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Uber

Uber Among UsMight be difficult for Uber fans to find this chart because I had to overlay Uber on a cryptocurrency chart to have the time scale include all days of the week. Target price ranges between $63 and $90, but $66 is highly probably based on wedge, EW, and Fib as shown in chart. Displayed in the chart is as follows: Wyckoff accumulation contained by a wedge having a pink top trend line and blue bottom trend line. Each of three touches to both trend lines is indicated by a pink or blue vertical line as appropriate. The green vertical line indicates when price high confirmed breakout above the wedge. Note: price close and low has yet to confirm breakout. Therefore, one could argue that Uber remains in accumulation. Elliott Wave leading diagonal wave 1 - bound by the orange channel, wave 2 - bound by the purple triangle, and part of a wave 3 that will likely be extended. So far, a lesser degree wave 1 and 2 have ended as well as a further lesser degree wave 1 and 2, indicated by the gold vertical line. Fibonacci levels based on price at beginning and end of wave 1 (13.71 and 38.78) Feel free to follow, like, and even donate TV cash!
BITSTAMP:XRPUSDLong
by Teklologist
Uber: Trick or TreatDon’t fall for Uber’s trick, instead play nice and wait for it’s Treat. Yesterday, Uber didn’t gain like most of the market did. Instead, Uber faked a close under 20 DMA but bounced upwards right at close. That bounce coincides with a long term trend line that had been acting as resistance but now appears to act as support. The pink vertical lines indicate bounces off the trend line by a high, low, open, or close price. If the trend line is valid support, then price could rally, slowly or quickly, to an ideal technical target price of $66. However, a more practical target price is closer to $54. Like, follow, and let’s see what happens.
NYSE:UBERLong
by Teklologist
44
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