UBER trade ideas
UBER SupportUBER is hitting support and just bounced up. I see a steady uptrend coming. Target: 60++
Uber Pulls Back. Is it the Next Facebook?Uber Technologies quietly hit a new all-time high on February 11. Now it's pulled back and may be offering some opportunities for the bulls to hail a ride.
First, notice the trend line starting at the low of November 4, as stocks began their election-week rally. UBER jumped two sessions later after announcing results. It continued higher until late January, when it pulled back along with the rest of the market. That low created a trend line, to which prices are now returning.
Next, stochastics have dipped into oversold territory.
Finally, the last four months of consolidation and price action have occurred above the previous highs from 2019 and 2020. In this way, UBER resembles Facebook in 2012 and 2013.
The comparison might be apt because both companies went public with key weaknesses. In case you forgot, FB struggled with mobile ads for several quarters. Mark Zuckerberg fixed that problem mid-2013, resulting in a breakout above its initial price range.
Like FB, UBER spent its 12-18 months in a penalty box as investors balked at its convoluted business model. But CEO Dara Khosrowshahi has divested non-core business and mapped a route to consistent profits last quarter.
Overall, UBER has been through a lot: management turmoil, profitability issues and coronavirus. Now things may finally be coming together for the transportation disruptor to really go places.
TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
$UBER LongRespecting support
Reversal candle
Clear bullish divergence on 1Hr chart (not visible on 1D)
Nice upside
Great company, many services
"CORONAVIRUS - PayPal Joins Uber’s Effort To Provide Transportation To US Vaccination Sites" 2/26/21
I am holding calls w/ $55 strike and 3/19/21 expiry. Gives UBER plenty of time to see $55 or >$60.
This is not advice, only my ideas. Do your own DD.
Uber Bounce Incoming!Uber looking to continue on the trend, will cut at a break below 50.
Price Target: 65-70
Have UBER on your portfolio of 2021Potential gain:80%
Reward/Risk:5.5
Timeframe: 6-9 months
* we may experience a pullback..!
I always try to present the charts in a simple comprehensive format to prevent any confusion.
This is just my technical view, neither a fundamental comment,nor a recommendation to trade..!
Please review my track record and calculate the odds for yourself..!
You’re likes and comments encourage me to continue this.
Stay tuned great live stream and quality content videos coming soon..!
Uber vs LYFT? WHICH ONE OFFERS THE BEST RIDE?I used both before, but for the next ride in the stock market, I would like to call Lyft.
UBER unusual options activity for $70 1/2022 - bullish long termUBER on 4H: Will UBER hit $70 before 2022?
RECENT NEWS
UBER tumbled last Friday after Britain’s top court said its drivers should be treated as “workers” rather than contractors.
TECHNICAL OBSERVATIONS
UBER has been trading within an upward channel. We are sitting at support, watch to see if we can move up here. One concern is if we pullback further, there is a gap below $55 which we may attempt to fill.
OPTIONS ACTIVITY
This week there were $40.50 Million worth of Uber calls bought. One that jumps out to me was a LEAP options $70 strike price expiring 1/21/22 because there were $37.3 Million worth of those purchased last Wednesday.
SUPPORT & RESISTANCE
Support: $58 | $55 | $53
Resistance: $60 | $63.40
UBER (potential breakout based on fundamentals)Technical :
- tested the $50 priceline 3 major times & completely rejected the last time it was down there.
- not much data on larger time frames, only recently went public
- price currently testing the $58 priceline, will most likely reject due to good fundamentals & future potential of the company.
(If rejected high possibility of a bull run to possible potential value of 200 billion market cap. Which is roughly $100 per share.)
Fundamentals :
- UBER has lots of upside potential from car rental to ride sharing, UBER eats, uber air, travel, & local delivery in general.
- UBER will most likely act as a proxy from consumer to mobility company in the future with an Amazon based business model focused on growth.
- UBERs functionality & fundamentals extremely solid, I dont see it failing. Extremely safe investment with huge upside.
(Personally I do believe it is a 10x company worth a trillion dollars. I also believe it will outgrow tesla)
$UBER 1D Uber has 39.1 Million in the flows. EW points towards the upside as well. im looking into contracts at the end of March or April. Calls above 63.96. Set your alerts son you dont miss out and wait for confirmation. GL
"UBER Long" Bullish will this see $67.70 $UBERlike how NYSE:UBER has created a nice base over the past few days, Now it needs to break that 61.31 at which point this can get some nice price action to the upside towards that 64.05. If this get above that I feel this can get interesting and push to new all time high after a breaks of 64.05 spot.... whelp only time will tell from here
UBERWe are in price discovery, dips are for buying. This stock could hit $200 plus in few months. LT super bullish here I buy and hold and dream.
$UBER: Pretty Bullishn a research note, JP Morgan analyst Douglas Anmuth has maintained his recommendation on the stock with a Buy rating. The target price has been lifted and is now set at USD 63 compared to USD 46 before.
Uber Daily chart looking bullish. My brother brought this one to my attention as they purchased an alcohol delivery company. Looked at the daily chart and it looks beautiful. MACD is opening up green, and RSI is heading up. Earnings coming up and this can move up on positive earnings.
Long UBER above 60.05Market cap: 105.86B
Shares Float: 1.32B
Short Float: 4%
Short term target $60.00-$65.00
Weekly performance +8.74%
Monthly performance +10.71%
Uber has recently gained headlines tackling prescription delivery in NYC with Nimble, and now the Drizzly take over deal for alcohol delivery.
UBER is less than a week out from earnings reports, and looks to be regaining control of the this monthly trend line after retracing to a historical iceline, at 47.12
On the 4HR chart, the RSI is a little topped out to have a real edge on a new position.
The MACD histogram seems to be losing some momentum, and we could need to see a little consolidation or perhaps even a retest of the prev weekly open at 54.50
To have a real edge on a new position i would want to see confirmation of support on the red trend line, and above our current weekly top of range of 58.09
If we do see some consolidation, i think that will give the next move the strength it needs to break out above 60.05
This will also give time for the 50MA to cross over the 200 which should send the price action to new levels on the upside if it continues to play out.
Id be a buyer above 60.05, and if we correct a little before advancing, id be a buyer again between our monthly open at 52.15 (approx 50% retrace) and the previous weekly open of 54.50
In the case of a heftier correction, I would be looking at the "heartline" trend to be an expected target
Given there is buyer exhaustion evident on shorter time frames, ill be looking for consolidation and proper support prior to engaging this one further.
This isnt investment advice and i do own a long position in UBER in my long term portfolio.
