UBER trade ideas
UBER - 65+This chart is setting up for another big run. Perhaps some of the DASH excitement is rubbing off on it, but hre I see a bit of a double bottom within an ascending triangle. Textbook double bottom and maintaining uptrend. Bull flag forming on the break. Give it a couple weeks and I think we see 65 or higher.
UBER: next goal 64$
Strong hands are pushing this stock higher. Right now it is ready to achieve 64$ in the short term. So much volume inside.
$UBER$Uber i am liking the average Volume coming in as well i believe this is a 5 wave structure starting off on the daily time frame with min targets, Also it broke out of a nice triangle on the Daily Time Frame, In the lower time frames i see it a wave 2 or a retest of the trendline of the triangle if i see a bounce off here soon i will get getting in with a stop loss under the previous low. Again failed to do soo you can also short it if you would like but i will just wait as it can build a bigger triangle.
UBER TrendingUBER is trading in a parallel channel. Look to buy at the support line and sell at resistance.
Uber for long I've been Watching this market for a while now and I think it has set up nice for me to look for possible long positions it's currently at all time high.
potential breakout in UBER NYSE:UBER Below average volume with the 50 day MA within range while it continues to develop under 54.19 high. Ideally, I want to see another small contraction or a few days of consolidation for a breakout through 54.19 high. Note: It is not outperforming the SPY as shown in the CRS but that is typical of a name that is developing a healthy base before a breakout unless the broad market is dropping and the ticker is holding up with strength.
Top 10 2021 Picks (UBER)Distribution of vaccine and recovery to new norm post covid could drive rotation could drive UBER forward in 2021.
Expecting breakout from IPO base to extend in a continuation rally.
selling off on light volumewait for recaputre of recent highs on heavy volume to break out of current range. EPS growth expectations for UBER are strong
Christmas ShortUber has had a lot of recent small bodied candles with bullish wicks. Small body represents small price movement and the long bull wicks show where highs reached during that session. Based off the candles I can see UBER briefly hitting $54 a share but the MACD shows growing bearish divergence and D+ also shows growing divergence. Bollinger Bands have initiated a double sell signal, and RSI is flying high greatly overbought at 63.70.
My trading plan is to short it to $52 a share by 1/8
I will buy 10 contracts as close to $1.00 a contract as possible and let the market take its course.
Looking to make a modest profit of $1-2k
Comment your thoughts below!
UBER Channel & fib lines from recent larger moveUBER channel with median line acting as resistance. Retracement back to the 0.236 and 4hr cloud acting as support. onward and upward back to revisit the median line.. Thinking golden pocket by beginning of February.
Uber consolidation and then upUber consolidation, broke ascending channel and back to 49 support level
Friday Price PredictionThis prediction is based on the 4hr chart. MACD shows weakening bearish strength while Bollinger Bands are also starting to trend up.
a couple outcomes herecould keep grinding up and hit 60s in earl 2021... or pullback and enter its old trend channel, if you got in before that huge green impulse congrats :) and remember it never hurts to take a profit. goodluck :)
