UBER trade ideas
$UBER - Inverted cup and handle break down target 50% paid In previous chart I had published that Uber was playing out inverted cup and handle with maximum break down target of $28 area.
Now it has paid 50% of the break down target and filled the gap that was left in Nov 2020 at $36.15 area. 50% is some cases the reversal can happen.
Can it happen? Who knows?
If this area does not hold, it can break down to $32.50 area. For both bulls and bears, areas to watch for support and reversal areas are -
Support 1 - $36 (50% breakdown)
Support 2 - $32.50
Support 3 - $28
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How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines shows support and resistance areas.
- Fib lines also shows support and resistance areas.
- The dotted white lines shows price projection for breakout or breakdown target.
Disclaimer: Do your own DD. Not an investment advice.
falling wedge detected 🍿i love this falling wedge pattern here on $uber, once it breaks we can target 47-52 local resistance areas.
I'll wait for confirmation first but its definitely on the watchlist.
good luck! like and follow for more 💘
UBER BULLISH SWINGThis could be a simultaneous AB=CD and wedge pattern that play out. If thats the case we have a distinct posibility of making 100%+ within a 12 month timeframe. We have just had a productive bounce in the bottom of the wedge. Of course I'd prefer the bounce with a rejection candle, but the UBER stock has no history of doing nice candles in its bounces, so this bounce will do. the latest low incidently also closed the gap from nov 2020. No more gaps to cover on the downside. If we put our SL below 35 and aim for a harmonic play out of AB=CD we have very nice risk reward. Those seeking more confirmation can wait 2 closes above the wedge "roof" before entry. Hope we see some über bullish action ;-)
UBER bouncelooking spicy
-39.1 will be used as a pivot; large dark pool print at this level around Sept 15
Trade plan:
-bounce off DP pivot - 39.2 (overnight lows) , targets ~42.2
-target is top of a past gap that was filled recently, but too quickly. look for it to fill again
*plan void if open > pivot - PM lows
stop below pivot with low volume, watch tape
UBER MOST LIKELY TO BE "LONG"I believe we're just done with the correction that took around 10 months from February 2021.
this is my expectation of the path it would take.
Also, today it was upgraded to buy with a target of 80$ from UPS.
What do you think?
$UBER with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $UBER after a Positive over reaction following its earnings release placing the stock in drift B.
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$UBER Close to volume shelf support. ABCD Downtrend pattern.After Head and Shoulder formation, the downtrend may be reversed in volume shelf support zone.
UBER Volume AnalysisSee arrows to indicates direction of the volume. Seems like this is a unfinished auctioned conclusion happening meaning the jump was too quick by an institution. They want to absorb all the supply every trading hours to complete their full position maybe ?
Green light with a (1.000) ratio are fibs projection forming potential support if we break the strongest one for now.
Waiting to see here if UBER will start to show some strength before entering anything. Any high RR play can be valid here.
I will be personally take a sub 15 delta play on this one for options.
UBER Bounce possibleI think this could be a black Friday sale on Uber.
I like the risk-reward for a bounce at these levels.
Uber's DownfallUber failed its triple bottom at $42.50...looks like it's about to fill a gap and hit the $39ish support zone.
Faith In The Buy Signal Are these live buy signals accurate?
Lets see
D+ charges $14 a month for their insanely accurate buy and sell signals based on divergence.
Comment below your thoughts
IS UBER GOING TO UP????The chart shows a Positive divergence in the RSI indicator.
You can also see the Buy signal in the stock indicator.
You can see the point-to-point support on the chart.
UBER BullishNYSE:UBER formed a Positive Harmonic AB=CD on 30 mins time frame will reach T1,T2. watch for SL
Uber Long Entry- 44.75
Targets- 45.00, 46.00, 47.00
stop- 3.54
strike/ Exp.- 45.00 or 45.50/ 46.00 weeklies
UBERUber is building a falling wedge. Looks like it'll make a bullish move to the upside with time. Definitely a good value play iMO. Best of luck with this one but I'd recommend to grab shares.
Revised outlook for UBER tradeRevsied outlook for UBER trade, it changes because UBER made a flat instead of zigzag
