Uber
UBER outlookPrice reached and rejected 61.8%. Now at a decisive moment. If price gets back up and breaks the resistance zone, we should see the next wave up.
Alternatively if the price breaks the 61.8% level, then potential to short to next support zone.
Please support the idea and share your thoughts on UBER!
Good Luck and Stay Healthy!
Uber - Waiting for another entry pointChecking back in with Uber this week since our last analysis. Check them out for more in depth TA & FA on those.
Quick & easy for this one:
We've had a couple of scalp plays in Uber for some nice profits. Uber has currently broekn down through support in the 4hr and the daily 200MA. We're looking now for another an entry around $27 region if we find support. If we dip below this one we will probably ladder buy all the way down to the next Fib Retracement level at $22.
Uber eats increased during the virus outbreak and Uber rides are increasing as states have opened up (even though virus cases has increased). Stock is still below IPO value. This one is a long term play to hold.
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😭 Sorry Guys... Kind Of Late On (UBER)💰 LET'S GET INTO SOME UBER ANALYSIS!💰
1️⃣ First off SMASH that LIKE BUTTON & Give us a FOLLOW for DAILY ANALYSIS! ❤❤❤
(Overall Market Sentiment) 🐻 Bearish
- Man I wish I would of had checked this one on the daily chart about a week ago. Beautiful crossover Crossover ema dots played out. No worries, let's catch the new wave!
- We are getting a red Crossover with an engulfing candle, this would good be a good short but we need to consider how close we are to support. I would rather look for the breakout on the 31.50 support to go short for most likely a 10-13% play to the next low.
- We so have one previous touch at 31.50 and rebounded but not by much! Let's see how it holds up. If it did hold and compressing with a green Crossover we will go long based off of the fact we did have that recent support.
- All 3 ema dots are firing red.
Drop your chart below in the comments section and share with us what you think will happen next! ❤❤❤
Thanks for checking out our analysis! ✌😁✌
🥇MLT | MAJOR LEAGUE TRADER
UBER trade planPrice broke the channel and retested it. Now price at converging 50 and 200 SMA. Small support at 61.8 at 31.24.
Waiting for the break lower to sell more. Potential target at 28 and further fib levels.
Please support the idea and share your thoughts on UBER!
Good Luck and Stay Healthy!
UBER - Merger updateOff the trendline "possible Bear Flag forming"- heading back to 26.65 support, 17.78% slide
Catalyst: Grub new UK buy out news. "California new ruling is a significant development in the battle between California and companies like Uber and Lyft over the employment status of drivers."
Uber reboundUber looks like a good play from the current price targets. Buying when RSI is below 30 and the price closes out below the lower bollinger bands has been helpful in identifying areas of reversal, especially in the current "buy the dip" environment. Expecting bump up to $33 early next week.
#NYSE #UBER The Bright Future Long Position Before my explanations and forecasts, why do I call Uber shares as a "Bright Future" on NYSE, let us remember some data about them!
Well!
Uber went public on May 10 with an $82.4 billion valuation, and it happened only the last year (2019), do you remember this?
Their start wasn't so impressive...
"Uber raised $8.1 billion in its offering at an IPO price of $45 a share. At a recent stock price of $41.57, the company had a market capitalization of almost $70 billion, based on the 1.677 million shares it had outstanding after completion of the offering."
If you check their just two years graph, you will see their vast loss!
BUT!!!
Here we are in 2020!
Uber is one of the promising company, because of the virus! They are recovering very fast and from the lowest price of their history (March 20 stock price 21.33 USD). Their share price is 36.59 USD, and it has powerful potential to close this massive gap at the 40.72 USD and to continue an excellent long position.
Interest regard of the company is increasing very fast, and it's a perfect chance to buy some shares and to keep them for a long term position.
I used several precise trading instruments, where you can see Fibonacci retracement and their percentage positions. As you recognize, it has already passed 35% of uptrend and will be closer to 50% and more soon.
Overall, most of the technology companies have perfect perspectives, and one of them is UBER, a very fresh and right choice for trading.
Don't hesitate to like and leave your comments below! Thanks
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.
Uber vs Lyft - Technical AnalysisUber and Lyft seem ready to go up to the price level that they had before the virus.
The Idea is to Buy Uber or Lyft, just wait the right time as Uber might start a retracement price.
It seems that there might be more margin investing in Lyft as it should go up to close the gap with Uber (Uber is moving uptrend, while Lyft is moving sideways).