UBER trade ideas
UBER Short It breaks up trend in 1 hr frame, still under 50 RSI and retest broken double top suggesting visit 41.70 before continuation the way to 48 as in weekly frame still in up trend.
UBER ShortEarning 5/2/2023 (Positive)
Open GAP and ran into Supply Zone, breakout and pullback
Short Sell 37.5
Stop 42.6 -- next supply zone
Target 30, 24
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
$UBER Analysis, Key Levels & TargetsNYSE:UBER Analysis, Key Levels & Targets
37, 35, 33 stand out and I bet they all hit…
Overbought, I like the company but it’s overvalued here…
If you’re long I’d say about 40 for a Stop loss…
UBER - Rising Trend Channel [MID -TERM]🔹Strong development within a rising trend channel in the medium long term.
🔹Price surges after POSITIVE rectangle formation break through resistance 29.76.
🔹Support 37 in NEGATIVE reaction.
🔹Technically POSITIVE for the medium long term.
Chart Pattern;
🔹DT - Double Top | BEARISH | 🔴
🔹DB - Double Bottom | BULLISH | 🟢
🔹HNS - Head & Shoulder | BEARISH | 🔴
🔹REC - Rectangle | 🔵
🔹iHNS - inverse head & Shoulder | BULLISH | 🟢
Verify it first and believe later.
WavePoint ❤️
Analyzing Uber's Stock Performance and Future ProspectsUber Technologies Inc. (NYSE: UBER) has been grappling with challenges in maintaining a consistent stock price above the $45 mark. However, if Uber manages to break through this resistance level and sustain a position above $45, it sets the stage for a potential breakthrough towards the next target at $49. This stock analysis explores the implications of Uber's struggle and the significance of reaching $49.
Struggles at $45: Uber's stock price has encountered resistance around the $45 level, where selling pressure has impeded sustained upward movement. Identifying the factors contributing to this struggle provides valuable insights into Uber's market dynamics.
Market Dynamics Influencing Uber's Stock:
a. Competitive Landscape: Uber operates in a highly competitive market, facing rivals in both the traditional taxi industry and the ride-hailing sector. Intense competition can impact market share, profitability, and investor sentiment, potentially influencing the stock's performance.
b. Financial Performance: Uber's financial health, revenue growth, and profitability are critical factors affecting the stock price. Factors such as rider and driver engagement, expansion into new markets, and the success of diversification efforts can influence investor confidence.
c. Market Sentiment: Investor sentiment plays a significant role in determining stock price movements. Positive news, industry developments, and market conditions can create favorable sentiment, potentially driving the stock price higher.
Breaking Through $45: If Uber successfully breaks through the $45 resistance level, it signifies a positive shift in market sentiment and investor confidence. Breaking barriers can attract new investors, fueling further upward momentum in the stock price.
The Next Target: Reaching $49: The $49 mark becomes the next target for Uber if it surpasses $45. Achieving this milestone indicates a significant breakthrough, further solidifying investor confidence and signaling the potential for continued growth and positive market sentiment.
Key Considerations for Investors:
a. Fundamental Analysis: Assessing Uber's financials, growth strategies, and competitive positioning provides a foundation for understanding the company's potential for reaching and sustaining the $49 target.
b. Market Conditions: Considering broader market conditions, industry trends, and macroeconomic factors is essential. These factors can influence investor sentiment and impact Uber's stock price, affecting its ability to reach and surpass the next target.
c. Risk Management: Evaluating risk factors associated with Uber's operations, regulatory environment, and geopolitical events is crucial. Understanding and managing potential risks is integral to making informed investment decisions.
In conclusion, Uber's challenge in staying above $45 highlights the obstacles it faces in a competitive market. Breaking through this resistance level and targeting $49 signifies a significant breakthrough and can enhance investor confidence. However, comprehensive analysis, including fundamental evaluation and market considerations, is vital to understand the underlying dynamics and make informed decisions regarding Uber's stock.
June Gainers (UBER, account up 2.44%)14th trade in June is NYSE:UBER .
Holding period is 0 day.
Account is up 2.44%.
Total return in June is 22.48%.
$UBER - Scaling Down as a Risk and Emotional Managing MechanismJust updating this idea :)
One good idea to manage emotions and hedge against the risk of losing back our profits to the market is to scale down once a logically placed target is hit.
Pursuant to our volume profile analysis, although this market might as well keep on climbing, some bearish pressure is likely to step in at this level (is sufficient for a reversal, no one knows and it depends on the state of the general market as well).
For this reason, at this moment. the odds are not slightly imbalanced and not any longer at full force on our side, the bulls.
Take partial profits , scale down and one of 2 things happen:
1. The market moves against you and you remain relatively happy since you have already locked in some profits.
2. The market keeps on climbing and you remain relatively happy because you are still holding a long position.
REMEMBER: Drawing lines on a chart means nothing if you do not manage risk. Nothing.
Cheers,
Tenacious Tribe - Quantified Trading Strategies
UBER Long Trade Idea on Correction
Entry @ 37.63 (Near Daily Support)
SL @ 29.08 (after Recent Daily Bullish Order Block)
TP @ 46.46 (Nearest Resistance)
Risk: 1%
RRR: 1.16
UBER parabolic moveback to 2022 Jan Levels
This is making a parabolic move making simple HH and HL
have done a small projection as its quite difficult to spot a pattern in parabolic movements
with short stop loss ride the train :)
UBER Long Good to long
Good earnings
Price b/o
Tight price action and b/o
Risk management is the most important.
I am getting my thought process from CANSLIM and Mark Minervini
$UBER compared to NDX and SPXNYSE:UBER is leading the way, up 20% compared to NDX and nearly 40% to SPX on the year.
Get ready for UberUber IPO price was at 45 in May 2019. From May till now, it has plunged nearly 43% to a low of 25.86.
Not sure if Uber is out of the woods yet fundamentally, but looking at the chart, it has ended its bearish descending wedge. So, I would be initiating a small position to test it soon.
Here's a series of Uber articles for your reading pleasure :
www.straitstimes.com
Uber ,,, Pullback Uptrend
It can be a pullback to broken lewel inside an uptrend. Buying suggested after Powell speaks.
bullish day but I think longs should be cautious here 👌UBER has a history of giving back gains after big pumps, at trend resistance/pivot level resistance as well.
very dangerous to long here at cluster resistance. I'm bearish short term.. but open to change my bias if trend resistance does break. potential dip to trend support before more upside.
boost and follow for more! thanks <3 see you tomorrow with more
UBER is still bullish short-termUBER had a massive price jump yesterday after the upbeat earnings and is approaching Resistance 1 (37.50), which rejected the February 08 High. That was the last Higher High of the Channel Up pattern that started after the June 30 bottom.
We expect this trend to continue for a new Higher High at 39.00. If we get a 1D candle close above the Channel Up, then we will resume buying targeting the Resistance 2 at 42.50. If the top of the Channel Up rejects the price we will wait for our next buy on the 1D MA200 (orange trend-line) near the bottom of the Channel. Note also that if the 1D RSI gets rejected inside the red circle as the previous two Highs did, it will be an additional sell signal.
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$UBER - UpdateUpdating a previous idea:
- Back in Feb 2023, that attempted breakout, as pointed out by the red arrow, once looked like an aggressive, marubozu breakout candle.
- Back in Feb 2023, it was, as usual outlined that a hack which will save you money is to wait for the candle to close before drawing your conclusions, and subsuming the pattern into your set ups and triggers.
- The same follows for the current candle. Should it close as is ... and bear in mind that today is the first trading day of the month (my timeframe), then we have a confirmed new series of higher lows and higher highs, and hence a confirmed uptrending market, therefore a potential bullish trigger.
- Keep in mind that this market is loaded with overhead supply. Perhaps one could consider scaling down from this trade if it develops in our direction. Say half a position once/if target 1 hit and the other half one/if target 2 is hit.
Above all, remember that nobody knows the future. Reality is complex. Too complex to fit neatly within these lines, areas ... anyone's individual considerations, technical or fundamental, even if that person is a Nobel Prize laureaut, or whatosover. Therefore, the name of this game is: Risk Management. Manage risk, manage risk, manage risk ... trade small, diverisfy, cut losers short ...
Cheers,
Tenacious Tribe - Quantified, Profitable, Trading Strategies & Studies
UBER Stock Chart Fibonacci Analysis 050123Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 31/61.80%
$UBER - Bullish - Earnings Report season expected to riseNice big earnings report getting ready here with good TA indicators pointing to more upside.
UBER: Bias=Bullish, End-Year-Target=41.9, Support=29Shares of the ride-hailing company (Uber Technology) has bottomed out after broken above the two-year downward trend. Recent data shows that stock price is upward biased with a support zone between 28 and 29 mark. As long as the stock holds above 28, it is likely to reach a target of 41.9 by the end of this year.
Downside risk is the area between 23 and 27 which is 13 to 25% from current price (USD31 per share).
SUPPORT=28/29
TARGET=41.9 (BASE-CASE SCENARIO)
TIME HORIZON=DEC 23
RISK=23/27
Short the Long-term Trend I always do the same & it usually works more often than it doesn't; but thats not the point
What is important is to cut the losses & let the winners run. In a world of 50/50 probability. There are four outcomes to a trade. a big win, a big loss, a small loss and a small win. If we can eliminate the big loss; the small win/loss will even themselves out. And we are left with big wins. Here is an example of letting winners run. Although I admit I Closed full position at Profit target 1 & did not let the winner run all the way to the end. Why? a bullish market influenced me, possibly a mistake but thats fine. this is why I document my trades so I may learn along side the reader.
SET UP
. the (W) is in downtrend
. Long-term(M) in downtrend
. price correcting to Lowest High of the (W) downtrend
ODD ENHANCER
. over buying momentum into qualified (SZ) thats also the Lower High of (W) downtrend
. general market in downtrend
. Supply Zone (SZ) never been tested before
