Bullish Alert : UBERThe hourly chart sees a new test of our emas with a easy positive price action.
Our #topSwing with a good entry area was already detected on the 15 minutes chart.
UBER trade ideas
UBER Entry, Volume, Target, StopEntry: with price above 49.49
Volume: with volume greater than 38.8M
Target: 55.38 area (this is an area, no guarantee it reaches this price, but you should be selling on the way up)
Stop: Depending on your risk tolerance; Based on an entry of 49.50, 46.56 gets you 2/1 Reward to Risk Ratio.
This LONG swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
Uber Might Be Driving HigherUber Technologies has consolidated for the last two months, but some traders may think it’s still driving higher.
The first pattern today’s chart is the basing pattern that began in August. UBER managed to remain above its July low, even as the broader market tested levels from June. That may reflect relative strength and indicate it’s under accumulation.
Second is the more recent pair of rallies and pullbacks, each with higher highs and higher lows. They could be viewed as bullish flags.
Third, those bounces occurred above the 50-day simple moving average. Is the intermediate-term trend still rising?
Finally, MACD has started rising in the last three weeks.
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Uber has engaged in a long short battleUber has engaged in a long short battle
This chart shows the weekly candle chart of Uber Company's stocks from the end of 2020 to the present. The top to bottom golden section of February 2021 is superimposed in the figure. As shown in the figure, the lowest point of Uber's stock in June 2022 hit the top to bottom golden ratio at 3.272. The low point in May this year and the high point in June are also the top to bottom golden ratio at 2.000 and 1.618, respectively! In the past 9 weeks, Uber's stock has engaged in a long short battle against the top of the chart against the 1.382 position in the golden section, without a clear choice of direction to break through!
Buying Uber on dips.Uber Technologies - 30d expiry - We look to Buy at 45.45 (stop at 42.95)
Daily signals are bullish.
Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end.
We look to buy dips.
The 50 day moving average should provide support at 45.20.
Dip buying offers good risk/reward.
Our profit targets will be 51.45 and 52.45
Resistance: 49.49 / 50.00 / 52.00
Support: 47.28 / 45.25 / 42.95
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UBER BUYHello, according to my analysis of the uber stock, there is a good buying opportunity. The stock has broken the upward channel. We also notice that the arrow is in an ascending direction as shown by the patchwork tool. good luck for everbody
UBER: Buy idea: Bullish ChannelBuy idea on UBER as you see on the chart if only if we have the breakout with force the resistance line by a big green candle with a large green volume. But, in other hand, we will have a reversal trend if we have the breakout with force the vwap indicator and the support line by a big red candle with a large red volume.Thanks.
UBER: $43.60 | Sniper Mode handler is setting up for a short with rejection above 44 levels at the same can be shaken down for accommodating a WHALE whod like a big position towards $100 levels'
either way for LEVERAGE players with 10x to 50x stake.. a wait and FIRE moves should provide a decent reward...
Finger on the trigger folks...
UBER High Probability Bull Flag Here is a Macro break and retest weekly level with a Micro Bull flag below the 4h level showing us tomorrows move will most likely be bullish. Be cautious of bearish move/gap at open due to the high sell volume at close and be be patient for clear entry. Nothing is 100% in the markets.
$UBER - Rising Trend Channel [MID-TERM]🔹Rectangle formation produced a POSITIVE signal at the break through resistance at 29.76.
🔹The target price of 38.72 has been achieved, but the formation continues to indicate a consistent direction.
🔹In case of a NEGATIVE reaction, support at approximately 43.50.
🔹Technically POSITIVE for the medium long term.
Chart Pattern:
◦ DT: Double Top | BEARISH | 🔴
◦ DB: Double Bottom | BULLISH | 🟢
◦ HNS: Head & Shoulder | BEARISH | 🔴
◦ REC: Rectangle | 🔵
◦ iHNS: inverse head & Shoulder | BULLISH | 🟢
Verify it first and believe later.
WavePoint ❤️
UBER bull flag / triangleSimple bull flag on UBER. Day trade and/or small Swing trade. Use a % stop loss or last 10m candle before breakout @ green line . Trim majority at high and let runners run afterwards. Should go 100%+ if contracts are within a week of expiration.
UBER possible trade scenarioAnother big STRADDLE for UBER with expiration Oct, 20, monthly options.
Based on our team's research of the options market, we expect buy activity at the support level or sell activity at the resistance.
We primarily consider levels to be activity zones, but not to be a super-fine level for establishing a limit order. Use them in combination with our own strategy, not in alone.
Early entry, multiple bearish patternsApparently price is forming a HS after a false break out. It makes sense since the market rejected very hard the first attempt to break up the resistance. Now is accumulating into a bearish flag. I have a short position here, it could open with a gap down any day from now on. I don't want to miss that gap. My short position is moderate and I will add after the break down.
AVWAP Earnings RejectionsMomentum seems to slowdown from here, multiple intraday price swings, all signs of exhaustion. Could see a drawdown of $42 ranges, $38 ranges if extreme downwards volatility follows, however this is only a hedge idea and by no means a long term short idea.
Uber +40%Uber Technologies, Inc., based in San Francisco, provides mobility as a service, ride-hailing, food delivery, package delivery, couriers, and freight transportation.
UberThere is a diversion in this trend, so we should stop investing in it, and most probably start following a bullish trend soon, but we need to wait for a reversal trend
Thoughts on UBERHello everyone,
Here are some thoughts on UBER (I am long at 46.13):
The very optimistic view is to bounce from the current position back into the channel. The MACD slightly supports this.
A less optimistic view is to bounce from ~ 44.7 (Fib level 23.6) back into the channel. We might see moderate support at ~ 44.5 – 45.15. EMA200 (45.38) is broken.
If we drop below the ~ 44.7 level, we might see ~ 41.3 – 42.1 (which matches the 38.2 Fib level).
(UBER) 1H - Bull Reciprocal AB=CDPrice printed an Entry Confirmation line(horizontal fat purple) and after a morning pump tested the line finding support near the lower keltner channel and near several potential support lines. It rallied hard the next bar; closing above the ECL. An hour later it is retesting the ECL and I went long with an average price of 45.31. Price is now near an intersection of a multi-pivot line and an upsloping action/reaction line. Note RSI is just below it's 38.2 reading(it's apparent over sold level in this 233 bar frame). Price can certainly dip lower to target2 of the Bear AB=CD(red pattern) where it will find the root number of a potential Bull .618 AB=CD @44.69 and a multi-pivot line just below that it will have to contend with.
If the market has fallen out of bed and we are in for a deep correction I will certainly be stopped out of this risky setup(note the lower highs and lower lows). My stop is at the HOP level to the potential .618 AB=CD. A more conservative approach to entering this long trade would be to watch for virtually immediate support here or at 44.69 and buy a confirmed breakout of the downtrend line; at which time one would presume a major low pivot to be in place(justifying gunning for higher targets as a function of trend).
DYDD
(UBER) 1H - Bull Reciprocal AB=CDI am waiting on this Bull Reciprocal AB=CD for an entry confirmation line to print. Once it has, a test and re-test of the line is the trigger to find a long entry. This type of vetting process provides more certainty about the presumed pivot at the cost of sometimes missing the entry. In contrast, the harmonic stalker's faith-based entry occurred below the PRZ when price interacted with the lower 0-4 reaction line and a local multi-pivot line. This type of entry often provides great location and superior risk/reward. I'm a Johnny come lately via scans so I missed that entry.
Uber's Profit Surge Amid Stock Slump - What's Next?Uber Technologies Inc, the prominent American ride-hailing company, has recently reported its first-ever operating profit, signifying a successful shift to profitability. The company posted pre-tax earnings of $326 million (£255 million), a significant improvement from the previous year's operating loss of $713 million (£558 million). The turnaround is primarily due to a 22% increase in booked trips, indicating a surge in demand.
Despite Uber's positive financial performance, the stock market responded unexpectedly with a 5.68% drop in Uber's stock price on the Q2 earnings release day. This event serves as a reminder of the unpredictable nature of financial markets, where stock prices don't necessarily align with a company's earnings due to various influencing factors such as market sentiment, economic indicators, and global events.
Despite the recent decline, Uber's stock price has reached a significant support level, previously last year's high. This level could potentially act as a foundation for future trends and if the price strongly rebounds from this level, a significant upward move might be forthcoming.
However, investors should remain cautious of the notable $50 resistance level just above the current price, which might hinder the upward trend. If the price surpasses this crucial mark, there is potential for a significant upward trend aiming for the all-time high of $64.05, a level not seen since February 2021.
Lyft and Uber's Contrasting Performance (UBER:NYSE)Introduction
In the competitive ride-hailing industry, Lyft and Uber are experiencing divergent trajectories. Despite Lyft experiencing consistent revenue growth, an inefficient expense structure has been undercutting those gains. Meanwhile, UBER has been focused on improving their profitability and expanding their market leadership of the ride-share economy with some unique and strategic initiatives. This analysis delves further into the contrasting performance of these two companies.
1. Uber's Market Opportunity and Leadership
Uber's advantage lies in its larger market opportunity, which allows it to reach more customers and operate in diverse regions. The company's formidable market leadership gives it a competitive edge over rivals, including Lyft, allowing Uber to expand its presence and consolidate its market position.
2. Capitalizing on the Sharing Economy Trend
Uber has effectively harnessed the growing popularity of the sharing economy. As consumers increasingly embrace ride-hailing as a convenient and cost-effective transportation option, Uber has reaped the benefits of this paradigm shift, driving its continuous growth.
3. Improving Profitability and Rider Loyalty
Uber's relentless focus on improving profitability has resulted in positive outcomes. The company's efforts to streamline operations and optimize costs have bolstered its financial health. Additionally, Uber's introduction of subscription membership and other innovative initiatives have strengthened rider loyalty, contributing to sustained growth.
4. Path for a Sustained Rally
A positive outlook for UBER is supported by strong fundamental results, even though their stock has almost doubled year to date. Investors have responded positively to Uber's performance and growth prospects, fueling optimism for the company's future trajectory.
Conclusion
Lyft and Uber's diverging performance in the ride-hailing industry reflect their respective strengths and challenges. While Lyft grapples with operational hurdles and cost structure, Uber thrives on robust growth and market leadership. Capitalizing on the sharing economy trend, improving profitability, and fostering rider loyalty have been pivotal in Uber's success. As Uber continues to seize its larger market opportunity, investors remain optimistic about the company's potential for sustained growth and value appreciation. However, it is crucial for investors to stay attuned to the evolving dynamics of the ride-hailing market and make informed decisions based on their investment objectives and risk tolerance.
This content is provided for general information purposes only and is not to be taken as investment advice nor as a recommendation for any security, investment strategy or investment account.
