$TSLA trying to break out after ~3mo consolidationAfter touching the long-term downtrend resistance in early June and consolidating for 3 months in fairly tight range, it got onto the resistance line again on Friday. This completed year-long inverted H&S pattern (visible on the weekly chart). Climbing and staying above $37 or falling bellow $29 should bring major move. Let's see what's next. by georgi.danov0
Uber Potential Breakout, Target $52After a March all-time low (ATL) under $20 a share, UBER took a strong bounce back to the $30 range and looks to be in a consolidation pattern. Special note: There is still much room to the downside that may need to be cleared out. However, the scale and diversity of Uber's product line and growth strategy do have potential. Should UBER post a profitable quarter, this would take off. Strategy for a price move down: Suggestion to set buy ladders at the support lines and Fibonacci retracement. Weight buy orders more heavily to the lower ranges .5 and .786, etc. Strategy for a price move up: Resistance exists around the $38-40 mark. If we see a breakout to these levels with strong volume candles, we would call this confirmation, take a big order, set our stop loss at $35, and take small profits at $50-55 while remaining in the stock. Use this strategy to further reduce your average cost. Elliot wave theory suggests that if we breakout we would be in a wave 3 of 5, which tends to be the longest breakout. Given the potential momentum for a name like UBER we would likely hold in that future scenario. Should either of the above 2 scenarios materialize, we can confirm our strategies and regroup to map out the next potential move up. It I presently give UBER a HOLD rating, with a lean to BUY if only to hold a small position to take advantage of either move. NOTE: ALWAYS TAKE A STOP LOSS IF YOU ARE TRADING A SHORT TIME RANGE WITH LIMITED FUNDS. Disclaimer: I am not a professional and am self-taught. My charts are made for my own education to improve my trading strategies over time. I am always open to feedback or being pointed in the direction of resources to up my game. Thank you!Longby ShadowfigureUpdated 444
Finishing the First Impulsive Wave @ $36.74NYSE:UBER is on its way to end the first wave ( circled ) of the bigger third wave ( greened ). I put tight stop loss here just in case something wrong happens. Target: 36.74 Stop Loss: 34.90Longby Waleed44Updated 0
UBER fightUber is making great upwards progress in spite of the downward pressure from the broader market and bears. It will likely retreat to the golden zone in the following days, but ultimately we are in an uptrend. I think it will fail to break the high (38.78) off the March lows. E: It could touch 32 T: 36.14 T2: 37.54 S: 31 +/-1by CroonieUpdated 2
UBER Bullish Engulfing + Wave CountA nice little breakout of the bullish engulfing pattern and through the EMAs. Wave 3 target at 40.05. Longby robbysloss0
Here is a Buy Setup in Uber $UBERUber forming a nice wedge on the weekly. I'll look to buy on a breakout to the upside. Longby johninvest174
Update: Uber still has the potential to go higherWe continue to follow the movement of NYSE:UBER stock. I predict that it's heading to the $41.40 area to complete the minor third wave of the bigger third wave. I just redesigned the count colors and degrees.Longby Waleed441
UBER 26.08.20 LongAsset and Time frame -UBER,1H, Premarket Entry Price -31.18 Exit(Stop Loss) -30.37 Exit(Take Profit) -34.22 Technical Analysis -Price reached support and reacted with a good engulfing candle and good volume, market seems to move in sideways atm. What can be improved - Conclusion & End of Trade -Longby AviranyUpdated 1
UBER - Weekly CoilUber is building a weekly coil with overhead resistance around 36.5, unless it decides to breakout. I will be taking profits on calls at 36, purchased at 33.8. (Leaving a runner) Good RSI positive trend as well. Good luck trading!!Longby thealecbellamy2
UBER watch for buy setupsHi traders: Looking at UBER for some buy potential. Currently price is sitting within this larger structure on the higher time frame. We had a double bottom , price bullish impulse up. If we get a small continuation correction to form, we can expect price to get push up to the top of the structure. Then we can re-evaluate to see if price has enough momentum to break out, then look for more correction to buy. Thank you Longby jojofang0901Updated 19
UBER- The StratHere is another one I'm currently in. Going to try to hang on a little longer than I have beenLongby Ken_Adam0
$UBER Weekly Inverse H&S$UBER looking interesting starting to show strength can it confirm the inverse head & shoulders on the weekly?Longby NinjaMike_3
Bullish Wolfe Wave Heading to its Target Near $40 ZoneAfter finishing the 5 waves NYSE:UBER has formed a bullish Wolfe Waves and I think it's now in the sixth wave - on its way to the target - which is in the $40 area.Longby Waleed443
UBER: update on long positionQuick update on where we are with UBER - we still hold the long position through the drop that happened earlier in August on the tail of the negative news regarding legal issues - which interrupted a possible breakout - UBER is attempting another breakout with renewed demand and bullish sentiment according to the V.Viewer and the UTO -- the UTO is also showing a positive momentum to the upside - UBER today entered the make-or-break zone - the next few days will determine if the current breakout attempt will succeed - if it does, we can look potentially at hitting the $37 to $39 range - the breakout needs to be confirmed by a "hook" - a bounce up off that resistance zone on the chart - the weekly (not shown here) is in line, showing an end of a bearish cycle and a possible start of a new bullish wave up keeping the long position open for now. Longby RedKTrader222