UBER trade ideas
Uber: Correction is OverNYSE:UBER seems bullish after finishing its correction wave ( wave 2 blue ).
Uber: another wave up comingThe previous price projection was bulls-eye accurate. Uber hit the $38.5 level and switched downward. i didn't close the long there -- there's really little use of having a good projection if we don't act on it, right : ) ?
V.Viewer tells us the next balance point if another move up is to happen, is somewhere between the 2 red lines $34.8 to $35.6'ish -- which is also where the 30MA on a 4hr would be. the chart tells us that if UBER can successfully overcome that zone, there's a possibility of continuation up.
what does the daily chart tell us?
the 1D chart looks good - especially with today' action - there's bullish long term sentiment - so the winds can carry the next move forward - and the weakness in the short-term momentum is kind of declining, switching into strength
conclusion:
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not closing the long now and will hold - will share next projection once we have a reliable formation.
feel free to share thoughts if you think otherwise.
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How do i read this chart setup
we look at the price action (top chart) and recent key S/R price levels, plus the insights from 3 key elements: momentum, sentiment and buy/sell pressure
- the calculated short-term price momentum is shown by the UTO blue/amber line
- the long term sentiment is represented by the UTO Green/Red area graph - the demand/supply pressure is expressed by the v.viewer green/red area graph - let's call these "the context"
How do i trade this chart setup
- the Basic rule: nothing can predict what happens tomorrow - but if no external catalysts interfere, it's *highly probable* that a price move with strong momentum that's in alignment with the broader context (sentiment and buy/sell pressure) would continue in the same direction (e.g., a breakout).
UBERKinda feels like a false move. Would love a low risk short entry on a bounce up above the 20 (wishful thinking). Trend line is the stop. Chart reminds me of NKLA in a way.
Uber Trading RangeUsing Standard Deviation rules and a Fibonnaci Retracement channel we can track the range bound movement of Uber and help determine the next probably trading range. Testing near the highs of the range showed some resistance as we closed yesterday with a strong bearish candle. showing inability to regain strength could signal a potential reversal of price back towards the range that we can track from june through august.
UBER RetestUBER has fallen back to support after making a good run up into its previous high. I suspect this support will act as a bounce area as a retest, before it reverses direction back to the old high. If this breaks support back to the 50 moving average this play will be void and exited.
UBER LongContraction leads to expansion. Double Box move. Bought on a pullback to the BB1. Looking for price to close above the 38/39 Level and then expansion to 42.
Uber 9/21 Bullish 9/21 AMUber 9/21 Bullish 9/21 AM due to missed downtrend recently causing sooner AOC.
Uber: Correction still in ProgressNYSE:UBER seems to be in the C leg of the ABC Zigzag wave (Circled).
We might see a 5%+ drop this week.
UBER Stock Analysis Prices are moving inside a channel. The idea is to hold.
Option 1 only if the support level or 34.5 will not be broken, otherwise Option 2 might be the most likely to happen.
A very risky option is to go short for a short term investment before going long for a long term investment.
Uber Started to Lose Momentum ( 1H Chart )Following up with Uber stock movement, it's clear that we are near/at the end of fifth wave ( Greened ) and I expect a correction to the 35-36 zone before going higher.
That is confirmed by the strong bearish divergence signal as you can see in the chart b/w the price and the RSI indicator.
UBER SnapbackUBER is on its 5th straight day green. It has become overbought on stochastics and is pushing the upper limit on the bollinger band. It has just hit some resistance at $38.5 while being overbought, which i believe will create a selloff with a pullback back to the 35.5 range.
THE UBER STOCKmore potential the UBER stock going up next days, so if the price crosse 40.68 we can see the price between 43.00 and 47.40
