Uber Strong Buy SignalMy custom "triple trend" indicators test positive growth for Uber. Explosive growth likely on Monday.
UBER trade ideas
Uber strong potential for a bullish trend to reach 32.26$The next potential target for Uber is at 32.26$ when the price crosses 29.52$ resistance with a strong volume. Stop loss at 21.65$.
Uber Stocks against the Odds keeps going Up but "Stay aside"Against the Odds and Fundamental Uber seems to go up. Volume does not support the breakout so option B could be still Open
Possible options are:
Long Term Analysis
4h Chart there is Continuation Pattern and Bullish Pattern: Ascending Triangle - Target price 36.00
Volume at the breakout were supposed/expected to be much higher.
Short Term Analysis
30 Minutes Chart Rectangle Bullish Pattern. Two possible options: Option c - Bullish up to level 31.5, Option B- Bearish up to level 27.00
#UBER Short Idea On Pattern FormationUber has a good short opportunity coming. This also coincides with similar patterns on SPX500 and other major indices.
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Uber and LyftI would expect to see both Market to keep going downward (Bearish Market after the Virus)
So far I have not yet found any fundamental information to support the Option C
I do not think that Uber Eat alone can bring the Uber price over 30. Let's see what will happen.
Uber Starting BreakoutPretty straight forward. Uber has been trading in a range for a couple of weeks and broke to the upside. Holding up decently considering the selloff so far today. Hopefully get some good confirmation tomorrow.
UBER Technologies $UBER#UBER is one day up and the other dat down. It is trying to hold above fib. 0.5 resistance. The volume is still low
Uber - Potential bearish pennantPennant are generally continuation Pattern. Sometimes, very rarely they work as inversion pattern
The trading idea can be to sell at the current level and get out as per below two options:
Option A - Bearish up to level 25.00
Option B - Bearish up to level 24.00
$UBER - CLEAN CLEAN CLEAN high base on the daily! Watch $29!!$UBER $29 level quick review.
xeenos trading
sending positive energy your way!!!!
$UBER (LONG)Everything on the chart.
2 scenarios
I tend more towards the long, but the entrance to the entry position is strictly from the stop!
Stop under the trend line
target area 30-31$
if we break the trend target will be below
Good luck.
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UBERs consolidation coming to an end.Inverse head and shoulders. Looks like a break to the topside is promising.
$UBER Breakout Eminent Too many positives going on for it not to break out, resistance level is a tough one, tested many times - Has to be weak by now and with more support behind the rise this time.
BREAKOUT TERRITORYTECHNICALS:
Uber has formed a bullish ascending triangle and is sitting at a very strong resistance level at around 28.50 (solid blue line).
It is in breakout territory and if it passes this resistance it could mean a rally to test the 33.50 level then 40.50
A good risk/reward setup.
FUNDAMENTALS:
Yes, the underlying fundamentals are bleak at the moment with Uber's core business model being ride-sharing, yet their food delivery service is expected to be booming due to the COVID-19 stay at home orders. Keep in mind, once the pandemic slows and business starts to go back to normal, Uber's ride-sharing will pick up and likely resume back to normal. Therefore, this is still a good long term play for investors, especially those looking to buy Uber at a discount.
Uber Technologies attempts to breakout When the lock down is partially lifted maybe people are less likely to use public transport ,
Uber is a obvious benefactor
Ascending triangle leading to the upsideNew to trading so any advice would be appreciated. Heavy level of resistance and there is plenty of potentially 'positive' news coming out in the next week or so. Trumps hopes of being re-elected for a second time are pretty dismal at present and he has to do something drastic to change this, so a forced opening of the states sounds reasonable to increase his chances. As I think Uber has been performing better than any other ride hire during the pandemic is because of Uber eats and in turn may have won some customer loyalty and therefore increase market share, and so could surpass previous highs in the longer term. However, I can see a small push up in the short term as economies open but anything could happen after that. I think we could possibly see cases increasing after lockdown has been lifted but the extent of the increase is anybody's guess.
Is UBER ready to crumble? Another Bearish Idea.The past few days, I have been hunting for solid Short opportunities. I believe UBER may be forming a beautiful setup. I continue to hold a Bearish stance on US Markets as a whole. How long can the government keep the market postured up on stilts due to stimulus? My bet... Not for much longer.
- Very SLIGHT Hidden Bearish Divergence on the Daily here for UBER.
- Volume has declined this entire move up.
- $28.50 was tested several times throughout late 2019. This stands as an important resistance at the moment with a few wicks attempting to break it.
- Also struggling to break above the 0.5 level in confluence with the $28.50 level.
- It is possible that we broke our lower trend line and could begin the descent for UBER. Their are a few ways to draw this trend line, but ultimately I ended up with this bearish viewpoint.
- This idea is INVALID if price were to close above and hold $28.50.
Will UBER plummet from here on out? Possibly. The setup here is prime for the taking.
