UBER Long & Short Side Set UpsIn this update we review the recent price action in UBER and identify the next high probability trading opportunities and price objectives to target.
1UBER trade ideas
will the trend channel hold or break? lets wait and seeUBER in this little trend channel, if it doesn't break trend support it can rally to 39.08-44.24
a break below trend support will send it to 32.74-29.78
UBER is bullish after breaking 4 month trend lineUBER is breaking RSI resistance trend line. The trend line was strong and formed in September 2021 with the length of 124 daily candles. After getting confirmation, the price can reach $45.0 after a long downside trend.
will UBER finally drive through trend resistance? ;) saw a perfect bounce off trend support! congrats to longs that added there :)
with a bullish SPY I predict we could finally see trend resistance breakout! Targets are 38.42-43.49-48.57
UBER upsideupside targets for uber, not the best business model, theyre bleeding money, i doubt theyll overcome that. but if momentum pushes these are target areas
UBER: Weekly Morning Star Doji Within a Falling WedgeUber right now is at the bottom half of a Falling Wedge and has printed a Weekly Bullish Engulfing Candle against a Morning Star Doji at a Horizontal Support and at RSI Support and looks like it's preparing to begin a new major move back up from here.
Recap: 3/16 UBERStrat play 3/18 31c
Setup: 2-1-2 bullish
Actual gain: Did not play, couldn't get in
Theoretical gain: 0.62 -> 1.12
Fed FOMC today, get out before 11EST. Real gain much higher than 1.12 but that was at target level.
UBER soon bullishCorrection to (2) soon over and a strong (3) bull run expected
Missing the final 5 lower before starting
Divergence building up as well
61.8 fib retracement reached
$UBER with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $UBER after a Positive over reaction following its earnings release placing the stock in drift B.
UBERAbove the yellow line, the targets are above in the chart below it. The target is below, and the most important thing is not to break the area below by closing a day candle
UBER Could Test $36 Soon If The Price Will Hold Above $32Uber Technologies, Inc. (Uber) is AN American mobility as service provider. It is based in San Francisco with operations in approximately 72 countries and 10,500 cities.
Its services include:
ride-hailing,
food delivery (Uber Eats and Postmates),
package delivery,
couriers,
freight transportation,
electric bicycle and motorized scooter rental via a partnership with Lime,
ferry transport in partnership with local operators.
Uber does not own any vehicles; instead, it receives a commission from each booking. Fares are quoted to the customer in advance but vary using a dynamic pricing model based on the local supply and demand at the time of the booking.
Technical Analysis:
UBER could test $ 36 soon if the price will stay above $ 32 over the next week.
This is necessary because 32 is a small resistance area that can be major support
if the price should manage to break through it in the coming days.
This bullish volume will help UBER to increase up to $36 in the coming weeks.
Thank you and Good Luck!
Bearish Trend for Uber6 week accumulation and a large range expansion last week, 23.98% drop anticipated based on the range withing the accumulation. I bought $31 strike puts, apr 8 expiration.
$UBER - How do you see it playing out?Uber has been in a down trend channel and currently trading at the lower trend line of the channel. The question is will it bounce from here or will it break below the lower trend line?
Per fib extension, $31.72 area could be a support. However, a better support would be $28.58 (the yellow line). If the price breaks down to $28.58, it would mean the price has broken below the channel. It's extremely bearish.
But if we look at the history, the area has acted as support multiple times in the past.
A bull might bet that the price will bounce from 31.72 area and head towards $37.67 with a tight stop loss at $31.
A safer entry would be around $28.58 again with a tight stop loss at $26.
It's hard to trade in the current headline driven environment.
How would you play?
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How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines show support and resistance areas.
- Fib lines also show support and resistance areas.
- The dotted white lines show the price projection for breakout or breakdown target.
Disclaimer: Not investment advice.
Uber ---Weekly framethe description is in the chart itself....thank you Trading View for letting the audience get a detailed description
UBER - Active pattern is still pushing price down
Downward push from the key supply levels is relentless. despite good ER, rejected VWMA and down to the recent low.
I H&S pattern is emerging on the daily, if it loses 34 again, 29 is next.
short is still the path of least resistance, but I'd be vigilant if I was too deep. 34 holds and it bases above for a bit, test of VWMA around 40 and the breakout is on the cards.
neat falling wedge makes this a very attractive pattern.
UBER - $30If you've followed our previous charts on Uber they've been spot on. We're looking to buy back in at the $30 levels using dollar cost average method.
Cheers!
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 Uber is looking like it could double up over the next year back to its ath. The previous cup had finished and burst out without forming any immediate handle, now we’ve had the slight market correction, it’s retraced back to the typical handle fib levels suggesting a breakout of this downwards channel ( handle) is soon.
Uber Technologies: downtrend on the wayAlthough it's true investors are buying around these levels, the price keeps falling around the downtrend channel. Good buying opportunities are found on the lower part of the channel. It's a good opportunity for a buy-and-hold strategy, but the incoming FED intervention on interest rates hikes could pose a tremendous risk on the short term in all stocks, so care with volume. In terms of fundamentals, Uber has improved a lot and reduced losses considerably, financial and operational results were positive this last Q, way better than those of 2020. The best strategy is to buy the dip. So analyze the financial results of 2021, compare it to 2019 and 2020 and place your bets! I'm pretty sure this one is gonna perform really well in the coming years, but it's all about timing. If indices fall, we will find a great opportunity on this one!
Uber projection (amateur)Well , firstly i believe Uber is highly undervalued and believe it has high potential upside post q4 eanings and after CFO stated Uber is looking at $5 billion in. profits by 2024 .
furthermore , Uber settled a lawsuit over some google secrets which were being traded in regards to self driving car , this is me putting my 2 cents and ignoring tehcnical analysis but i remember uber raised the cost of delivery and rides because they were offering at a loss because they couldn't afford to pay all their drivers , what would make most sense is a fleet of driverless rideshare and delivery and i wouldnt doubt the lengths uber would go to get its hands on some intel on autonomous vehicle engineering as this would push ubers potential and opportunities for expansion limitless and be able to retin up to 40A% more profits
back to brains , uber and lyft both show high booking reports going into 2022 displaying a high demand for mobility and as pandemic fears and mask mandates are being pushed aside , travel and need for mobility and travel will rise offering higher profitability for both rideshare companies this coming year but more towards uber as it offers food delivery .
perfect rejection off resistance this week!🦉uber reached the top trendline resistance target i mentioned in my last analysis, congrats to longs that secured gains!
my next target is 32.86 now, lets see if it hits :D
💘 like and follow for more!
Missed the UBER IPO? You can buy it for less nowUBER Q4 report:
earnings of 44 cents per share VS expected -33 cents
$5.78 billion VS $5.39 billion expected.
Q4 Gross Bookings outpaced expectations
Delivery and Trips came up a tad short estimates.
Freight $1.08 billion VS $807.8 million expected.
My price target for this quarter is the IPO price, $45.
Looking forward to read your opinion about it.
