UBER trade ideas
Uber meeting resistancestop set above red line....Gotta worry about brrrrrrr. Good luck and remember to make your own trades as this is only advice.
UBER trade planPrice broke the channel and retested it. Now price at converging 50 and 200 SMA. Small support at 61.8 at 31.24.
Waiting for the break lower to sell more. Potential target at 28 and further fib levels.
Please support the idea and share your thoughts on UBER!
Good Luck and Stay Healthy!
UBER - Merger updateOff the trendline "possible Bear Flag forming"- heading back to 26.65 support, 17.78% slide
Catalyst: Grub new UK buy out news. "California new ruling is a significant development in the battle between California and companies like Uber and Lyft over the employment status of drivers."
$UBER Grub Deal No Go IdeaUBER with market confirming bearish sentiment and GRUB going into business with another partner. There is nothing to keep $UBER alive. I understand there has been recent bets that ride-sharing is the future from pension funds. The reality is $UBER pisses money and isn't profitable.
Looking to get involved tomorrow on validation. Would feel better with put flow coming in
Uber reboundUber looks like a good play from the current price targets. Buying when RSI is below 30 and the price closes out below the lower bollinger bands has been helpful in identifying areas of reversal, especially in the current "buy the dip" environment. Expecting bump up to $33 early next week.
$UBER Holding Upward Trendline - Looking like a Buy$UBER Holding Upward Trendline - Looking like a Buy
Near term target - $40.00 gap-fill from late Feb
UBER - Grub deal UpdateGrub new UK buy out news! uber losing momentum.
"California new ruling is a significant development in the battle between California and companies like Uber and Lyft over the employment status of drivers."
UBER mean revertUBER is running out of steam, just look at this sad chart. Don't be surprised if it mean reverts soon
UBER thoughtsWatch that long term trend line. If it holds - short back to $26, otherwise long all the way up.
#NYSE #UBER The Bright Future Long Position Before my explanations and forecasts, why do I call Uber shares as a "Bright Future" on NYSE, let us remember some data about them!
Well!
Uber went public on May 10 with an $82.4 billion valuation, and it happened only the last year (2019), do you remember this?
Their start wasn't so impressive...
"Uber raised $8.1 billion in its offering at an IPO price of $45 a share. At a recent stock price of $41.57, the company had a market capitalization of almost $70 billion, based on the 1.677 million shares it had outstanding after completion of the offering."
If you check their just two years graph, you will see their vast loss!
BUT!!!
Here we are in 2020!
Uber is one of the promising company, because of the virus! They are recovering very fast and from the lowest price of their history (March 20 stock price 21.33 USD). Their share price is 36.59 USD, and it has powerful potential to close this massive gap at the 40.72 USD and to continue an excellent long position.
Interest regard of the company is increasing very fast, and it's a perfect chance to buy some shares and to keep them for a long term position.
I used several precise trading instruments, where you can see Fibonacci retracement and their percentage positions. As you recognize, it has already passed 35% of uptrend and will be closer to 50% and more soon.
Overall, most of the technology companies have perfect perspectives, and one of them is UBER, a very fresh and right choice for trading.
Don't hesitate to like and leave your comments below! Thanks
Uber Stock will keep going up Uber Stock will keep going up
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Looking to add as it dips in coming weeksIt is amazing that it hasn't been sold off amid the pandemic. Hedge funds are holding on to this name since the all time low.
The brand is well known around the world and it is just a matter of time before it takes off. The pandemic has changed people's habit of getting their food and it makes alot of sense for Uber to expand and invest more into their UberEat division. Hopefully they can work something out to acquire Grubhub.
UBER trading level's green levels = more than 2 clusters , I am trying to make simple as possible .
"GOOD LUCK TO EVERY ONE "
$UBER $39.50 price Target short term
Strong uptrend with 7&12ma's as support.
RSI uptrending with room to run higher
Major resistance is downtrend line
Uber vs Lyft - Technical AnalysisUber and Lyft seem ready to go up to the price level that they had before the virus.
The Idea is to Buy Uber or Lyft, just wait the right time as Uber might start a retracement price.
It seems that there might be more margin investing in Lyft as it should go up to close the gap with Uber (Uber is moving uptrend, while Lyft is moving sideways).
UBER Stock Analysis for Short Day TradersHere's a very simple analysis of one of the top 20 stocks on my technology list... UBER. This is the 1H chart that extends all the way back into March 23 when we reached a new 52W L from the previous one of $13.71. It has been a long battle against the bears with ups, downs and high price volatility due to the pandemic and uncertainty. The price have been consolidated since May 15 and the 1H chart shows a strong support between the price of $33.53-$33.75 and a strong resistance at $35.
Today UBER broke the 50 EMA, breaking the trendline started from May 6. I expect tomorrow to break once again the 50 EMA to retest the price between $32.80-$32.95. This could be an amazing opportunity to buy and hold your position since UBER is still down an approximate of 33% from its 52W H.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
-CHX-
