Weekly Outlook! 3/22 - 3/26Here we take a look at last week's video as well as some set ups we are watching for the coming week!
UBERB trade ideas
UBERLooks like some bad news hit Uber again with UK drivers becoming "employees" not 1099 contractors.
Also the change to reclassify the UK workers will mean that UBER will pay $300m in order to make this change & comply. I stay long and suggest buying between the levels I marked off. The CEO Dara Khosrowshahi has said that UBER eats has made this a completely different company & I can see this as well with UBER eats now disrupting food delivery plus COVID 19 restrictions.
Also Wall ST is so super bearish uber so I stay long (got to take the opposite side of that).
My theory is that the Wall St banks & funds parade their talking heads all over the MSM shit talking UBER to suppress the price & accumulate. Don't believe me I have a good example Amazon.
DYOR guys and make your own choices.
LONG UBER / MARCHBroke out off the falling wedge + About to break resistance + Hidden bullish divergence. It´s just a matter of time. And it´s also really easy to manage your risk.
Yew! Crowded Bars + $4/Gallon GasAs long as energy gets a bid, Uber rallies into a post-pandemic economy. BULLISH, accumulating shares @ 49,50 (w/an S&P selloff). Out of the money calls if it retraces into the channel mid-line.
rising channel Target $65-$66Please note: I'm just sharing my view. its not a recommendation for buying or selling.
$UBER - curledThe stock has curled and sentiment is at the right spot. Short volume is decreasing and other TA indicators are poised in a positive manner.
Riding this to a target of $65 is my game plan
UBER Rebound Wave w/Head n/ShouldersUBER is forming a correction wave pattern which may come down to support around the 48.5 level. This chart and price action is also developing a head n shoulders pattern. The 48 level will be the neckline for a further breakdown.
UBERthe pull back to $48 never happened I did load up on more uber at $52 and I just love this giant inverted head & shoulders. I think UBER does v very well heading towards the end of 2021
UBER reopeningAnother one I forgot to mention last night. Saw an inv H&S form on the 1HR. Daytrade as reopening plays have been on fire the past week or so. LYFT positive outlook numbers gave UBER a nice sympathy play. Chart invalidated below 54.
$UBER: Bull flag breakout: Potential target $63Open the economy stocks have started moving and this name has shown good relative strength today.
Watch out for the move back up to the previous ATH.
Potential Target: $63
Stop-loss: LOD(2/26/2021)
UBer Callls :)Uber broke down out of the channel and looking like it wants to break back in so your boy placed calls @march/12th$52.00 strike
why??
reopening play?? stocks not that expensive so it could appeal to more people and by that i mean a younger generation who has just started trading. so maybe they will funnel some of that new money into the company.
obvy thats not the only reason im buying but it a good short term swing trade. as a lonng term this would be a good buying point where you can scale your position into the company
LOVE YALL :) best of luck
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.
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$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.
