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ABBV Sell Vacuum - Understanding Climaxes and VacuumsABBV is selling off this week in a third leg down from the buy climax and all time high. Although it looks strong at first glance, this is more likely a sell vacuum (sell climax) than the start of a strong bear breakout. A vacuum is created when strong bulls step aside and wait for prices to reach a location they want to buy, and the strong bears continue to hold for the same price level (and some continue to sell). This creates a temporary one sided market. This sell off is likely a test the previous converging triangle, and middle of the trading range preceding the bull breakout. The bulls will look to form some sort of double bottom which could be a failed breakout below the 60 or 50 lows, or an actual double bottom. If there is a reversal up next week, it would form a parabolic wedge bull flag, bears will look to take profits and bulls will look to re-establish longs. If instead there is continued selling and a strong breakout below the 50 low, the bears will likely get a test of the opening tight trading range around 40. If you found this helpful please like! Feel free to comment or ask questions.
NYSE:ABBV
by tradersmentality
The Famous IPO Cycle. $UBER $LYFT $FB $SNAP // Uber overvalued?The Famous IPO Cycle. $UBER $LYFT $FB $SNAP The Famous IPO Cycle. $UBER $LYFT $FB $SNAP $UBER In 2018, Dara Khosrowshahi's first full year as Uber's CEO, the company narrowed losses and continued to grow revenue, though at a slower pace than in the previous year. According to the private company's self-reported financials, full-year revenue for 2018 was $11.3 billion, up 43 percent year over year. Gross bookings, or the amount collected before payouts to drivers, grew to $50 billion for the year, up 45 percent from the prior year. Its adjusted losses decreased 15 percent in 2018 to $1.8 billion, down from $2.2 billion in 2017. The figure excludes the company's sale of its Russia and Southeast Asia businesses. Including those two sales to Yandex and Grab, respectively, Uber actually saw GAAP losses of $370 million. GAAP losses in 2017 were $4.5 billion. So while the growth rate is strong by most standards, Uber's growth decelerated over 2018. On a quarterly basis, Uber continues to report heavy losses and slowing growth. Uber's revenue for the fourth quarter came in at $3 billion, up 25 percent from the same quarter last year, lower than the 38 percent it grew in Q3. While that's not viable for most public companies, Uber is expected to go public this year with a rumored valuation of over $120 billion, and investors will have to decide if Uber's slowing growth warrants that valuation. In the fourth quarter of 2018, Uber also reported an adjusted loss of $768 million. A $358 million benefit from income taxes cut down what would have been a more than $840 million adjusted loss. Gross bookings for Q4 came in at $14.2 billion, up 37 percent from the same quarter a year prior. It's the highest it has ever been, the company told investors. In the lead-up to its 2019 IPO, Uber is pitching itself as a full platform for transportation and logistics, not just ride-hailing. The company hopes that moonshot projects such as Uber freight, electronic bikes, autonomous driving and its development of flying cars will help it own a piece of every trip across any vehicle. However, these segments are costly for Uber to develop, weighing on Uber's long-term profitability. Khosrowshahi took over Uber in November 2017 from founder Travis Kalanick. He inherited a company that was growing quickly but losing billions overseas and roiled by controversy and board infighting. One of his first moves was to retreat from Russia. A few months later, he sold Uber's unprofitable Southeast Asia business. He has hired a CFO and COO, and so far, appears on track to bring the company public this year. At the same time, Khosrowshahi has made big expensive bets, such as Uber's acquisition of the bike- and scooter-sharing start-up Jump, and doubling down on expanding Uber Eats. Uber now considers food delivery part of its core business, along with ride-hailing. While it didn't break out UberEats for the fourth quarter, the segment made up 17 percent of its business in Q3. Back in October, Uber said it was expanding its food-delivery business to cover 70 percent of the U.S. by the end of 2018. Uber's take rate, or the percentage of revenue Uber makes for every gross booking, declined in Q4. The company told investors that the decline is due to continued investment in new lines of business and rising competition. Uber may be spending more in the lead-up to its IPO to shore up its market share. Research firm Second Measure shows that Lyft, Uber's largest U.S. competitor, has taken 28.9 percent of the market over the last year. Lyft is also gearing up for an IPO this year, and both companies are racing to get out first. Uber and Lyft filed to go public confidentially on the same day. Uber's CFO, Nelson Chai, called 2018 the company's strongest year yet. "Q4 set another record for engagement on our platform," Chai said in a statement. "In 2018, our ride sharing business maintained category leadership in all regions we serve, Uber Freight gained exciting traction in the US, JUMP e-bikes and e-scooters are on the road in over a dozen cities, and we believe Uber Eats became the largest online food delivery business outside of China, based on gross bookings." SOURCE: CNBC
NASDAQ:LYFTShort
by void_491
Oh Snap! Going downSNAP looks bearish as fuck 4HR and my honest hope is the price holds just long enough into open that I can score some cheap 5/3 and 5/10 puts. Better yet, the price spikes slightly to 11.30 and sells off from there. Okay, so let's break it down. Bear flag, clear as day. Other notable mentions would be rising wedge, rising price on declining volume and momemtum exhausted. Also, number of watchers on Stocktwits is at 97,897 with a shit ton of posts from retail bagholders swearing the price is going back to $12 TOMORROW. LOL, sorry kids but no. You're going down. But you can buy some puts and enjoy the slide down. Say it with me! WEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEeeeeeeeeeeeeEEEEEEEEEEEEE!!! Oh, also from what I've read, this stock is a total POS and is the poster child for zombie companies. Companies that plague this stage of the business and credit cycle, propped up solely by super cheap and available capital.
NYSE:SNAPShort
by jdharward
SNAP - Dont fomo it, not yetGood evening everyone, Snapchat is being a very active stock last week and now we see why, Price went straight from 20 usd level straight to 5.00 losing 75% of its value in 10 months, now its recovering and people may rush buying it expecting new highs. Wait! As we can see 12.0 level was a previous support zone, as demarcated by green arrows and now rsi is overbough (weekly) On daily chart we can see snap is in a uptrend sure, but what about that huge volume candle spike with high on 12.02, im pretty sure it did trigger a lot of buy-stop orders on the market right? What do we have now? bearish RSI DIVERGENCE (H4 timeframe). So whats the point? Dont rush buying yet, wait for a good correction close to the yellow uptrend (h4) or our fibonacci retracement zones (weekly) and buy it cheaper, buy it IF price action show bullish behaviour on this zones (i'll update here dont worry). Too risky to go in right now, at least for my personal strategy and trading plan Like? Agree? Leave a like, thanks and have a great week.
NYSE:SNAP
by MarcelMartins