LongPrice @ 1 month FVG/support. Price dropped due Waymo selfless auto drive taxi coming in Miami. Expecting price to rebound.
UT8 trade ideas
UBER’S MOONSHOT: $90 IS JUST THE BEGINNING!Uber is the ultimate growth machine, and the market hasn’t even caught on yet. Profits are surging, revenues are smashing records, and the global gig economy is Uber’s playground. This stock isn’t just undervalued—it’s explosively mispriced.
$90? That’s the warm-up. Triple digits are on the horizon as Uber redefines what it means to dominate. This is your chance to ride the wave before the crowd catches up.
Get ready, because Uber isn’t stopping. The moon? Too close. We’re aiming for the stars! 🌕🚀💎
UBER potential very strong new additionUBER is at an extremely attractive setup here. We have hit a multi month trend line again, with a strong pullback to the golden fib. This company keeps growing in all important metrics. There is FUD with waymo and tesla. What people dont realize is waymo has a partnership with Uber already, and move is also partially owned by Uber. Uber provides over 8 billion rides per year, their network effect and aggregation is extremely valuable.
"In a digital network, value flows to the aggregator". Uber is the demand, many people cannot afford cars, people in cities prefer this product. Uber also has several company partnerships for longer term assistance. Uber is expanding in Latin America and Asia pacific. Gross bookings, total trips, and revenue continue to climb. This company will be a cash flowing machine once they turn on the switch. I am a very strong buyer here fundamentally, and TA wise.
My target is well over 100$ on the yearly
Uber Shares Drop Nearly 10%Uber Shares Drop Nearly 10%
In 2024, Uber Technologies (UBER) stock has come under significant pressure, partly due to mounting competition:
→ Tesla is reportedly advancing its autonomous taxi development.
→ Yesterday, Waymo (owned by Alphabet, Google’s parent company) announced plans to train its driverless taxis in Miami in 2025, aiming to launch the service in 2026.
According to Business Insider, Uber and Lyft drivers report that Waymo's autonomous taxis, already operating in Phoenix and other cities, are noticeably impacting their earnings. This seems to exemplify a scenario where humans are being replaced by robots.
What’s Next for Uber Stock?
Technical analysis of UBER's price chart shows the stock remains within a long-term upward channel (indicated in blue), but bearish signs are emerging:
→ The price spike in October to an all-time high resulted in a false breakout of resistance at $82.
→ Late October saw a large bearish gap, sending the price below $76, which then acted as resistance in November.
→ Currently, UBER shares are trading below $68, a key support level since early autumn.
This creates a downward trend on the chart (highlighted by orange lines), threatening to breach the long-term upward trajectory. However, bulls may attempt to leverage support from the lower boundary of the channel to regain momentum.
Analysts remain optimistic. According to TipRanks:
→ 34 out of 36 analysts recommend buying UBER stock.
→ The average 12-month price target for UBER is $93.26.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
$Uber - Short-Term Bullish Reversal in PlayUber has shown promising signs of a short-term bullish reversal, supported by two key technical signals:
1. Bullish MACD Crossover
The MACD line has crossed above the signal line, indicating a potential shift in momentum from bearish to bullish. This crossover often serves as an early indicator of upward price action, especially after a prolonged decline.
2. Bullish Engulfing Candle
On the price chart, Uber printed a bullish engulfing candle, a strong reversal signal. This pattern suggests buyers have regained control, overpowering recent selling pressure.
Short-Term Targets
Initial Target: $69.53
A breakout above this resistance level can attract additional buying interest.
Extended Targets: $72.00–$73.00
Sustained momentum above $69.53 could push prices toward these levels in the coming sessions.
Conclusion
Uber’s technical setup highlights a potential bullish reversal, making it an attractive opportunity for short-term traders. Keep an eye on volume for confirmation, and manage risk with stops below recent support levels.
Trade Safe! 🚀
UBER Technologies, Inc to crash 35%And that might just be the beginning of the end for UBER.
** A forecast for the months ahead **
On the above 6 day chart price action has rallied an astonishing 300% in the past 24 months. A number of reasons now exist for a bearish outlook. They include.
1) “Insider Has Just Sold Shares In Uber Technologies”
“Chief Marketing Officer and Senior Vice President of Communications & Public Policy recently netted about US$2.0m selling shares at an average price of US$72.90.”
simplywall.st
Don’t ignore insider selling.
2) Price action and RSI support breakouts.
3) Regular bearish divergence.
4) The Put/Call ratio. Calls outnumber Puts 3 to 1.
Is it possible price action continue up? Sure.
Is it probable? No.
Ww
12/5/24 - $uber - Aping on the 2027 $60 calls.12/5/24 :: VROCKSTAR :: NASDAQ:PLTR
Aping on the 2027 $60 calls.
- stock acting like the united healthcare CEO got whacked by one of their drivers and we're all about to find out. too soon?
- at 7 bn FCF generation on 143 bn EV... that's 5% yield, grows 15-20% a year (FCF gen). we're already in value territory, the question is what's the reason for this wicked wick.
is it...
A) the market AI didn't "pick" Uber today to go up?
B) something regulation related... e.g. look at TSLA today and the robo taxi narrative (btw short some TSLA today but i won't post about that one bc/ it's a hedge only)
C) something we're about to find out?
...
i'd have to put my chips on C even tho the obvious question then is "why u buy today V"? simply put, i'm doing ITM and LEAP duration. this allows me to get enough exposure to care, but allows (again) more notional flexibility to adjust this strike lower, or go larger in ST stuff if/when we do have a further wick lower and capture some money without doing this with my tail between my legs.
V
uber looking for supportThis uber dip looks very attractive to me. I outlined a few big weekly support levels. If uber finished the week above 69.50, that would be a good sign that the trend could start moving up again (correction over). If not, then i like $65 and $59 as key areas of support and good spots to add commons.
Trading JournalUber, after the massive gap up and close higher, it felt it was setting up just prior to earnings.
Longer term chart was looking good.
Bought small position prior to earnings,
it failed, sold at the open.
It felt like it was setting up again, With closing above the 21 EMA after down move.
Premarket it was gapping higher, went ahead and bought it in premarket, opened lower and just sell throughout the day. Closed position on same day.
AVOID stocks that are broken,
TRY TO buy at the right price and not the lowest price
Bullish on uberStrong name. Every time it dipped below 34-50 ema price has recovered. Can wait for small pull back or start small position and add slowly. Weekly timeframe looks good but there can be small pull back on daily time frame since it is hitting against resistance. Can use pull back as opportunities.
$UBER: OUTLOOK NYSE:UBER : OUTLOOK
Uber just broke out from a TRENDLINE and is bouncing off SUPPORT. 📈
Great entry if it holds the $71.30 level!
👉 LIKE & FOLLOW for more updates!
UBER to $77MODs have suggested that I provide more detail about the picks I make.
Sorry. I'm not as verbose as y'all, and I don't like things to be complicated.
My trading plan is very simple.
I buy or sell at top & bottom of parallel channels.
I confirm when price hits Fibonacci levels.
So...
Here's why I'm picking this symbol to do the thing.
Price at or near bottom channels (period 100 52 39 & 26)
Stochastic Momentum Index (SMI) at oversold level
VBSM is spiked negative
Price at or near Fibonacci level
In at $68
Target is $77.50 or channel top
Stop loss is $66
UBER long Trade gone wrong but Stop trigger saved meThe Setup
UBER long-term(M) is in month (M) uptrend. Price made a Higher High (HH) recently. Current chart (W) is correcting into a Demand Zone (DZ) this zone is also the Higher Low of the Weekly (W) uptrend.
ODD (Trade) Enhancers
The more odd enhancers the more the odds are in my favour. I hate calling them odds as if they bubble up to the surface randomly. They have their reasons that are beyond my technical trading style, in the end those are trade enhancers yielding more confidence to a trade.
The long-term (M) is in long standing uptrend
The Current chart (W) on the left is correcting into a fresh DZ
Using the trade chart (D) to time my enter & my STOP loss
room for the profit to run, if trade goes my way
The trade
The Long (LNG) trade was open in the DZ, the price hovered in the DZ, closing below the DZ. Trigger stop initiated.
Possible Redistribution in UBER..!What is Wykoff Distribution Analysis?
Wykoff Distribution Analysis is a technical methodology developed by Richard Wyckoff in the early 20th century. It focuses on studying the distribution of trading volume and price action to identify potential support, resistance, and accumulation/distribution phases in a market.
The key principles of Wykoff Distribution Analysis are:
Volume Precedes Price: Trading volume changes often precede price direction changes. Analyzing volume patterns can provide clues about the underlying forces driving the market.
Climactic Events: Climactic volume spikes, either up or down, often mark important turning points in a trend. These are seen as "distribution" or "accumulation" events.
Phases of Activity: Markets tend to go through identifiable phases, such as:
Accumulation: A period of consolidation and gradual price increase on lighter volume.
Mark-Up: A strong uptrend phase on increasing volume.
Distribution: A period of consolidation and gradual price decrease on lighter volume.
Mark-Down: A strong downtrend phase on increasing volume.
Composite Operator: Wyckoff theorized the existence of a "Composite Operator" - a single, dominant entity (or group of entities) that controls the market's overall direction.
Applying Wykoff Analysis to Redistribution
Wykoff Distribution Analysis can be particularly useful for identifying potential redistribution phases in a market. Redistribution occurs when the "smart money" sells to the "dumb money" at the end of an uptrend. Some key signs of redistribution include:
Decreasing volume on up days, increasing volume on down days
Climactic volume spikes at market highs
A series of higher highs and lower lows form a distribution pattern
Divergences between price and momentum indicators
By identifying these distribution patterns, traders can look to enter short positions or reduce long exposure as the market transitions from an uptrend to a downtrend phase.
UBER Long term bullish on Uber but looking weak --- Here is why Uber chart from a macro perspective is this a good buy? what indicators to use and what time frames to use for it.
I cover all on the video and I use confluence of indicators channels fib extensions and of course volume and price action to help me determine high probability plays.
Enjoy ! comment if you find it helpful
Possible Recovery for UberThere is a long wick candle forming around the golden zone on the Fibonacci level on the weekly chart. If this formation is complete it may signal the start of reversal. But caution the candle did not close yet and let us wait for other confluences.
UBER Technologies Options Ahead of EarningsIf you haven`t bought UBER before this major breakout:
Now analyzing the options chain and the chart patterns of UBER Technologies prior to the earnings report this week,
I would consider purchasing the 76usd strike price Puts with
an expiration date of 2024-11-15,
for a premium of approximately $2.75.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
11/5/24 - $uber - What's not to like, buying <$75 11/5/24 :: VROCKSTAR :: NYSE:UBER
What's not to like, buying <$75
- cash heavy portfolio looking for some high quality "into-year-end" plays where i can leverage the book with calls in order to keep a. cash heavy for real dips and b. where i think there will be a lot to do, so i want to remain nimble
- NYSE:UBER seems to check a lot of boxes. sales growth mid teens with fairly high visibility, "check". platform that doesn't have much competition "check". expanding margins "check". valuation reasonable at low 20s PE (so PEG is ~1.2-1.3x ish) "check". just beat earnings "check".
- name seems to have a perma-bid for good reasons. i'm getting busy with the jan 17 2025 65C's which offer me some healthy 6x leverage.
- plan is monetize 1/3 of the stake if DJT results in a further squeeze tmr... figure out what to do with the rest. but i think we'll be at 100 by next year. so i'm genuinely eyeing the jan 2027s and ironically hoping for a dip where i can get busy with bigger size and longer duration.
what do u think?
V
$UBER Trade ideaUBER big Sell-off after earnings made huge GAP above. Now consolidating and forming nice wedge with Higher lows and lower highs. Could play either side.
CAUTION: careful trading this week with Elections and tons of data coming out, interest rates and FOMC meeting.
Uber needs to put on the brakes before it crashesKey support level to watch is $70.97 this week. If it fails there are 2 levels to watch:
-$62.63
-$49.53
UBER earnings playUBER trading at a major trend line here for earnings which makes for a big move. Its looking like a clear miss and I think we head down to $70
UBER: Week of October 28th, 2024Just sharing my thoughts on UBER. It popped up on my screener and I am actually planning to try this trade out!
Not advice, just opinions.
Safe trades everyone and enjoy the rest of your weekend!
