UBER High Probability Bull Flag Here is a Macro break and retest weekly level with a Micro Bull flag below the 4h level showing us tomorrows move will most likely be bullish. Be cautious of bearish move/gap at open due to the high sell volume at close and be be patient for clear entry. Nothing is 100% in the markets.
Uberanalysis
Uber Technologies: downtrend on the wayAlthough it's true investors are buying around these levels, the price keeps falling around the downtrend channel. Good buying opportunities are found on the lower part of the channel. It's a good opportunity for a buy-and-hold strategy, but the incoming FED intervention on interest rates hikes could pose a tremendous risk on the short term in all stocks, so care with volume. In terms of fundamentals, Uber has improved a lot and reduced losses considerably, financial and operational results were positive this last Q, way better than those of 2020. The best strategy is to buy the dip. So analyze the financial results of 2021, compare it to 2019 and 2020 and place your bets! I'm pretty sure this one is gonna perform really well in the coming years, but it's all about timing. If indices fall, we will find a great opportunity on this one!
Missed the UBER IPO? You can buy it for less nowUBER Q4 report:
earnings of 44 cents per share VS expected -33 cents
$5.78 billion VS $5.39 billion expected.
Q4 Gross Bookings outpaced expectations
Delivery and Trips came up a tad short estimates.
Freight $1.08 billion VS $807.8 million expected.
My price target for this quarter is the IPO price, $45.
Looking forward to read your opinion about it.
Uber Analysis 30.01.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
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UBER Daily TimeframeSNIPER STRATEGY
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$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 has bottomedCapitulation followed by massive volume at around $25.50.
Double bottom circled in green.
Gap to be filled around $41.
Small gap to be filled circled in yellow.
Yellow trend-line with confluent are at the gap fill.
RSI has some room before it hits the yellow RSI trend-line reinforcing the idea of a gap fill n' go.
Fundamentally speaking, news co-founder has been liquidating all his shares but price has not tanked on this news.
Just like Facebook and alot of early tech stocks we saw a selloff after the IPO hype and rally after the haircut.
Like Facebook, UBER is already ingrained in much of our lives and it is hard to believe it will be gone so soon.
Tell me what you think.
UBER SHORT to $20, former CEO dumps shares! UBER has been on a strong downtrend since the IPO, the company has not yet turned a profit and expenses are through the roof with little hope to switch to the long side in the near future. To add to that the co-founder and previous CEO Kalanick continues to dump shares, another +$160 Million worth and the stock continues to trend lower while volume to the sell side increases.
The previous broken low at around $30.00 held as resistance on a retrace and the rotations indicated a continued short where price fell from, price is not at an all-time low anymore where support lies. The IPO to date POC is at $26.85 which is going to be strong support but there is a strong chance it break and price moves into the expansion level at $22.00. We just need to break through the support barrier. The price is at the top of the downward channel which is holding resistance.
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