$UBER Performing in a Sym. Triangle - Breakout soonOn the Daily, UBER is performing a textbook symmetrical triangle and is ready for another breakout soon. Weekly levels in purple color gives us the range for starting up a trade position. MACD is giving is bullish divergences too. Measured move is included as I have placed 2 price targets. One for a little long action in between the triangle and another one soon as the price breaks out of the triangle and uses it again as a backtest on the spring/ weekly level again. important: Watch for confirmation!
Performance Rank based on Bulkowski during in a bull market: 16 out of 23
Break even failure rate: 9%
Average rise: 31%
Change after trends end: -31%
Volume trend: Downward
Throwbacks: 37%
Percentage meeting price target: 66%
Thank you!
Uber
$UBER Nest and wedge is getting very closeThe constant 1-2 1-2 1-2 waves put in on UBER scream consolidation at these levels. The current daily 8 EMA to 21 EMA crossover might be telling us that a big move is on it's way. UBER has also been getting strong order flows last few days, possibly expecting a move higher from this wedge. I have identified clear resistance levels above that UBER needs to break in order to continue a strong trend higher. I am keeping a close eye on the Stoch RSI as well since it is showing signs of an incoming pullback this week.
Holochain (HOLO) is showing fresh strength for another rise.Holochain (HOLO) ($HOT) is a disruptive project with a recent US patent #10,951,697. Is is called the Airbnb/Uber for cloud computing for good reason. It will be disruptive to web hosting giants like Endurance International Group (EIG) as well as server infrastructure like Amazon Web Services (AWS) and Google Cloud Platform (GCP).
This chart shows the Sling Shot System and Squeeze Momentum Indicators laying out a perfectly wide open uptrend for HOLO. MACD appears to be ready to whipsaw up again and the OBV is rising substantially.
If you're looking to trade HOT, you can easily create an account on the well-known and Australian government regulated exchange linked in my bio/profile, even if you're based in the US.
UBERLooks like some bad news hit Uber again with UK drivers becoming "employees" not 1099 contractors.
Also the change to reclassify the UK workers will mean that UBER will pay $300m in order to make this change & comply. I stay long and suggest buying between the levels I marked off. The CEO Dara Khosrowshahi has said that UBER eats has made this a completely different company & I can see this as well with UBER eats now disrupting food delivery plus COVID 19 restrictions.
Also Wall ST is so super bearish uber so I stay long (got to take the opposite side of that).
My theory is that the Wall St banks & funds parade their talking heads all over the MSM shit talking UBER to suppress the price & accumulate. Don't believe me I have a good example Amazon.
DYOR guys and make your own choices.
UBer Callls :)Uber broke down out of the channel and looking like it wants to break back in so your boy placed calls @march/12th$52.00 strike
why??
reopening play?? stocks not that expensive so it could appeal to more people and by that i mean a younger generation who has just started trading. so maybe they will funnel some of that new money into the company.
obvy thats not the only reason im buying but it a good short term swing trade. as a lonng term this would be a good buying point where you can scale your position into the company
LOVE YALL :) best of luck
$UBER LongRespecting support
Reversal candle
Clear bullish divergence on 1Hr chart (not visible on 1D)
Nice upside
Great company, many services
"CORONAVIRUS - PayPal Joins Uber’s Effort To Provide Transportation To US Vaccination Sites" 2/26/21
I am holding calls w/ $55 strike and 3/19/21 expiry. Gives UBER plenty of time to see $55 or >$60.
This is not advice, only my ideas. Do your own DD.
Have UBER on your portfolio of 2021Potential gain:80%
Reward/Risk:5.5
Timeframe: 6-9 months
* we may experience a pullback..!
I always try to present the charts in a simple comprehensive format to prevent any confusion.
This is just my technical view, neither a fundamental comment,nor a recommendation to trade..!
Please review my track record and calculate the odds for yourself..!
You’re likes and comments encourage me to continue this.
Stay tuned great live stream and quality content videos coming soon..!
UBER unusual options activity for $70 1/2022 - bullish long termUBER on 4H: Will UBER hit $70 before 2022?
RECENT NEWS
UBER tumbled last Friday after Britain’s top court said its drivers should be treated as “workers” rather than contractors.
TECHNICAL OBSERVATIONS
UBER has been trading within an upward channel. We are sitting at support, watch to see if we can move up here. One concern is if we pullback further, there is a gap below $55 which we may attempt to fill.
OPTIONS ACTIVITY
This week there were $40.50 Million worth of Uber calls bought. One that jumps out to me was a LEAP options $70 strike price expiring 1/21/22 because there were $37.3 Million worth of those purchased last Wednesday.
SUPPORT & RESISTANCE
Support: $58 | $55 | $53
Resistance: $60 | $63.40