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UBER TECHNOLOGIES, INCUBER TECHNOLOGIES, INCUBER TECHNOLOGIES, INC

UBER TECHNOLOGIES, INC

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UBER trade ideas

UBER: update on long positionQuick update on where we are with UBER - we still hold the long position through the drop that happened earlier in August on the tail of the negative news regarding legal issues - which interrupted a possible breakout - UBER is attempting another breakout with renewed demand and bullish sentiment according to the V.Viewer and the UTO -- the UTO is also showing a positive momentum to the upside - UBER today entered the make-or-break zone - the next few days will determine if the current breakout attempt will succeed - if it does, we can look potentially at hitting the $37 to $39 range - the breakout needs to be confirmed by a "hook" - a bounce up off that resistance zone on the chart - the weekly (not shown here) is in line, showing an end of a bearish cycle and a possible start of a new bullish wave up keeping the long position open for now.
NYSE:UBERLong
by RedKTrader
2
Uber fortune tellingCan assume non-existent price data to fit patterns to current prices? If so, can we reduce our risk when we do it? Here’s one such possibility of fitting a pattern to Uber’s price based on a hypothetical ABC correction starting at about $82. I’ve aligned the pattern to the hypothetical wave C. If true, then we should buy Uber between 29.94 and 26.17. This model becomes invalid the longer that price remains under $23.48 if price drops below $23.48. Take note that if this model is valid, price could only go up from here.
NYSE:UBER
by Teklologist