UT8 trade ideas
UBER - Diamond PatternChecking back in with UBER (See our previous posts to get an idea how we've been charting this one, great calls).
Beautiful Long position if you've followed our previous call on Uber back in August. We ended up buying more in October as well. Went up around 95% on this trade and we had moved our stop loss up to around $52.00. Stop loss was triggered as we exited the Diamond Pattern at the top. A top diamond pattern usually signals a market top and reversal. The price will usually decline the length of the highest and lowest points in the diamond (see yellow dotted line). It appears price has just done that and we now got some relief after hitting the oversold in the RSI. While this Diamond Top signal usually indicates a top or reversal, we did just close above the 200MA again.
Technical Analysis:
1. BULLS: If you're still in this trade or buying in now, watch the 200MA in white. We would like to stay above this for the next week, key levels around $48 is where we would set a stop loss for this set up.
2. BEARS: You have a diamond top pattern, usually signifies a reversal. We also have a gap around the $37 area. This is where we would look for another entry point as well if we long again $37-$31 range.
Fundamentals:
Uber did just post a great earnings call and the country is picking up steam with bars and restaurants beginning to open and ramping up demands for Uber rides. We could see a decrease in Uber eats as people begin to dine out. Rides have also gotten more expensive with a demand in drivers still looming. We could see this decrease as the workforce should increase. Uber had originally planned to be profitable by the end of this year. If they can hit that mark, we can expect a surge in the stock price. Stay tuned.
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Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on here, expressed or implied herein, are committed at your own risk, financial or otherwise.
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UBER - long setup is cookingLooks like wave 4 of (C) of iv is in progress. Expect to see final push in wave 5 to complete wave (C), then strong rally in wave v to 70+ zone into year end.
Failed Channel BacktestUber gapped up (with the markets) to retest a 200-day trend channel it had recently lost, and the result was a failed test. Tomorrow will confirm an abandoned baby, a rare but powerful bearish signal. Trade is void if open is not below today's range.
$UBER Reversing that downtrend off support Long position holding nicely with a nice bounce off the 200D MA, looking to fill the gap.
UberThe bullish trendline was broken at $51.32. The daily trendline angle is at 11 degrees which is another indication that the bullish trend is loosing steam. Price looks to be testing the equilibrium price to fill a gap from May 5th 2021 before dropping to fill the price gap from Nov 4th 2020.
If price breaks the supply level at $61.36 then wait for price to retest that level to become the new support.
There is no such things as 100% wins. Always proceed with caution and conduct your own analysis.
*Not Financial advice*
UBERFor uber it is also similar to DKNG it is currently testing what was once previous support as resistance.
There is no bullish divergence.
If it fails the bearish backtest of the red line, it will possibly find support on the previous local resistance highlighted by the green bar. Set an alert there and above the red line in case it breaks upward.
DO NOT CHASE GREEN CANDLES
UBER looking UBER GOODSo many time frames showing great value in UBER combined with the fact that this is a reopening play, in my opinion UBER has fantastic potential in the following months.
DAILY
UBER is now testing a support which it has already tested 3 times and held. Currently oversold on both RSI and MFI. The combination of being oversold in BOTH MFI and RSI has been of significant value for me in finding undervalued
stocks with great upside. MACD is also below the 0 line and will look to climb back up.
WEEKLY
Currently hovering around the 43 dollar support and has retraced back to .382 fib retracement done from 34.5 takeoff to 64 top.
4 HR
Clinging onto its VPVR range between 43 to 45. Lets see if this can hold.
1 HR
Bullish divergence on MACD, RSI and MFI.
STOP LOSS AT 42.5 INCASE IT GAP FILLS BACK TO 36.5 ON DAILY. TARGET IS GAP FILL TO 50 ON DAILY AND BEYOND!
UBER (DAILY TIME FRAME) GENERAL ANALYSISUBER beat its earnings estimates however, it missed on its first quarter revenues. As a result, UBER gapped down after its earnings report and in my view is currently on a downtrend and I would operate under that assumption until it fills that gap. Conservatively speaking I'm looking for a gap filled price that closes with a daily price of about $53.
Based on everything I'm seeing I would look to short UBER when it provides some form of mean reversion at -2ATR or a more favorable -1ATR.
Looking at potential Buy opportunities I would look to the weekly time frame and I would look to start scaling in my position at -2ATR with a price of around $42.50-$41.75.
(Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this site, expressed or implied herein, are committed at your own risk, financial or otherwise.)
long term buy opportunity uber NOT financial advice
This chart show where i look for to buy , now corona is slowing down, people can go back outside and take an uber.
So the company can do it better than last year.
This is a long term holding stock from me.
i got 2 buying opportunitys for me atm so what does that mean?:
if you have 1000$ to invest:
-1 buy order i buy for +-160 dollar
-2 buy order i buy for +-320 dollar
so i got another 520$ for another buy order when it goes lower
Remember : its just my idea
Uber Technologies Inc 🧙Uber Technologies is a technology provider that matches riders with drivers, hungry people with restaurants and food delivery service providers, and shippers with carriers. The firm's on-demand technology platform could eventually be used for additional products and services, such as autonomous vehicles, delivery via drones, and Uber Elevate, which, as the firm refers to it, provides "aerial ride-sharing." Uber Technologies is headquartered in San Francisco and operates in over 63 countries with over 110 million users that order rides or foods at least once a month. Approximately 76% of its gross revenue comes from ride-sharing and 22% from food delivery.
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UBER - Buy The Dip Hi, this is my update for UBER. In the last 3 days UBER has fallen more than 20%, we have lost the SMA50 and SMA100, but I think we have now reached the bottom, since we have support level around $45.90, SMA200 (46.74) and RSI is now under 30 so that means that UBER is oversold and it is time for shorts to cover in. So be prepared and don't PANIC ;)
$UBER channel down$UBEr forming a channel down and managed to hold a critical support today. If it retests tmr and holds, then I see a run for a bit.
Tweezers Bottom on UBER?Hello Tradingview community! UBER is extremely oversold, and we have a
tweezers bottom above the support at 50.84. Also a good risk-reward trade!
Good luck!
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See you soon,
Melissa.
UBERALL experimental projectionThis idea is another experimental approach to project future movements. What I did was, taking the pricegap as reference for the golden pocket in a reversed Fibonacci retracement so a target can be projected. A bit like what the extension tool does but from another base value. That shows us that this trend could burn out around $78.80 and refuel around $36-38. I don't work with time projection so let's see how this one plays out!
*DISCLAIMER* This idea is only for the purpose of sharing ideas -> NOT investment advice,
any feedback from aspiring traders and experts are more than welcome.
Always keep in mind not to enter a trade to soon and remember to take profit along the way.
Stay safe, stay profitable & may the odds be forever in your favor ^^
$UBER can rise in the next daysContextual immersion trading strategy idea.
Uber Technologies, Inc. develops and operates proprietary technology applications.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $60.35;
stop-loss — $58.14.
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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