UBER trade ideas
Uber in the short termHonestly I don't understand why would Uber rise up during Covid-19, when almost nobody is taking Uber rides. But, whatever. I think Uber has the potential to touch 39 or 40 in the relatively short term, as the wedge from the chart shown. I won't buy Uber now(it's really overvalued IMO), and I would patiently wait until 39/40 to get puts. 2I will purchase with 20% of the money I prepared for Uber if it hits 39, and 40% if it hits 40.
Uber in rising wedge and meeting resistanceAnything above 34 dollars is a gift to short at. I will keep adding if it goes above. I have some calls for a hedge. Good Luck. This is just advice, make your own trades.
Uber between TrendlinesHi,
This is my first shared Idea and I would like as much feedback as possible,
After the big fall, there are a lot of opportunities going on these months (talking about trading).
As I am new to this (a little bit more than half a year studying), I just used the Analysis methods that I am more comfortable about,
1.- Log Scale, not for all charts, but it seems to be pretty good at NYSE:UBER
2.- Trend lines
3.- Support and resistance levels, using volume profile
4.- Channel (as an extension of the trend lines )
5.- Internal Trend lines
There are plenty opportunities going on these weeks while bouncing between trendlines , but I am only trading long when one of the support trend lines is confirmed.
Thanks,
RERS
$UBER Adding to short as it climbs The Grub Hub Merger / Acquisition , whatever it is , will be good long term, but short-term dont see it helping for 6-8 month at min. Rather be short the name then long here .
sell call spreads over 36 past June expiration ...
1D UBER SHORTUber is a company that makes no money and has tough competition.
Technically it is downtrending on the weekly. No reason to believe it will do anything other than that in the coming weeks.
#UBER 32.69 Is Still Acting As Resistance (Pattern Completion)Trader, UBER completed this pattern at 32.69 and it did a fake breakout to the upside but then settled down under 32.69. It has been trying but so far the level has been acting as great resistance for it. Having said that, it still has potential to go up to 35.31. Lets see how it plays out.
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Have a great trading week!
P.S. (This is for education only. Not a financial advice or signal.)
IT'S TIME TO CONTINUE LONGING $UBERContextual immersion trading strategy idea.
Uber Technologies, Inc. develops and operates proprietary technology applications primarily in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific.
The share price rose after good earnings. I see some preconditions the share price will continue growing.
The demand for shares of the company still looks higher than the supply.
These and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $32,62;
stop-loss — $30,41.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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UBER Retest/remountUBER previously broke out on news, since its pulled back to support. Today it remounted and looks like its going to make another push to $36 range. Grubhub takeover news
UBER Grubbin and GrowthUBER is potentially buying GRUB HUB!
We'll see if this pans out but short term Bull market to about $35.
#UBER Has Completed A Pattern And Has Started To Move Down A BitTraders, UBER has started to move down a bit as it has completed a pattern just around cluster of moving averages too.
Uber - Still below IPO PriceChecking back in with Uber this week since our last analysis.
If you checked out or last posts we remember we've gone through the following with Uber:
1. Uber cofounder and former CEO Travis Kalanick has sold off all his remaining shares and left the company's board of directors. This ended up benefiting Uber stock price since Kalanick had been accounting for 7% of the sell offs in the Uber.
2. Whatever early on IPO investors that were waiting for the lockup expiration to sell their shares seemed to have done
3. Coronavirus shook the whole market
4. Uber today, the stock is still way below its IPO Price
While Uber Rides are still 80% lower than usually, an increase in Uber Eats due to Coronavirus pandemic has benefited Uber even though it still only makes up 30% of Uber's profits. As economy slowly opens up we should see an increase in rides again.
We took a long position for a nice profit off a previous double bounce in our charts there and we've recently went back in. Our targets are still set for $35, $38, $42 with tight stops between each.
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Cheers!
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UBER clear 30Breaking out above 30 after weeks of consolidation.
Slow Turtle Buy signal appear.
FiFT +ve (Bull is in control)
ATOM buy signal appear (BBull starting to trend)
UBER ($UBER): Down like Gross Revenue, or Up like Eats?✨ We provide charts every day ✨
Drop a requested Ticker in the comments and we will be sure to take a look ✔️
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Uber Rides got hammered from COVID, taking a $5 billion loss, but Uber Eats saw epic growth.
While Uber says business slowly coming back now that the lockdown is gradually ending, the trend is still technically bearish and we are running up against resistance.
Given the above, we are looking for a short setup.
Resource: finance.yahoo.com
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1. Fractal Trend is signaling a downtrend (Maroon bar color) on the 4 hour chart, and that means we can take short setups with our strategy.
2. With the strategy, we are looking to open a position after a rejection from either an orderblock plotted by Orderblock Mapping or an S/R level plotted by Directional Bias.
3. R1 looks like it will act as resistance and give us a solid entry, so we are waiting for a reaction there.
4. To the downside we have a number of levels that can act as support. Any of these levels could serve as exits or take profit levels depending on the reaction there.
5. Overall we don't want to be too aggressive shorting here, Uber had a bad quarter, but betting against the stock during a recovery from COVID as people get back to using ride sharing seems like a bad idea.
6. With the last point in mind, we have a relatively tight stop above R1 and will be exiting if Fractal Trend signals a trend change. Our target is S2 instead of a lower target as that should be a major level to retest on the way back down.
In other words, we have a nice setup for a short here, but we aren't trying to short Uber to zero or anything.
UBERI think Uber will go for a top and then die by the earnings report time. Not trading it but I'm curious to see what's gonna happen
Uber is flying highInvestors were satisfied after Uber's SEO Dara Khosrowshahi announced that Uber is going to open a new area of business, package & grocery delivery.
Uber eats which was dragging the company down had a net growth of 53%
Confinement eased in many countries will drive the business up, Drivers were out of earnings for two months, they are motivated to start getting some money.
watch for $36 price target today.
Uber stock analysisUber has reached the high area of confluence of $28.30 which acted both as resistance and support in the past.
1) There is a MACD crossing which may mean there will be a discontinuation of the current bearish trend.
2) RSI is bellow 30 and making higher lows
3) Lower Bollinger band almost touched last Friday at market close
UBER Breaks Out of Consolidation- Uber Shares break out from price consolidation after Eats Revenue increases buffers its $3 Billion Quarterly Loss
- Stay at home orders gave an unprecedented 53% year-on-year revenue growth for the Eats Business.
- Technically price has broken out of its down trending Pitchfork with a strong burst on the Connors RSI. Longer term momentum has been somewhat flat and needs to pick up before prices can reach our first target.
- If prices remain in the linear regression channel we could see our first target of $39 hit by July - expecting some resistance along the way especially at $34.
- Investors are betting on growth to continue in Eats and lockdown restrictions easing the drag of the rest of the business.
