as people get back to using ride sharing seems like a bad idea.
6. With the last point in mind, we have a relatively tight stop above R1 and will be exiting if Fractal Trend signals a trend change. Our target is S2 instead of a lower target as that should be a major level to retest on the way back down.
In other words, we have a nice setup for a short here, but we aren't trying to short Uber to zero or anything.
UBERI think Uber will go for a top and then die by the earnings report time. Not trading it but I'm curious to see what's gonna happen
Uber is flying highInvestors were satisfied after Uber's SEO Dara Khosrowshahi announced that Uber is going to open a new area of business, package & grocery delivery.
Uber eats which was dragging the company down had a net growth of 53%
Confinement eased in many countries will drive the business up, Drivers were out of earnings for two months, they are motivated to start getting some money.
watch for $36 price target today.
Uber stock analysisUber has reached the high area of confluence of $28.30 which acted both as resistance and support in the past.
1) There is a MACD crossing which may mean there will be a discontinuation of the current bearish trend.
2) RSI is bellow 30 and making higher lows
3) Lower Bollinger band almost touched last Friday at market close
UBER Breaks Out of Consolidation- Uber Shares break out from price consolidation after Eats Revenue increases buffers its $3 Billion Quarterly Loss
- Stay at home orders gave an unprecedented 53% year-on-year revenue growth for the Eats Business.
- Technically price has broken out of its down trending Pitchfork with a strong burst on the Connors RSI. Longer term momentum has been somewhat flat and needs to pick up before prices can reach our first target.
- If prices remain in the linear regression channel we could see our first target of $39 hit by July - expecting some resistance along the way especially at $34.
- Investors are betting on growth to continue in Eats and lockdown restrictions easing the drag of the rest of the business.
I used to take the bus!As we see more opening ups hapening , and more people going back to work I think those who felt safer on public transport, I being one of them will feel safer on ride hailing services... the golden cross in the MAs along with the bounce and this I think paint a nice picture for a 30% gain in short term , I would put the Stop Loss at 27$
Uber 2nd half scale in Our longer term holdings on UBER is slowly moving in the money but the thrust out of the Non-Limiting triangle should be approximately equal to the widest wave of the Triangle. Since market conditions are unusually strong (probably climatic) if the Expanding Triangle is drifting upward, Non-Limiting patterns is the Non-Limiting “thrust” will not terminate during the time period occupied by the apex point. Look to scale in with 2nd half Longs on UBER if underlying drops into 24 and below.
Sign to SELL UBER TECHNOLOGIESHello, UBER TECHNOLOGIES is possible to strongly lower the purchase volume
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UBER - HoldWait the right signal for a long term investment.
Short Term - Hod it for now
Technical analysis (daily chart) shows an overall bullish market against the fundamental (there is a global crisis and everything is still shut)
Fundamental Analysis says:
UBER will lay off 3700 employees 14% of the 26900 total employees - it can generate a bearish signal
UBER Technical and Fundamental Analysis - Short termNYSE:UBER
Based on Technical, but mostly on fundamental analysis, Uber, for a short term analysis should go down.
UBER has to face a lawsuit claiming its illegal predatory pricing and other anticompetitive practices killing competition, including the accusation of secretly booking and cancelling rides on competitors' app.
Lyft keeps following UBER and Vice versa, it might imply that the Uber's fundamental information did not have anY impact on the priceS or, the Uber's prices already take in account in the fundamental information (BEARISH MARKET) and that Lyft stock tend to follow UBER.
Uber stock analysisUber has reached the high erea of confluence of $28.30 which acted as resistance and support in the past.
There is a MACD crossing which may mean the discontinuation of the current bearish trend
RSI is bellow 30, means it's oversold
Wait for it to confirm staying above that point and go long.
UBER Downward Break From Ascending Triangle | TP $21.67UBER about to break out downwards of ascending triangle. DM+ / DM- projected to meet in 1-2 days confirming downward sales pressure. Climb pressure has been declining suggesting strong break-out about to occur. RSI has already begun to come down from local maxima.
Take profit set at 21.67, the next local resistance. May come down as far as 13.71.
UBER ($UBER) - Trendline/Fib RejectionUber successfully close below the 61.8 fib and rejected the long term trendline. I'll be targeting the $29 area.
