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Uber

UBER - Still under $45 IPO PriceCheck out our previous $Uber posts for more in depth analysis. This is just your quarterly reminder that: 1. Uber is surviving the pandemic 2. Uber Eats thrived during the pandemic 3. Uber just won its appeal against the London ban 4. Uber is still below is $45 IPO price from over a year ago We're in this one overall for the long haul, but we love to swing trade here and there. $29 was a beautiful entry if you see our last Uber posts. We also liked the recent bounce off the 200 MA at $33 area. Shoot us a like and follow and we'll be back with some updates. Cheers! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on here, expressed or implied herein, are committed at your own risk, financial or otherwise.
NYSE:UBERLong
by MannyLo
1
Uber: another wave up comingThe previous price projection was bulls-eye accurate. Uber hit the $38.5 level and switched downward. i didn't close the long there -- there's really little use of having a good projection if we don't act on it, right : ) ? V.Viewer tells us the next balance point if another move up is to happen, is somewhere between the 2 red lines $34.8 to $35.6'ish -- which is also where the 30MA on a 4hr would be. the chart tells us that if UBER can successfully overcome that zone, there's a possibility of continuation up. what does the daily chart tell us? the 1D chart looks good - especially with today' action - there's bullish long term sentiment - so the winds can carry the next move forward - and the weakness in the short-term momentum is kind of declining, switching into strength conclusion: ------------- not closing the long now and will hold - will share next projection once we have a reliable formation. feel free to share thoughts if you think otherwise. ----------------------- How do i read this chart setup we look at the price action (top chart) and recent key S/R price levels, plus the insights from 3 key elements: momentum, sentiment and buy/sell pressure - the calculated short-term price momentum is shown by the UTO blue/amber line - the long term sentiment is represented by the UTO Green/Red area graph - the demand/supply pressure is expressed by the v.viewer green/red area graph - let's call these "the context" How do i trade this chart setup - the Basic rule: nothing can predict what happens tomorrow - but if no external catalysts interfere, it's *highly probable* that a price move with strong momentum that's in alignment with the broader context (sentiment and buy/sell pressure) would continue in the same direction (e.g., a breakout).
NYSE:UBERLong
by RedKTrader
2
UBER: Enters target zone - with possible upsidetoday or tomorrow we possibly hit target with UBER reaching $38 - one of the good times when projection works well .. see post from 2-3 weeks ago. there's great learning here, that even with the negative pressure across the market last week, the momentum in UBER still managed to survive. we'll hold, since we see a strong momentum that shows possible upside to cross the $40 and long term strength in the stock share your views if you have been riding this wave with me ;) and best of luck ----------------------- How do i read this chart setup we look at the price action (top chart) and recent key S/R price levels, plus the insights from 3 key elements: momentum, sentiment and buy/sell pressure - the calculated short-term price momentum is shown by the UTO blue/amber line - the long term sentiment is represented by the UTO Green/Red area graph - the demand/supply pressure is expressed by the v.viewer green/red area graph - let's call these "the context" How do i trade this chart setup - the Basic rule: nothing can predict what happens tomorrow - but if no external catalysts interfere, it's *highly probable* that a price move with strong momentum that's in alignment with the broader context (sentiment and buy/sell pressure) would continue in the same direction (e.g., a breakout).
NYSE:UBER
by RedKTrader
Uber Potential Breakout, Target $52After a March all-time low (ATL) under $20 a share, UBER took a strong bounce back to the $30 range and looks to be in a consolidation pattern. Special note: There is still much room to the downside that may need to be cleared out. However, the scale and diversity of Uber's product line and growth strategy do have potential. Should UBER post a profitable quarter, this would take off. Strategy for a price move down: Suggestion to set buy ladders at the support lines and Fibonacci retracement. Weight buy orders more heavily to the lower ranges .5 and .786, etc. Strategy for a price move up: Resistance exists around the $38-40 mark. If we see a breakout to these levels with strong volume candles, we would call this confirmation, take a big order, set our stop loss at $35, and take small profits at $50-55 while remaining in the stock. Use this strategy to further reduce your average cost. Elliot wave theory suggests that if we breakout we would be in a wave 3 of 5, which tends to be the longest breakout. Given the potential momentum for a name like UBER we would likely hold in that future scenario. Should either of the above 2 scenarios materialize, we can confirm our strategies and regroup to map out the next potential move up. It I presently give UBER a HOLD rating, with a lean to BUY if only to hold a small position to take advantage of either move. NOTE: ALWAYS TAKE A STOP LOSS IF YOU ARE TRADING A SHORT TIME RANGE WITH LIMITED FUNDS. Disclaimer: I am not a professional and am self-taught. My charts are made for my own education to improve my trading strategies over time. I am always open to feedback or being pointed in the direction of resources to up my game. Thank you!
NYSE:UBERLong
by Shadowfigure
4
UBER: update on long positionQuick update on where we are with UBER - we still hold the long position through the drop that happened earlier in August on the tail of the negative news regarding legal issues - which interrupted a possible breakout - UBER is attempting another breakout with renewed demand and bullish sentiment according to the V.Viewer and the UTO -- the UTO is also showing a positive momentum to the upside - UBER today entered the make-or-break zone - the next few days will determine if the current breakout attempt will succeed - if it does, we can look potentially at hitting the $37 to $39 range - the breakout needs to be confirmed by a "hook" - a bounce up off that resistance zone on the chart - the weekly (not shown here) is in line, showing an end of a bearish cycle and a possible start of a new bullish wave up keeping the long position open for now.
NYSE:UBERLong
by RedKTrader
2
Uber fortune tellingCan assume non-existent price data to fit patterns to current prices? If so, can we reduce our risk when we do it? Here’s one such possibility of fitting a pattern to Uber’s price based on a hypothetical ABC correction starting at about $82. I’ve aligned the pattern to the hypothetical wave C. If true, then we should buy Uber between 29.94 and 26.17. This model becomes invalid the longer that price remains under $23.48 if price drops below $23.48. Take note that if this model is valid, price could only go up from here.
NYSE:UBER
by Teklologist