1UBER trade ideas
Uber in the short termHonestly I don't understand why would Uber rise up during Covid-19, when almost nobody is taking Uber rides. But, whatever. I think Uber has the potential to touch 39 or 40 in the relatively short term, as the wedge from the chart shown. I won't buy Uber now(it's really overvalued IMO), and I would patiently wait until 39/40 to get puts. 2I will purchase with 20% of the money I prepared for Uber if it hits 39, and 40% if it hits 40.
Uber in rising wedge and meeting resistanceAnything above 34 dollars is a gift to short at. I will keep adding if it goes above. I have some calls for a hedge. Good Luck. This is just advice, make your own trades.
Uber between TrendlinesHi,
This is my first shared Idea and I would like as much feedback as possible,
After the big fall, there are a lot of opportunities going on these months (talking about trading).
As I am new to this (a little bit more than half a year studying), I just used the Analysis methods that I am more comfortable about,
1.- Log Scale, not for all charts, but it seems to be pretty good at NYSE:UBER
2.- Trend lines
3.- Support and resistance levels, using volume profile
4.- Channel (as an extension of the trend lines )
5.- Internal Trend lines
There are plenty opportunities going on these weeks while bouncing between trendlines , but I am only trading long when one of the support trend lines is confirmed.
Thanks,
RERS
$UBER Adding to short as it climbs The Grub Hub Merger / Acquisition , whatever it is , will be good long term, but short-term dont see it helping for 6-8 month at min. Rather be short the name then long here .
sell call spreads over 36 past June expiration ...
1D UBER SHORTUber is a company that makes no money and has tough competition.
Technically it is downtrending on the weekly. No reason to believe it will do anything other than that in the coming weeks.
#UBER 32.69 Is Still Acting As Resistance (Pattern Completion)Trader, UBER completed this pattern at 32.69 and it did a fake breakout to the upside but then settled down under 32.69. It has been trying but so far the level has been acting as great resistance for it. Having said that, it still has potential to go up to 35.31. Lets see how it plays out.
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Have a great trading week!
P.S. (This is for education only. Not a financial advice or signal.)
IT'S TIME TO CONTINUE LONGING $UBERContextual immersion trading strategy idea.
Uber Technologies, Inc. develops and operates proprietary technology applications primarily in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific.
The share price rose after good earnings. I see some preconditions the share price will continue growing.
The demand for shares of the company still looks higher than the supply.
These and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $32,62;
stop-loss — $30,41.
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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UBER Retest/remountUBER previously broke out on news, since its pulled back to support. Today it remounted and looks like its going to make another push to $36 range. Grubhub takeover news
UBER Grubbin and GrowthUBER is potentially buying GRUB HUB!
We'll see if this pans out but short term Bull market to about $35.
#UBER Has Completed A Pattern And Has Started To Move Down A BitTraders, UBER has started to move down a bit as it has completed a pattern just around cluster of moving averages too.
