Uber Technologies attempts to breakout When the lock down is partially lifted maybe people are less likely to use public transport ,
Uber is a obvious benefactor
UBER trade ideas
Ascending triangle leading to the upsideNew to trading so any advice would be appreciated. Heavy level of resistance and there is plenty of potentially 'positive' news coming out in the next week or so. Trumps hopes of being re-elected for a second time are pretty dismal at present and he has to do something drastic to change this, so a forced opening of the states sounds reasonable to increase his chances. As I think Uber has been performing better than any other ride hire during the pandemic is because of Uber eats and in turn may have won some customer loyalty and therefore increase market share, and so could surpass previous highs in the longer term. However, I can see a small push up in the short term as economies open but anything could happen after that. I think we could possibly see cases increasing after lockdown has been lifted but the extent of the increase is anybody's guess.
Is UBER ready to crumble? Another Bearish Idea.The past few days, I have been hunting for solid Short opportunities. I believe UBER may be forming a beautiful setup. I continue to hold a Bearish stance on US Markets as a whole. How long can the government keep the market postured up on stilts due to stimulus? My bet... Not for much longer.
- Very SLIGHT Hidden Bearish Divergence on the Daily here for UBER.
- Volume has declined this entire move up.
- $28.50 was tested several times throughout late 2019. This stands as an important resistance at the moment with a few wicks attempting to break it.
- Also struggling to break above the 0.5 level in confluence with the $28.50 level.
- It is possible that we broke our lower trend line and could begin the descent for UBER. Their are a few ways to draw this trend line, but ultimately I ended up with this bearish viewpoint.
- This idea is INVALID if price were to close above and hold $28.50.
Will UBER plummet from here on out? Possibly. The setup here is prime for the taking.
Pandemic SellSupport and resistance areas on chart.
I highly doubt Uber can be profitable until the pandemic is over.
We may even see lower lows, but it's too early to tell.
Trade safe & don't forget to use stoploss orders to mitigate risk.
Uber Short-Term Technical Analysis Price Target $20NYSE:UBER Technical Analysis short-term (next two weeks) will see $20 range. Huge drop will be in the game!
I did technical analyze based on market moves as a consequence NYSE:UBER is extremely bearish and stock will be down low $20.
Please share your thoughts on NYSE:UBER
Best,
UBER 10-11$ targetAlmost the entire world is on lock down and Uber is valued where it was in December 2019 pre Corona crisis, which is ridiculous. The stock market melt up is most likely done for wave 4 and will soon begin the final bloodbath of wave 5.
Don't take this as financial advice, as the FED is pumping trillions into these markets. Anything is possible and all my forecasts/predictions are based on humility. Always do your own research.
Uber Bullish ScalpBuy signal from the bot
Bullish Index
Natural FA
Looking for a short term scalp.
30-day hold
$UBER headed higher starting now$UBER completed the (B) wave (lilac B) of a simple zig-zag correction (3-3-5); now it is heading up to the red box to complete the lilac C. The lilac C will be structured as a 5-wave impulsive move to the upside. After that lilac C completes $UBER should target new lows.
UBER buying opportunityAs positive mood returned, waiting for the break of resistance to buy more. Careful with Easter holidays as we could see some swings.
Similar patterns in many stocks as investors jump on the wagon.
Please leave a like and share your thoughts on UBER!
Good Luck and Stay Healthy!
Inverse Cup and Handle on Uber Daily chartThere seems to be an inverse cup and handle on the daily card. A bearish flag.
UBER about to take a ride.Support held ✅
Confirmation of reversal✅
Now the question is where wil she land🤨🤔
LOW and UBER bearish swing tradeLOW and UBER have interesting daily, weekly charts showing weakness. If the market is aligned and continues to go down then LOW and UBER might be a good short depending on the price action and how the SPY is doing.
UBER - ShortShorting the most recent pump in the S&P. My view is that we have yet to see the lows in the market as many states and countries extend the Stay-At-Home orders.
More downside to UBER:
1. Fewer requested rides going forward until the virus gets under control.
2. Virus has now infected 1M individuals globally and the U.S. does not expect the apex to occur until the end of April.
3. Competition from other food delivery options.
Looking at the indicators, both the RSI and MACD are beginning to turn.
