Investors were satisfied after Uber's SEO Dara Khosrowshahi announced that Uber is going to open a new area of business, package & grocery delivery. Uber eats which was dragging the company down had a net growth of 53% Confinement eased in many countries will drive the business up, Drivers were out of earnings for two months, they are motivated to start getting...
Uber has reached the high area of confluence of $28.30 which acted both as resistance and support in the past. 1) There is a MACD crossing which may mean there will be a discontinuation of the current bearish trend. 2) RSI is bellow 30 and making higher lows 3) Lower Bollinger band almost touched last Friday at market close
Elonmusk has caused a huge drop in his firm's stock, I am expecting that to go for at least Monday. 1) there is a huge engulfing bearish candlestick, which was confirmed by another big one, as prices did reach the down level of supports, candlestick didn't shrink, which confirms there is still some momentum in the down move. 2) MACD is about to cross, confirming...
Uber has reached the high erea of confluence of $28.30 which acted as resistance and support in the past. There is a MACD crossing which may mean the discontinuation of the current bearish trend RSI is bellow 30, means it's oversold Wait for it to confirm staying above that point and go long.
This one is tricky. 1) There is a big engulfing candlestick, which suggests that there will be an up movement, you could take this long position and make your profit just on the above resistance ($17.13). 2) wait to see what happens when it reaches that resistance ($17.13) : if it fails to break out, there is will be ahead and shoulder pattern suggesting a...
I am expecting Gopro to go down in the next couple of days, though continuing the downtrend 1) there is a false break out in the high area of confluence, confirmed with a large bearish candlestick 2) Price crossed the upper Bollinger band, signaling a reversal in the short uptrend 3) watch closely the RSI, as it's getting higher What I could suggest is to wait...