Pandemic SellSupport and resistance areas on chart.
I highly doubt Uber can be profitable until the pandemic is over.
We may even see lower lows, but it's too early to tell.
Trade safe & don't forget to use stoploss orders to mitigate risk.
1UBER trade ideas
Uber Short-Term Technical Analysis Price Target $20NYSE:UBER Technical Analysis short-term (next two weeks) will see $20 range. Huge drop will be in the game!
I did technical analyze based on market moves as a consequence NYSE:UBER is extremely bearish and stock will be down low $20.
Please share your thoughts on NYSE:UBER
Best,
UBER 10-11$ targetAlmost the entire world is on lock down and Uber is valued where it was in December 2019 pre Corona crisis, which is ridiculous. The stock market melt up is most likely done for wave 4 and will soon begin the final bloodbath of wave 5.
Don't take this as financial advice, as the FED is pumping trillions into these markets. Anything is possible and all my forecasts/predictions are based on humility. Always do your own research.
Uber Bullish ScalpBuy signal from the bot
Bullish Index
Natural FA
Looking for a short term scalp.
30-day hold
$UBER headed higher starting now$UBER completed the (B) wave (lilac B) of a simple zig-zag correction (3-3-5); now it is heading up to the red box to complete the lilac C. The lilac C will be structured as a 5-wave impulsive move to the upside. After that lilac C completes $UBER should target new lows.
UBER buying opportunityAs positive mood returned, waiting for the break of resistance to buy more. Careful with Easter holidays as we could see some swings.
Similar patterns in many stocks as investors jump on the wagon.
Please leave a like and share your thoughts on UBER!
Good Luck and Stay Healthy!
Inverse Cup and Handle on Uber Daily chartThere seems to be an inverse cup and handle on the daily card. A bearish flag.
UBER about to take a ride.Support held ✅
Confirmation of reversal✅
Now the question is where wil she land🤨🤔
LOW and UBER bearish swing tradeLOW and UBER have interesting daily, weekly charts showing weakness. If the market is aligned and continues to go down then LOW and UBER might be a good short depending on the price action and how the SPY is doing.
UBER - ShortShorting the most recent pump in the S&P. My view is that we have yet to see the lows in the market as many states and countries extend the Stay-At-Home orders.
More downside to UBER:
1. Fewer requested rides going forward until the virus gets under control.
2. Virus has now infected 1M individuals globally and the U.S. does not expect the apex to occur until the end of April.
3. Competition from other food delivery options.
Looking at the indicators, both the RSI and MACD are beginning to turn.
$UBER can fall in the next daysContextual immersion trading strategy idea.
The demand for UBER's shares looks lower than the supply.
Due to the spread of COVID-19, the demand for the company's services fell.
This and other conditions can continue to cause a fall in the share price in the next days.
So I opened a short position again from $23,45;
Information about stop-loss and 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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Short positionUber failed to across the resistance-line $28.30, I’m taking a short position and sit limit to cover at $16.80 there is more downside to come for this particular stock.
