This swing trading setup displays the weekly trend holding up quite well for $UBER. The strategy here is accumulation towards weekly trend support for a swing trade to the upside towards all time highs ($87 resistance). If the breakout over $87 holds, this becomes even more appealing for that higher probability outcome of a sustained upside push. A sustained break...
Alerts set here for a sustained breakout over previous intraday high (PHOD) and $4 resistance. This parabolic move has completed 90% -> 120% so far on way higher than average volume. A sustained breakout over $4 indicates higher probability of upside continuation, presenting scalp opportunities (only if the sustained breakout occurs). A break below trend support...
Trend is holding up on the hourly chart. Hourly trend resistance at $2.22/ $2 levels. Hourly trend support above $1.50 level. A sustained breakout over trend resistance (on higher than average volume) tends to lead to higher probability outcome of upside continuation, presenting scalp opportunities. Alerts set here for that sustained breakout.