LTFT breaks out over lower VWAP bands LONGLYFT on a 15 minute chart hit a high pivot about 3/20 and then fell until April 4 where a low
pivot reversal occurred. VWAP lines and a volume profile serve to support a bullish bias.
LYFT will likely rise to the Fibonacci level on the chart confluent with the mean anchored VWAP
or the zone of 19.25. If there is enough momentum passing through that high volume, liquidity
and volatility zone it could continue and push into the 20 level. I will take a long trade here
also noting the TSLA news regarding RoboTaxi has potential relevance. It is not beyond the
realm of possibilities that a partnership between TSLA and LYFT and or UBER comes on the
scene. This would provide a further catalyst of fundamental support for LTST's market cap.
Rideshare
Moments Away from a MoveThe chart is pointing to a strong move in the short term. The way oversold RSI gives it a good chance to go up. But sometimes the price goes down when the RSI goes up. Good one to watch in the short-term.
Lyft: You Gotta Know When to Fold'EmBear Market for Lyft started on November 26, 2021. How do I know? I simply look at the chart. If you heed my advice and exited at that time, you would have lost 50% less than if you exited today.
Trust the charts!
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How to understand price action.
It is very easy to read price action if you have a reference point. These support/resistance lines are there to help you read where the buyers and sellers are likely to make a stand.
You can also think of these indicators as moving pivot points .
MasterChartsTrading Price Action Indicators show good price levels to enter or exit a trade.
The Blue indicator line serves as a Bullish Trend setter.
If your instrument closes above the Blue line, we think about going Long (buying).
For commodities and Forex, when your trading instrument closes below the Red line, we think about Shorting (selling).
For Stocks, I prefer to use the Yellow line as my Bearish Trend setter (on Daily charts ). A stock has to close below the Yellow line first, then rally towards the Red line and top out there. This is where I would short it.
KYN Capital Group - 1000% Growth Over The Next 15 Months?I've had my eye on KYN Capital Group for a number of months now and after conducting research (outside of a chart), I am very well pleased with the developments of the company. Though it holds little value now from a per stock perspective, Elliott Wave Theory gives indication that this stock could in fact grow 1000% of the next 15 months (more like 12).
Undergoing recent rebranding efforts and a manifested focus on product delivery, there's big things underway for KYN Capital Group. Consider me an ecstatic investor given the opportunity to invest in this stock at only $0.01. My target price is no less than $0.90 but $1.00 sounds better.
Hoag's 80% Value Play-Election "sell the news" (Short)Hoag's 80% Value Play
(Election Day Short-SELL THE NEWS)
Uber looks Toppy, Multiple Potential Dbl Tops
(Unconfirmed)
Reasons for Trade:
1. Have retraced to areas of .618-.786, and to + .786
of its range from IPO high and most recent high, respectively
2.At volume high rn, break back into value, and held for 2 consecutive 30m candles,
suggests price will revisit value low 80% of time. VL is at reload long levels
3. MACD internals Looking weak.
4. Was recently oversold, and is hovering near OS
5. Significantly decreasing buy volume impetus, very telling.
RR 4.22:1
Enter trade at confirmation of M top, at break through .786 level on downside
and acceptance into value at $35.96
Stop set at M Top* at $38.25
Move Stop to scratch at touch of value low near potential reload long levels, $26.30. If accepts into
value low, trail stops, 3 highs/Lows method.
Caveat: This is a short trade in the event of unfavorable election results where rideshare worker's rights (gig economy) is on the ballot in California. NYSE:UBER
For entertainment purposes only, not trade advice. DYOR!
LYFT BreakoutAfter our March low, we've rallied +140% off the lows and formed a huge ascending triangle. Given our bullish momentum, it's likely we continue upwards into the green zones highlighted around the $40 and $47 marks.
RSI is not oversold and has been coiling, which shows signs of momentum heating up with plenty of room of run. If we break out from here, there is a high probability we fill the liquidity void above us in the $40-$50 range. Watching this one closely.
First target: ~$40 for a 20% gain
Second target: $48 for a 50% gain.
GrubHub ($GRUB): Uber Wants To Buy This, But Do We?✨ New charts every day ✨
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Grubhub’s stock spiked today by almost 40% due to Uber’s offer to buy Grubhub. That offer is bullish, but the reality is Uber and GrubHub haven’t agreed on a price yet. It is very likely the market won’t be deciding the price based on FOMO, and instead Uber and GrubHub will decide a price based on other metrics. Since it is doubful Uber will overpay, it is prudent to look at resistance levels assuming GrubHub beings trading again.
Resources: www.cnbc.com
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1. Fractal Trend is showing a downtrend (Maroon bar color) on the 4 hour chart.
2. With this strategy, we we want to enter short on bearish order blocks plotted by Orderblock Mapping (Maroon) and bearish S/R levels plotted by Directional Bias (Maroon).
3. Since the overall trend is down, the play here is to see how tomorrows open is and consider a short if price is rejected at R1 intraday.
With this chart we potentially won’t have much time to make any play before Uber and GrubHub come to a deal and shares stop trading. The goal here is to get a quick short in before the deal goes through. Otherwise, the point of this chart is to just point out potential resistance and support levels if trading keeps up. Whatever you do, you don’t want to be paying more for GRUB than Uber does.
UBER ($UBER): Down like Gross Revenue, or Up like Eats?✨ We provide charts every day ✨
Drop a requested Ticker in the comments and we will be sure to take a look ✔️
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Uber Rides got hammered from COVID, taking a $5 billion loss, but Uber Eats saw epic growth.
While Uber says business slowly coming back now that the lockdown is gradually ending, the trend is still technically bearish and we are running up against resistance.
Given the above, we are looking for a short setup.
Resource: finance.yahoo.com
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1. Fractal Trend is signaling a downtrend (Maroon bar color) on the 4 hour chart, and that means we can take short setups with our strategy.
2. With the strategy, we are looking to open a position after a rejection from either an orderblock plotted by Orderblock Mapping or an S/R level plotted by Directional Bias.
3. R1 looks like it will act as resistance and give us a solid entry, so we are waiting for a reaction there.
4. To the downside we have a number of levels that can act as support. Any of these levels could serve as exits or take profit levels depending on the reaction there.
5. Overall we don't want to be too aggressive shorting here, Uber had a bad quarter, but betting against the stock during a recovery from COVID as people get back to using ride sharing seems like a bad idea.
6. With the last point in mind, we have a relatively tight stop above R1 and will be exiting if Fractal Trend signals a trend change. Our target is S2 instead of a lower target as that should be a major level to retest on the way back down.
In other words, we have a nice setup for a short here, but we aren't trying to short Uber to zero or anything.
UBER Technologies -undervalued Technical analysis
DI+ > DI- cross was made on December 16 . Since then, we have stayed above the 50sma.
Since the IPO lock-up (November 6th), OBV has trended upwards on higher highs; RSI is following as well.
Fundamental analysis by MorningStar Analysts
On Dec. 24 Uber announced: Travis Kalanick, Uber's co-founder, will no longer be on the board of the company at the start of 2020.
Kalanick has sold nearly 95% of his holdings in Uber since the firm’s IPO lockup expired on Nov. 6. In comparison, Uber’s other co-founder, Garrett Camp, has sold only around 12% of his Uber stock.
Kalanick being pushed out could benefit the stock in two ways :
1. Without the presence of Kalanick on the firm’s board, Uber’s reputation could improve a bit more quickly as Kalanick’s missteps, which included ignoring the company’s culture of sexual misconduct and not addressing accusations of internal racial discrimination, tainted the firm’s name and may have helped Lyft gain market share.
2. Kalanick’s continued sale of his holdings likely pressured the stock since Nov. 6. From then through today, we estimate that Kalanick’s trades on average represented around 7% of the stock’s average daily trading volume. Without such pressure, the stock could trade higher toward the firm’s $45 IPO price and possibly our $58 fair value estimate. Of course, the stock’s performance will be based mainly on the firm’s progress toward GAAP profitability, which we have projected will be in 2024.
UBER - Don't buy the dip, yet...Analyst earnings review
UBER had third-quarter earning results above the top- and bottom-line S&P Capital IQ consensus expectations.
However, we still expect losses in Uber Eats, along with more aggressive investments in ATG, to delay Uber’s first full-year adjusted EBITDA until 2022.
Analyst target: $58
Uber's IPO lock-up period over!!
Tomorrow November 6th, 2019 . Investors who got in at the IPO, can now start selling their shares.
We could see a potential drop, as it has happened with other IPO's so far.