$UBER compared to NDX and SPXNYSE:UBER is leading the way, up 20% compared to NDX and nearly 40% to SPX on the year.
UBER trade ideas
Get ready for UberUber IPO price was at 45 in May 2019. From May till now, it has plunged nearly 43% to a low of 25.86.
Not sure if Uber is out of the woods yet fundamentally, but looking at the chart, it has ended its bearish descending wedge. So, I would be initiating a small position to test it soon.
Here's a series of Uber articles for your reading pleasure :
www.straitstimes.com
Uber ,,, Pullback Uptrend
It can be a pullback to broken lewel inside an uptrend. Buying suggested after Powell speaks.
bullish day but I think longs should be cautious here 👌UBER has a history of giving back gains after big pumps, at trend resistance/pivot level resistance as well.
very dangerous to long here at cluster resistance. I'm bearish short term.. but open to change my bias if trend resistance does break. potential dip to trend support before more upside.
boost and follow for more! thanks <3 see you tomorrow with more
UBER is still bullish short-termUBER had a massive price jump yesterday after the upbeat earnings and is approaching Resistance 1 (37.50), which rejected the February 08 High. That was the last Higher High of the Channel Up pattern that started after the June 30 bottom.
We expect this trend to continue for a new Higher High at 39.00. If we get a 1D candle close above the Channel Up, then we will resume buying targeting the Resistance 2 at 42.50. If the top of the Channel Up rejects the price we will wait for our next buy on the 1D MA200 (orange trend-line) near the bottom of the Channel. Note also that if the 1D RSI gets rejected inside the red circle as the previous two Highs did, it will be an additional sell signal.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
$UBER - UpdateUpdating a previous idea:
- Back in Feb 2023, that attempted breakout, as pointed out by the red arrow, once looked like an aggressive, marubozu breakout candle.
- Back in Feb 2023, it was, as usual outlined that a hack which will save you money is to wait for the candle to close before drawing your conclusions, and subsuming the pattern into your set ups and triggers.
- The same follows for the current candle. Should it close as is ... and bear in mind that today is the first trading day of the month (my timeframe), then we have a confirmed new series of higher lows and higher highs, and hence a confirmed uptrending market, therefore a potential bullish trigger.
- Keep in mind that this market is loaded with overhead supply. Perhaps one could consider scaling down from this trade if it develops in our direction. Say half a position once/if target 1 hit and the other half one/if target 2 is hit.
Above all, remember that nobody knows the future. Reality is complex. Too complex to fit neatly within these lines, areas ... anyone's individual considerations, technical or fundamental, even if that person is a Nobel Prize laureaut, or whatosover. Therefore, the name of this game is: Risk Management. Manage risk, manage risk, manage risk ... trade small, diverisfy, cut losers short ...
Cheers,
Tenacious Tribe - Quantified, Profitable, Trading Strategies & Studies
UBER Stock Chart Fibonacci Analysis 050123Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 31/61.80%
$UBER - Bullish - Earnings Report season expected to riseNice big earnings report getting ready here with good TA indicators pointing to more upside.
UBER: Bias=Bullish, End-Year-Target=41.9, Support=29Shares of the ride-hailing company (Uber Technology) has bottomed out after broken above the two-year downward trend. Recent data shows that stock price is upward biased with a support zone between 28 and 29 mark. As long as the stock holds above 28, it is likely to reach a target of 41.9 by the end of this year.
Downside risk is the area between 23 and 27 which is 13 to 25% from current price (USD31 per share).
SUPPORT=28/29
TARGET=41.9 (BASE-CASE SCENARIO)
TIME HORIZON=DEC 23
RISK=23/27
Short the Long-term Trend I always do the same & it usually works more often than it doesn't; but thats not the point
What is important is to cut the losses & let the winners run. In a world of 50/50 probability. There are four outcomes to a trade. a big win, a big loss, a small loss and a small win. If we can eliminate the big loss; the small win/loss will even themselves out. And we are left with big wins. Here is an example of letting winners run. Although I admit I Closed full position at Profit target 1 & did not let the winner run all the way to the end. Why? a bullish market influenced me, possibly a mistake but thats fine. this is why I document my trades so I may learn along side the reader.
SET UP
. the (W) is in downtrend
. Long-term(M) in downtrend
. price correcting to Lowest High of the (W) downtrend
ODD ENHANCER
. over buying momentum into qualified (SZ) thats also the Lower High of (W) downtrend
. general market in downtrend
. Supply Zone (SZ) never been tested before
UBER Stock Chart Fibonacci Analysis 041723 Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 31.7/61.80%
UBER - Rising Trend Channel [MidTerm]- UBER is in a rising trend channel in the medium long term.
- The price has reacted back after the break of the rectangle formation.
- There is support around 29.76, which now indicates good buying opportunities.
- The stock has broken down through support at 31.60.
- RSI diverges positively against the price, which indicates a possibility for a reaction up.
- The RSI curve shows a rising trend, which supports the positive trend.
- The stock is overall assessed as technically slightly positive for the medium long term.
*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price
Verify it first and believe later.
WavePoint ❤️
UBER Trendline SetupNYSE:UBER horizontal pivot with a trend line confluence.
Probably need a bit more time to build out the right side of this pullback which is so far all left side.
If you are a trendline breakout trader, this might appeal to you.
I'll watch for now how this continues to develop.
UBER D1 UPDATE ( TECHNICAL )For more updates, please follow my TradingView page, and if you find the content useful, kindly hit the "thumbs up" button to show your support. If you have any queries regarding trading, please feel free to send me a direct message on TradingView. Additionally, please share this content with your friends who may find it beneficial.
Please note that any trading updates provided here are for educational purposes only, and it is always advisable to conduct your own research before making any investment decisions. It is important to ensure that all conditions are met before following any trade plan suggested in this update.
$UBER Daily swing trader order$UBER Daily swing trader order
Sell order for the day: 34.32
Buy order for the day: 28.46
————
So this is by far one of the most effective strategies that I’ve traded ever. I used to have a very similar version and some of you may remember it from a few years back… but this just requires one buy order and one sell order every day after close… and as the market dips you’re buying and as it’s rallying you’re selling into the rally…. You don’t have to think of anything else…. Its super simple… in a way it’s a very passive swing trade strategy where you’re always buying the dip and always selling on the way up…
I am not your financial advisor and feel free to follow along to see how it plays out and jump in any time.
I’m tracking only a few of my positions on here and I want to see the success rate after 3 months. I know it works really well already but I want to be able to break it down and see it visually…. I’m visual like that… lol
Also not that there aren’t supposed to fill same day… I have each order set to GTD, and the date is 8 weeks out…. So it just needs to fill within 8 weeks….
It is a completely market neutral strategy so lets see how it weathers and drops and rallies that might be looming in this weird market…
$UBER - Looking good for an upswing#UBER is starting to look good again. If it can break above 32.58 it could run to $38 area.
Price can further fall to $29-27 but looking like it can bounce from $30 area.
It will be a gift if the price gets to $29 - 27 area.
Target 1 - 32.50
Target 2 - $34
Target 3 - $38
——
Trade is done when it hit one of the target or stop loss is hit.
Disclaimer: Trading note. Not an investment advice.
UBER - Enjoy The Ride 🚙 Analysis #27/50Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
UBER has been stuck inside a big range between the 27.0 support and 40.0 resistance.
🏹 If we retest the green support again, we will be looking for trend-following buy setups on lower timeframes
For the bulls to take over long-term , we need a weekly candle close above 40.0 resistance. Then we can expect a long-term shift in momentum from bearish to bullish.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
UBER - Where will we go next?This is the hourly chart of the UBER stock.
The question is where are we going next?
Classic candle pattern analysis suggest we are building a flag pattern for a leg up. The real volume trend indicator is not so sure (Indicator at the bottom of the screenshot, show a significant decline in the bullish volume. Our "Trading Zones" algo has identified some big selling levels above the flag pattern (red areas on the chart).
Our hunch would be a candle pattern break into the red zones and then a sell off. For us hunches have no place in trading a profitable edge. This algo output is super high timeframe, so we will wait for lower timeframe confirmation of where to trade to ensure that we have at least a 10:1 risk reward and make money even when we are wrong - or worst case not lose money.
UBER MAR03 36/FEB24 38 DIAGONAL CALLBULL PULLBACK SETUP:
Uber made a new swing high February 8th. Since then, it's been pulling back with lower or equal volume and the price action from yesterday triggered me to get in today.
I'm going to give this a couple weeks just incase this wants to pull back some more. I'm set up for max loss risking a little under 2% of my portfolio.
My target of 38 was determined viewing the hour chart and I would anticipate this getting to 38 by the start of March. However, if this gets to 38 before the 24th, I'll take off 75% of my position. Come the 24th. If we are at 38 or above it, I'll close out the entire combo. If we are below 38, I'll hold on to my 36 call until we get to 38.
UBER SHORT, STOCK MARKET ANALYSISHello everyone, it has been some time since my last post but I do plan on making some more content. Here is my analysis of why I believe it is a good time to short UBER. Some other stocks may be worth shorting, but for me, this is the one that I feel the most confident in trading as of now.
Please let me know if you have questions,
~Master Chef
Will the Bears Call an Uber?Uber Technologies rallied sharply between late 2022 and early February, but it could be showing signs of exhaustion.
The first pattern on today’s chart is the price action on February 8. UBER jumped on strong quarterly results but failed to hold early highs. It then swung wildly, creating a potential “hanging man” candlestick. That’s a potential reversal pattern.
Next, that session’s high of $37.58 was 13 cents above its peak from March 22. The stock’s inability to remain above the old high may suggest it is still resistance.
Third, the lower study includes our Moving Average Speed custom script with the 21-day exponential moving average (EMA). Friday’s close pulled the EMA lower. Notice how similar downward shifts in September and December preceded slides in the share price.
Finally, the macro backdrop may not favor UBER because higher interest rates could remain a headwind for growth stocks.
TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
Important Information
TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means.
This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates.
Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
