UBER Technologies $UBER#UBER is one day up and the other dat down. It is trying to hold above fib. 0.5 resistance. The volume is still low
Uber
Uber - Potential bearish pennantPennant are generally continuation Pattern. Sometimes, very rarely they work as inversion pattern
The trading idea can be to sell at the current level and get out as per below two options:
Option A - Bearish up to level 25.00
Option B - Bearish up to level 24.00
$UBER - CLEAN CLEAN CLEAN high base on the daily! Watch $29!!$UBER $29 level quick review.
xeenos trading
sending positive energy your way!!!!
$UBER (LONG)Everything on the chart.
2 scenarios
I tend more towards the long, but the entrance to the entry position is strictly from the stop!
Stop under the trend line
target area 30-31$
if we break the trend target will be below
Good luck.
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$UBER Breakout Eminent Too many positives going on for it not to break out, resistance level is a tough one, tested many times - Has to be weak by now and with more support behind the rise this time.
UBER 10-11$ targetAlmost the entire world is on lock down and Uber is valued where it was in December 2019 pre Corona crisis, which is ridiculous. The stock market melt up is most likely done for wave 4 and will soon begin the final bloodbath of wave 5.
Don't take this as financial advice, as the FED is pumping trillions into these markets. Anything is possible and all my forecasts/predictions are based on humility. Always do your own research.
UBER buying opportunityAs positive mood returned, waiting for the break of resistance to buy more. Careful with Easter holidays as we could see some swings.
Similar patterns in many stocks as investors jump on the wagon.
Please leave a like and share your thoughts on UBER!
Good Luck and Stay Healthy!
UBER - ShortShorting the most recent pump in the S&P. My view is that we have yet to see the lows in the market as many states and countries extend the Stay-At-Home orders.
More downside to UBER:
1. Fewer requested rides going forward until the virus gets under control.
2. Virus has now infected 1M individuals globally and the U.S. does not expect the apex to occur until the end of April.
3. Competition from other food delivery options.
Looking at the indicators, both the RSI and MACD are beginning to turn.
Uber puts26 Feb I bought Uber puts as the transport industry in CN was one of the key victims to the virus. US at this point had not felt the full extend of the virus and I was certain CN's economic situation was a leading indicator of what was to happen. Uber was prime also because it's generally a risky company and I expect investors to run for the hills once shit hits the fan.
Shit did hit the fan and my Uber puts expire on the 27 Mar
UBER - Pullback coming soonHello,
I made this graphic showing you the top support that when uber hit it will pullback to the bottom.
I recommend you to buy on the indicated zones.
Thanks.
UBER Oversold Bounce| Structural Resistance| .50 Fibonacci Evening Traders,
Today’s Technical Analysis will focus on UBER, with an insane oversold bounce, over 100% gain, currently testing a key resistance that will dictate the overall macro trend.
Points to consider,
- Oversold bounce still in fruition
- Structural resistance in confluence
- Stochastics projected up
- RSI hitting resistance
- Noticeable bull volume nodes
- Daily lower high likely
UBER is currently in an oversold bounce, testing a key structural resistance that is in confluence with the .50 Fibonacci level.
The stochastics is projected up, still has more stored momentum to the upside whilst the RSI is testing its resistance. It is likely to break in conjunction with the upside momentum of the stochastics.
There are noticeable bull volume nodes, driving the oversold bounce, this must sustain if structural resistance is to be broken.
Overall, in my opinion, UBER is testing a critical level on the macro timeframe. A rejection will be in favour of the bears, putting in lower high. A break and consolidation however, will increase the likelihood of testing upper level, thus changing the macro structure.
What are your thoughts?
Please leave a like and comment,
And remember,
“In order to succeed, you first have to be willing to experience failure.”
― Yvan Byeajee
UBER Falling Broadening WedgeSupport/resistance lines
1. $41.95
2. $33.96
Trend lines
1. The first main trend line begin with the IPO lunch and forms the support line for the falling wedge.
2.The second main trend line begin with the initial structure high at $47.16 and forms the resistance line for the falling wedge.
Falling Broadening Wedge
We can see the Falling Broadening Wedge forming slow with the Highest point at $47.17 and the lowest point at around $15. The resistance trend line has been touched 2 times and the support trend line has been touched 3 (4) times since the form.
In the falling broadening wedges the most usual scenario is the the price consolidation when falling in that two trend lines and in some point the price to break the resistance trend line and form a breakout.
RSI
1. 5-Period Rsi
In that period i used it to define the main swings/waves of the charts.Based on oversold-overbought areas.
2. 14-Period Rsi
In that period i used to define possible divergences.
Scenario
Good things ahead for $UBERNYSE:UBER
No one says "taxi" anymore. The brand in itself should get someone excited about being long. There is a big future ahead for Uber and I think we are definitely seeing a turn around in price. It will be over it's IPO price of $42 very soon.
UBER: Quadruple Witching Day 3/20 PutsUber rallied 38.26% merely on the CEO's call to investors today. The CEO cited that UBER has enough cash to last throughout this crisis even though no one is certain how long it will last. I'm confident this COVID-19 crisis will last through the summer and transition into a recession. Also, Uber estimates 60-70% loss of revenue since this crisis began. Uber has been bleeding cash since its IPO. It's unreasonable for UBER to surge this much right now.
So I bought 3/20 $17 Puts expiring tomorrow, which is Quadruple Witching Day. I'm hoping the volatility goes my way LOL even though many people online believe the market will rally most of the day.
Here I noticed the low volume coincided with the increase in price but because of all the volatility expected tomorrow, the price will reverse and drop...is my guess.
Bank of America ( NYSE:BAC ) declared that the U.S. economy is in a recession. They are probably the first big bank to acknowledge this. (www.cnbc.com)
Quadruple Witching: www.investopedia.com
Alex Vieira Urges SELL UBER! Short 2 Million Shares TODAY! Alex Vieira Urges SELL UBER! Short 2 Million Shares $40.91 available on the web in real-time
Uber ShortI discussed this short with a trading friend earlier. I'd add to the position if bottom support is pierced through. Bearish on market and Uber.
UBER Ascending Triangle UBER forms an Ascending Triangle Pattern with resistance at 34.24 and more high lows.
it seems that the breakout point will be, when that resistance line is broken at 34.24 around middle march (?)
