Uber
UBER 21 EMA Break | Bearish Divergence| Corona Virus Hello Traders!
Today’s update will be on UBER, confirming a bearish divergence as the whole stock market tanks in response to recent developments on the corona virus.
Points to consider,
- Failure of higher high
- Critical 21 EMA broken
- Structural support in confluence with .50 Fibonacci
- RSI confirming bearish divergence
- Stochastics projected downwards
- Volume trading at average
UBER has put in consecutive higher lows with a recent failure of a higher high signalling weakness in the bulls. An important EMA (21), broke, a daily close below this level will increase the bearish projection.
Structural support is critical as this area is in confluence with the .50 Fibonacci, buyers are likely to step in if UBER retraces thus far.
The RSI confirmed the bearish divergence by putting in lower highs whilst the price put in higher lows. Stochastics on the other hand is projected downwards with lots of stored momentum.
Volume is trading at average, signalling that pressure from both buyers and seller is evident.
Overall, in my opinion, a confirmed close on the daily will increase bearish projection as the corona virus uncertainty takes its toll on the markets.
A retracement to structural support will be likely if the outbreak worsens
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
LYFT Testing Final Support LevelTrade Background:
Price plummeted sharply after Q4 earning due to poor guidance to profitability. Now price has once gain for the third time return to test final support level of the trend. If price fails to break lower, look for a swing to the upside.
Trade Idea:
Entry: 44.50 to 46.00
Stop loss: 43.00
$UBER ascending trianglePrice is clearly following the blue trend line and is nicely going back to retest resistance at $41.5 forming and ascending triangle. That happened few times before and each time price shoot up after breaking resistance. Target is above 43$ short term before a pull back to the 50 MA.
Lyft Bounce PlayLyft just had ER a few days ago, it was overall positive. With their chase sapphire partnership, I think it's going to be a huge opportunity for them. I am sure one of these days, if a analyst puts those two and two together, they are going to upgrade the stock and it's going to run.
"Lyft Sees Q1 Sales $1.055B-$1.06B vs $1.05B Estimate; FY20 Sales $4.575B-$4.65B vs $4.59B Est."
Lyft Q4 Active Riders ~18.586M, Up 23% Year Over Year, Sales Per Active Rider $36.02, Up 23% YoY
Lyft Q4 Sales $1.017B Beat $984.17M Estimate
Lyft (NASDAQ:LYFT) reported quarterly sales of $1.017 billion which beat the analyst consensus estimate of $984.17 million by 3.34 percent.
Lyft
Entry 47.05
Target 49.05
stoploss 45.05
$LYFT Inverse Chart- Three White Soldiers on VOLUME after earnings gap
- Breaking out of falling wedge
- Essentially same pattern after 08/07 earnings
LYFT Bottom PlayGreetings traders. Today I noticed the daily candle perfectly rejecting broken downtrend line as well as rising channel bottom, and the cherry on top is the daily support level around 45.00.
It's only a matter of time before smart money catches on to this and the unwarranted PLUMMET in share price.
TIGHT STOP: 44.50 (catching knives is risky business) ...... PROFIT TARGET: 52$ (don't get greedy)
Uber Testing last 4 days max. number of 30 minute bars Touch1/ In last 4 trading days starting from FEB-7, majority of 30 minute BARS touched the PINK area, so that area is Tested on FEB-13 . Coincidently this pink area aligned with Camarilla S1 Pivot.
2/ FEB-12 Lyft Quarter disappointment numbers (10% down), showing above "pink area" (max. number of 30-minute bar touches) Test UBER on FEB-13
UBER trendreversal confirmed part 2Welcome fellow Tradingviewers,
Our first individual stock pick of 2020 has been outperforming our expectations. Resulting in almost 40% profit without any leverage!
In an Interview the CEO of UBER announced that UBER is going to be profitable by Q4 a whole year earlier than expected.
Besides the great news, we also had a great earnings rapport indicating upside momentum for UBER.
We will be analysing UBER using a top-down strategy, including candlestick patterns, indicators and price patterns.
Monthly:
- We can clearly see that the first month of 2020 has closed in a huge Bullish engulfing candle, indicating more upside momentum.
Weekly:
- The last weekly candle closed in a bullish engulfing candle, indicating more upside.
- The last weekly caandle managed to close above the 40 dollar resistance indicating more upside momentum.
- MACD is in bullish territory, indicating more upside momentum.
- RSI is still neutral
Daily:
- The volume has shown support of the recent price rise, with high volume buying, indicating more upside momentum.
- We are above all Ma's indicating more upside momentum.
- MACD has just crossed bullish again, indicating more upside momentum.
- RSI is showing a bearish divergence, indicating downside momentum.
In summary:
The first month has been incredible for UBER, great earnings and the road to profitability have resulted in UBER retracing almost all the way back towards the IPO price.
We are currently nearing the 43 dollar resistance, before heading towards the 46 dollar resisstance. after this the sky wouold be the limit for UBER.
So let's see how 2020 is going to unfold for UBER but for now everything is still looking healthy to start thinking about reaching a new ATH!
This analyses is only intended to share my idea, to educate and entertain you guys.
This should not be considered as financial advice.
I hope you guys enjoyed this analyses, if you did don't forget to leave a Like !
If you want to share your thoughts, please do so in the comments below!
Kind Regards,
FORALLCRYPTO
$UBER Rounding Bottom PatternUber strong earnings gap friday. Breaking out of long term base and channel on volume
Ascending Triangle $62If you are purely a pattern trader, Lyft is looking fantastic, with a measured move to $62.
I would look how earnings are (reported this week), and if strong, can buy the breakout of this triangle, and if weak, can potentially buy at the bottom of the triangle, for a future breakout.
Great looking chart. Options up to $55 make a lot of sense on this one. That is how I am playing it.
UBER watch for resistance - BTDUbers just been way too strong to ignore lately. Huge positive with the Uber Eats news, although it was known - the beating this sector took late last year - it was bound to help fuel the buying.
I'm not adding to my position but waiting to see if we pull back to the $34 area.
Cup I drew out shouldn't really be thought too much into, just curious to see if a C&H could form, wouldn't count on it.
Uber has been $ and I don't see the mood changing too much until earnings which will dictate the next phase.
$40 by earnings.
GLTA
Accumulate Uber for positional targetUber if it is able to hold the support of 36 should see the target of 45.
Have mentioned the level in the charts , personally entered at around 32 when the first channel breakout happened.
A lot of struggle since the IPO but it is still a good bet.
UBER - Descending broadening wedge, look for breakoutUber looking for a potential short term rebound through the pivot point around $33.00
Look for opportunity to take profit at 35 where it initially lowered months back.
15% profit swing trade set-up.
watch for breakout of reverse H&S wth lunch of B.C into the ride hailing ... there seems to be some ground shifting ... could be a potential turn around for Lyft and Uber . lets see how the chart signals this in short term
MASSIVE LONGUBER weekly candle closing ABOVE the IPO
level is a massive sign of strength.
Besides, we are seeing a strong supportive indicator called Red to Green, with the IPO line being the benchmark.
If you are managing your portfolio, I’d consider this busying opportunity!
Don’t buy too much though. Do it gradually.
Guys, like, comment and subscribe.
Stay safe and be profitable!
MASSIVE SHORT It does not take a degree in financial accounting to understand that TESLA is a dotcom era-like bubble unicorn, like UBER, SNAPCHAT and many others, that are being kept afloat by the world being awash with free money.
Companies, that can’t churn a profit for YEARS can’t be worth tens of billions.
It is a couple of years till Mercedes, BMW, Lexus and other car manufacturers hit the market with their mass produced electric vehicles. So I guess TESLA Is to be around till the next recession maximum, which is overdue big time.
The company is loosing money so fast that it
Will go belly up when the shit hits the fan globally.
Cult like Guru CEO Musk seems to be good at fantasy, yet can’t churn a dime of profit.
So I guess the world is for the rude awakening there.
Let’s see which one goes broke first. Tesla, Uber or some other Unicorn.
Subscribe, like, comment and share guys, as always.
$UBER $35The chart pretty much explains itself. I see $UBER at $35 in the next 2 weeks, with all the market tension and sell off.
This is just my opinion, not financial advice.
UBER: Close to the 0.618 Fibonacci. Pull back buy opportunity.UBER has recovered 50% so far of the sell-off since the July high and is now close to the 0.618 Fibonacci retracement level. With the RSI on extremely overbought levels both on 4H (RSI = 85.104) and 1D (RSI = 84.218), we expect a pull back and consolidation here within the 0.382 and 0.618 width.
The 4H RSI is on a Channel Up since the November bottom and its support levels are as seen on the chart. Use them accordingly. We expect UBER to soon recover its highs and our Target Zone is 44.70 - 47.00.
** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. **
Comments and likes are greatly appreciated.
$UBER A Buy On Kalanick Running Out Of Shares To SellThe biggest overhang, besides bearish shorts, has been former CEO Travis Kalanick exiting his holdings since lockup expiration. Kalanick has sold about $2.1 billion worth of stock. He now has roughly just $600m worth of stock to sell.
While some view the former CEO selling as bearish, we disagree because he was pushed out. Kalanick hit the lotto and is cashing his chips in, just like $WE former CEO Adam Neumann. They are both narcissists and it's best Kalanick is gone.
While Kalanick has been selling, CEO Dara Khosrowshahi has been buying. This is bullish. He now owns 1.5 million shares and is betting on the stock having bottomed.
Company Profile
Uber Technologies, Inc. develops and supports proprietary technology applications that enable independent providers of ridesharing, and meal preparation and delivery services to transact with end-users worldwide. The company operates in two segments, Core Platform and Other Bets. Its driver partners provide ridesharing services through a range of vehicles, such as cars, auto rickshaws, motorbikes, minibuses, or taxis, as well as based on the number of riders under the UberBLACK, UberX, UberPOOL, Express POOL, and Uber Bus names; and restaurant and delivery partners provide meal preparation and delivery services under the Uber Eats name. The company also offers Uber Central, a tool that enables companies to request, manage, and pay for rides for their employees, customers, or partners; and Uber Health, which allows healthcare professionals to arrange rides for patients going to and from the care destinations. In addition, it provides freight transportation services to shippers in the freight industry under the Uber Freight name; leases vehicles to third-parties that use the vehicles to provide ridesharing or eats services through the platforms; and provides access to rides through personal mobility products, including dockless e-bikes and e-scooters under the JUMP name. The company was formerly known as Ubercab, Inc. and changed its name to Uber Technologies, Inc. in February 2011. Uber Technologies, Inc. was founded in 2009 and is headquartered in San Francisco, California.
As always, use protective stops and trade with caution.
Good luck to all!
