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UBER trade ideas

UBER is still bullish short-termUBER had a massive price jump yesterday after the upbeat earnings and is approaching Resistance 1 (37.50), which rejected the February 08 High. That was the last Higher High of the Channel Up pattern that started after the June 30 bottom. We expect this trend to continue for a new Higher High at 39.00. If we get a 1D candle close above the Channel Up, then we will resume buying targeting the Resistance 2 at 42.50. If the top of the Channel Up rejects the price we will wait for our next buy on the 1D MA200 (orange trend-line) near the bottom of the Channel. Note also that if the 1D RSI gets rejected inside the red circle as the previous two Highs did, it will be an additional sell signal. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYSE:UBERLong
by TradingShot
$UBER - UpdateUpdating a previous idea: - Back in Feb 2023, that attempted breakout, as pointed out by the red arrow, once looked like an aggressive, marubozu breakout candle. - Back in Feb 2023, it was, as usual outlined that a hack which will save you money is to wait for the candle to close before drawing your conclusions, and subsuming the pattern into your set ups and triggers. - The same follows for the current candle. Should it close as is ... and bear in mind that today is the first trading day of the month (my timeframe), then we have a confirmed new series of higher lows and higher highs, and hence a confirmed uptrending market, therefore a potential bullish trigger. - Keep in mind that this market is loaded with overhead supply. Perhaps one could consider scaling down from this trade if it develops in our direction. Say half a position once/if target 1 hit and the other half one/if target 2 is hit. Above all, remember that nobody knows the future. Reality is complex. Too complex to fit neatly within these lines, areas ... anyone's individual considerations, technical or fundamental, even if that person is a Nobel Prize laureaut, or whatosover. Therefore, the name of this game is: Risk Management. Manage risk, manage risk, manage risk ... trade small, diverisfy, cut losers short ... Cheers, Tenacious Tribe - Quantified, Profitable, Trading Strategies & Studies
NYSE:UBERLong
by ruben_rodrigues
UBER: Bias=Bullish, End-Year-Target=41.9, Support=29Shares of the ride-hailing company (Uber Technology) has bottomed out after broken above the two-year downward trend. Recent data shows that stock price is upward biased with a support zone between 28 and 29 mark. As long as the stock holds above 28, it is likely to reach a target of 41.9 by the end of this year. Downside risk is the area between 23 and 27 which is 13 to 25% from current price (USD31 per share). SUPPORT=28/29 TARGET=41.9 (BASE-CASE SCENARIO) TIME HORIZON=DEC 23 RISK=23/27
NYSE:UBERLong
by Quantific-Solutions
Short the Long-term Trend I always do the same & it usually works more often than it doesn't; but thats not the point What is important is to cut the losses & let the winners run. In a world of 50/50 probability. There are four outcomes to a trade. a big win, a big loss, a small loss and a small win. If we can eliminate the big loss; the small win/loss will even themselves out. And we are left with big wins. Here is an example of letting winners run. Although I admit I Closed full position at Profit target 1 & did not let the winner run all the way to the end. Why? a bullish market influenced me, possibly a mistake but thats fine. this is why I document my trades so I may learn along side the reader. SET UP . the (W) is in downtrend . Long-term(M) in downtrend . price correcting to Lowest High of the (W) downtrend ODD ENHANCER . over buying momentum into qualified (SZ) thats also the Lower High of (W) downtrend . general market in downtrend . Supply Zone (SZ) never been tested before
NYSE:UBERShort
by greatful-me
UBER - Rising Trend Channel [MidTerm]- UBER is in a rising trend channel in the medium long term. - The price has reacted back after the break of the rectangle formation. - There is support around 29.76, which now indicates good buying opportunities. - The stock has broken down through support at 31.60. - RSI diverges positively against the price, which indicates a possibility for a reaction up. - The RSI curve shows a rising trend, which supports the positive trend. - The stock is overall assessed as technically slightly positive for the medium long term. *EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price Verify it first and believe later. WavePoint ❤️
NYSE:UBERLong
by wavepoint99
UBER D1 UPDATE ( TECHNICAL )For more updates, please follow my TradingView page, and if you find the content useful, kindly hit the "thumbs up" button to show your support. If you have any queries regarding trading, please feel free to send me a direct message on TradingView. Additionally, please share this content with your friends who may find it beneficial. Please note that any trading updates provided here are for educational purposes only, and it is always advisable to conduct your own research before making any investment decisions. It is important to ensure that all conditions are met before following any trade plan suggested in this update.
NYSE:UBERLong
by traderchamp_
$UBER Daily swing trader order$UBER Daily swing trader order Sell order for the day: 34.32 Buy order for the day: 28.46 ———— So this is by far one of the most effective strategies that I’ve traded ever. I used to have a very similar version and some of you may remember it from a few years back… but this just requires one buy order and one sell order every day after close… and as the market dips you’re buying and as it’s rallying you’re selling into the rally…. You don’t have to think of anything else…. Its super simple… in a way it’s a very passive swing trade strategy where you’re always buying the dip and always selling on the way up… I am not your financial advisor and feel free to follow along to see how it plays out and jump in any time. I’m tracking only a few of my positions on here and I want to see the success rate after 3 months. I know it works really well already but I want to be able to break it down and see it visually…. I’m visual like that… lol Also not that there aren’t supposed to fill same day… I have each order set to GTD, and the date is 8 weeks out…. So it just needs to fill within 8 weeks…. It is a completely market neutral strategy so lets see how it weathers and drops and rallies that might be looming in this weird market…
NYSE:UBER
by SPYder_QQQueen_Trading
1
UBER - Enjoy The Ride 🚙 Analysis #27/50Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. UBER has been stuck inside a big range between the 27.0 support and 40.0 resistance. 🏹 If we retest the green support again, we will be looking for trend-following buy setups on lower timeframes For the bulls to take over long-term , we need a weekly candle close above 40.0 resistance. Then we can expect a long-term shift in momentum from bearish to bullish. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
NYSE:UBERLong
by TheSignalyst
UBER - Where will we go next?This is the hourly chart of the UBER stock. The question is where are we going next? Classic candle pattern analysis suggest we are building a flag pattern for a leg up. The real volume trend indicator is not so sure (Indicator at the bottom of the screenshot, show a significant decline in the bullish volume. Our "Trading Zones" algo has identified some big selling levels above the flag pattern (red areas on the chart). Our hunch would be a candle pattern break into the red zones and then a sell off. For us hunches have no place in trading a profitable edge. This algo output is super high timeframe, so we will wait for lower timeframe confirmation of where to trade to ensure that we have at least a 10:1 risk reward and make money even when we are wrong - or worst case not lose money.
NYSE:UBER
by RobMinty
5
UBER MAR03 36/FEB24 38 DIAGONAL CALLBULL PULLBACK SETUP: Uber made a new swing high February 8th. Since then, it's been pulling back with lower or equal volume and the price action from yesterday triggered me to get in today. I'm going to give this a couple weeks just incase this wants to pull back some more. I'm set up for max loss risking a little under 2% of my portfolio. My target of 38 was determined viewing the hour chart and I would anticipate this getting to 38 by the start of March. However, if this gets to 38 before the 24th, I'll take off 75% of my position. Come the 24th. If we are at 38 or above it, I'll close out the entire combo. If we are below 38, I'll hold on to my 36 call until we get to 38.
NYSE:UBERLong
by MMOTA_
Will the Bears Call an Uber?Uber Technologies rallied sharply between late 2022 and early February, but it could be showing signs of exhaustion. The first pattern on today’s chart is the price action on February 8. UBER jumped on strong quarterly results but failed to hold early highs. It then swung wildly, creating a potential “hanging man” candlestick. That’s a potential reversal pattern. Next, that session’s high of $37.58 was 13 cents above its peak from March 22. The stock’s inability to remain above the old high may suggest it is still resistance. Third, the lower study includes our Moving Average Speed custom script with the 21-day exponential moving average (EMA). Friday’s close pulled the EMA lower. Notice how similar downward shifts in September and December preceded slides in the share price. Finally, the macro backdrop may not favor UBER because higher interest rates could remain a headwind for growth stocks. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
NYSE:UBER
by TradeStation
UBER Drives into a Wall of ResistanceUBER, a platform that provides ride hailing, food delivery, and package delivery as a service, started its downtrend before the major US equity indices. UBER's all-time high occurred on February 10, 2021, almost exactly two years ago. UBER proceeded to carve out lower highs and lower lows for quite some time afterwards, the very definition of a downtrend. But it has not undercut its June 2022 low yet. Since the June 2022 low, UBER has formed a series of higher swing lows and higher highs. This forms an uptrend at an intermediate level of trend. However, this uptrend could be part of a larger-degree downtrend. For example, it could be a correction at a larger degree than the prior corrective moves within a downtrend. The downtrend in UBER might be just getting started with the move from the all-time high to the June 2022 low being the first major leg down. The corrective move could be the first major retracement (with all the other bounces constituting smaller degree corrective retracements). To illustrate without getting into the nitty gritty of wave-counting (which often ends up wrong anyhow from this author's experience, which includes seeing EW experts' wave counts consistently being wrong and reworked), assume that the downward move from the all-time high to the June 2022 low is a larger-degree corrective wave A (which itself is composed of smaller subwaves within wave A that alternate between impulsive and corrective). If the downward move in UBER is a wave A (or wave W) at a larger degree of trend, then the current retracement could be a wave B (or a wave X) that retraces 38.2%, 50%, or 61.8% (or more perhaps) of the first major leg of the decline, the prior wave A in our assumptions. If this is case, a less steep downtrend line may be in the process of forming. But this is all speculation at this point. The macro environment, including rising terminal Fed Funds rates, gives a hunch that this might be the case, however. In short, UBER's upside breakout from its downtrend line may be part of a large-scale corrective retracement that sends price to new lows. This won't be clear until the retracement is more or less completed, and then the reaction lower either retraces that move or closes in on new lows. Traders don't necessarily need to know whether new lows are on the way to find levels where UBER could reverse and stall. This analysis points to UBER's price reversing soon (in several days to a couple weeks). The rally is running out of steam. The first downside target is $32 (conservative) , which may be reached by March or April 2023. Depending on how price behaves on the pullback, this post may be closed after the first target is reached. The second downside target is $27 (aggressive), and this will likely take a bit longer to reach than the conservative target, and this target is not viable unless the first target is convincingly reached and held (below). The final target would be the lows from June 2022 (most aggressive) at $19.90. The main technical-analysis points are listed below: The yellow parallel channel defines the rally off the June 2022 lows. A convincing break below the lower edge of this channel will be good confirmation that price may retest (or break) the current lows. UBER is closing in on the top of this yellow uptrend channel where it is oversold within this intermediate-term uptrend. At prior tags of this channel's upper boundary, price has reversed. However, price can overthrow a channel boundary in its final move upward at times, so be alert to that possibility. In addition to being near parallel-channel resistance, UBER has traded into the center of a major support / resistance zone (now resistance, previously support) that goes back to UBER's first days as a publicly traded company. See the blue rectangle on the Primary Chart above. This blue rectangle of support / resistance also coincides with a key Fibonacci level (purple line) shown on the Primary Chart, the .382 Fibonacci retracement at $36.76, which was reached this week along with the blue rectangle. The Fibonacci / measured-move projection of 1.00 (where the first move off the lows equals the second numerically) lies at the blue 1.00 line at $39.58. This seems like a good spot for UBER to reverse. This area is highlighted with the larger teal-blue circle. Next is the Fibonacci 50% retracement of UBER's bear market at $41.97. Sometimes, when a move exhausts, an asset's price does a "throwover" above the top of a parallel channel. This is where price pushes to an extreme, often above the level of a return line—the parallel channel's top line. This is why it's never wise to do a YOLO play throwing all your chips in with leverage at one spot that seems like a reasonable reversal area. Throwovers and whipsaws occur. Markets surprise and inflict pain constantly. But the more precise the entry, and the more well-defined the risk, the better the approach. The last level to watch for a reversal, though it seems unlikely in this macro environment to be reached, is the .618 retracement of the entire downtrend. This level equals $47.18 and coincides with another Fibonacci level (1.272) at $45.91. SquishTrade expects a reversal soon. Whether UBER reaches new lows, or simply retraces to the lower boundary of its parallel channel, remains unknown. No bold predictions in that regard. However, price could do a couple different things on this pullback. It could retest lows or it could bounce off the lower edge of the parallel channel, which is an uptrend line (yellow parallel channels' lower uptrend line). See Supplementary Chart A below. Log-linear regression channel supports a downward bias here. See Supplementary Chart B below. But short traders may want to avoid shorting until price confirms the downside move. There are many ways to look for confirmation. One way might be to avoid shorting until price breaks back below the anchored VWAP from the all-time high. Another approach might be to look for a break back below a key support / resistance level on a daily close. There are many other approaches technicians and traders can use. Two of DeMark's indicators are approaching exhaustion on daily and intraday charts. Weekly charts require a few more weeks of higher highs before weekly exhaustion can be obtained, but that might not fully play out if price reverses at key technical levels before several more weekly up closes. Supplementary Chart A Hypothetical price paths illustrating that price could bounce off parallel channel's support and continue its corrective rally, or it could break that uptrend and head to new lows Supplementary Chart B ________________________________________ Author's Comment: Thank you for reviewing this post and considering its charts and analysis. The author welcomes comments, discussion and debate (respectfully presented) in the comment section. Shared charts are especially helpful to support any opposing or alternative view. This article is intended to present an unbiased, technical view of the security or tradable risk asset discussed. Please note further that this technical-analysis viewpoint is short-term in nature. This is not a trade recommendation but a technical-analysis overview and commentary with levels to watch for the near term. This technical-analysis viewpoint could change at a moment's notice should price move beyond a level of invalidation. Further, proper risk-management techniques are vital to trading success. And countertrend or mean-reversion trading, e.g., trading a rally in a bear market, is lower probability and is tricky and challenging even for the most experienced traders. DISCLAIMER: This post contains commentary published solely for educational and informational purposes. This post's content (and any content available through links in this post) and its views do not constitute financial advice or an investment or trading recommendation, and they do not account for readers' personal financial circumstances, or their investing or trading objectives, time frame, and risk tolerance. Readers should perform their own due diligence, and consult a qualified financial adviser or other investment / financial professional before entering any trade, investment or other transaction.
NYSE:UBER
by SquishTrade
7