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U1BE34 trade ideas

20% downside risk still persists MT ; Long term upside 100%- In the short term, NYSE:UBER price can go down to test $47 at 200 SMA on weekly timeframe. - This will present a solid opportunity to buyer Uber at an attractive valuation. Risks & Opportunities: - Many investors are selling it because of AV i.e waymo & robotaxi by tesla. - These AVs are not a risk for at least 3-5 years. On top of that, Uber is a global platform which allows one to use the same app in various countries. - AVs are capital intensive and will eat up lot of capital from Google & Tesla. It is not scalable beyond US where there's huge population like Asia or where the roads aren't good, traffic signs are confusing. Therefore, there will always be a demand for rideshare with an actual driver. - Rideshare with driver will always be cheaper to operate in countries where population is high & labour is cheap like south America, asia, south-east asia. It is capital light because car is of the cab driver whereas for AV, the car needs to be modified, infrastructure needs to be maintained, software updates, car maintainence etc can't compete with rideshare with human driver. - Uber is a "verb" for ride hailing and can be used as a benchmark for right pricing as local taxi drivers might dupe tourists. - CEO Dara is amazing and has turned Uber from a loss making company to a profit generating machine. His execution is top class. - I remember when Uber & Lyft used to trade hand in hand till 2022. But Dara's execution proved Uber to be a rideshare winner. - Uber should perform well even if we hit a recession because in a recession although there would be demand compression but the supply of drivers will increase ( gig economy ) so price paid to driver will decrease ( simple supply & demand ) which will lead to stabilization of margins. - People ain't stopping to buy food from uber eats as they are too lazy to cook and won't stop taking rides if they have to go from A to B. Plus, in a recession, people are likely to invest less in buying new car which can be seen from cooling down of auto industry despite several rate cuts. Disclaimer: - I'm nibbling Uber as it goes down and want to build this as my biggest position for a safe & asymmetrical returns of 60-100%+
NYSE:UBERShort
by bigbull037
UBER potential very strong new additionUBER is at an extremely attractive setup here. We have hit a multi month trend line again, with a strong pullback to the golden fib. This company keeps growing in all important metrics. There is FUD with waymo and tesla. What people dont realize is waymo has a partnership with Uber already, and move is also partially owned by Uber. Uber provides over 8 billion rides per year, their network effect and aggregation is extremely valuable. "In a digital network, value flows to the aggregator". Uber is the demand, many people cannot afford cars, people in cities prefer this product. Uber also has several company partnerships for longer term assistance. Uber is expanding in Latin America and Asia pacific. Gross bookings, total trips, and revenue continue to climb. This company will be a cash flowing machine once they turn on the switch. I am a very strong buyer here fundamentally, and TA wise. My target is well over 100$ on the yearly
NYSE:UBERLong
by Apollo_21mil
2
Uber Shares Drop Nearly 10%Uber Shares Drop Nearly 10% In 2024, Uber Technologies (UBER) stock has come under significant pressure, partly due to mounting competition: → Tesla is reportedly advancing its autonomous taxi development. → Yesterday, Waymo (owned by Alphabet, Google’s parent company) announced plans to train its driverless taxis in Miami in 2025, aiming to launch the service in 2026. According to Business Insider, Uber and Lyft drivers report that Waymo's autonomous taxis, already operating in Phoenix and other cities, are noticeably impacting their earnings. This seems to exemplify a scenario where humans are being replaced by robots. What’s Next for Uber Stock? Technical analysis of UBER's price chart shows the stock remains within a long-term upward channel (indicated in blue), but bearish signs are emerging: → The price spike in October to an all-time high resulted in a false breakout of resistance at $82. → Late October saw a large bearish gap, sending the price below $76, which then acted as resistance in November. → Currently, UBER shares are trading below $68, a key support level since early autumn. This creates a downward trend on the chart (highlighted by orange lines), threatening to breach the long-term upward trajectory. However, bulls may attempt to leverage support from the lower boundary of the channel to regain momentum. Analysts remain optimistic. According to TipRanks: → 34 out of 36 analysts recommend buying UBER stock. → The average 12-month price target for UBER is $93.26. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
NYSE:UBER
by FXOpen
2
$Uber - Short-Term Bullish Reversal in PlayUber has shown promising signs of a short-term bullish reversal, supported by two key technical signals: 1. Bullish MACD Crossover The MACD line has crossed above the signal line, indicating a potential shift in momentum from bearish to bullish. This crossover often serves as an early indicator of upward price action, especially after a prolonged decline. 2. Bullish Engulfing Candle On the price chart, Uber printed a bullish engulfing candle, a strong reversal signal. This pattern suggests buyers have regained control, overpowering recent selling pressure. Short-Term Targets Initial Target: $69.53 A breakout above this resistance level can attract additional buying interest. Extended Targets: $72.00–$73.00 Sustained momentum above $69.53 could push prices toward these levels in the coming sessions. Conclusion Uber’s technical setup highlights a potential bullish reversal, making it an attractive opportunity for short-term traders. Keep an eye on volume for confirmation, and manage risk with stops below recent support levels. Trade Safe! 🚀
NYSE:UBERLong
by Mercury812
UBER Technologies, Inc to crash 35%And that might just be the beginning of the end for UBER. ** A forecast for the months ahead ** On the above 6 day chart price action has rallied an astonishing 300% in the past 24 months. A number of reasons now exist for a bearish outlook. They include. 1) “Insider Has Just Sold Shares In Uber Technologies” “Chief Marketing Officer and Senior Vice President of Communications & Public Policy recently netted about US$2.0m selling shares at an average price of US$72.90.” simplywall.st Don’t ignore insider selling. 2) Price action and RSI support breakouts. 3) Regular bearish divergence. 4) The Put/Call ratio. Calls outnumber Puts 3 to 1. Is it possible price action continue up? Sure. Is it probable? No. Ww
NYSE:UBERShort
by without_worries
51
12/5/24 - $uber - Aping on the 2027 $60 calls.12/5/24 :: VROCKSTAR :: NASDAQ:PLTR Aping on the 2027 $60 calls. - stock acting like the united healthcare CEO got whacked by one of their drivers and we're all about to find out. too soon? - at 7 bn FCF generation on 143 bn EV... that's 5% yield, grows 15-20% a year (FCF gen). we're already in value territory, the question is what's the reason for this wicked wick. is it... A) the market AI didn't "pick" Uber today to go up? B) something regulation related... e.g. look at TSLA today and the robo taxi narrative (btw short some TSLA today but i won't post about that one bc/ it's a hedge only) C) something we're about to find out? ... i'd have to put my chips on C even tho the obvious question then is "why u buy today V"? simply put, i'm doing ITM and LEAP duration. this allows me to get enough exposure to care, but allows (again) more notional flexibility to adjust this strike lower, or go larger in ST stuff if/when we do have a further wick lower and capture some money without doing this with my tail between my legs. V
NYSE:UBERLong
by VROCKSTAR
Trading JournalUber, after the massive gap up and close higher, it felt it was setting up just prior to earnings. Longer term chart was looking good. Bought small position prior to earnings, it failed, sold at the open. It felt like it was setting up again, With closing above the 21 EMA after down move. Premarket it was gapping higher, went ahead and bought it in premarket, opened lower and just sell throughout the day. Closed position on same day. AVOID stocks that are broken, TRY TO buy at the right price and not the lowest price
NYSE:UBER
by tradingstocksdp
UBER to $77MODs have suggested that I provide more detail about the picks I make. Sorry. I'm not as verbose as y'all, and I don't like things to be complicated. My trading plan is very simple. I buy or sell at top & bottom of parallel channels. I confirm when price hits Fibonacci levels. So... Here's why I'm picking this symbol to do the thing. Price at or near bottom channels (period 100 52 39 & 26) Stochastic Momentum Index (SMI) at oversold level VBSM is spiked negative Price at or near Fibonacci level In at $68 Target is $77.50 or channel top Stop loss is $66
NYSE:UBERLong
by chancethepug
UBER long Trade gone wrong but Stop trigger saved meThe Setup UBER long-term(M) is in month (M) uptrend. Price made a Higher High (HH) recently. Current chart (W) is correcting into a Demand Zone (DZ) this zone is also the Higher Low of the Weekly (W) uptrend. ODD (Trade) Enhancers The more odd enhancers the more the odds are in my favour. I hate calling them odds as if they bubble up to the surface randomly. They have their reasons that are beyond my technical trading style, in the end those are trade enhancers yielding more confidence to a trade. The long-term (M) is in long standing uptrend The Current chart (W) on the left is correcting into a fresh DZ Using the trade chart (D) to time my enter & my STOP loss room for the profit to run, if trade goes my way The trade The Long (LNG) trade was open in the DZ, the price hovered in the DZ, closing below the DZ. Trigger stop initiated.
NYSE:UBERLong
by greatful-me
Possible Redistribution in UBER..!What is Wykoff Distribution Analysis? Wykoff Distribution Analysis is a technical methodology developed by Richard Wyckoff in the early 20th century. It focuses on studying the distribution of trading volume and price action to identify potential support, resistance, and accumulation/distribution phases in a market. The key principles of Wykoff Distribution Analysis are: Volume Precedes Price: Trading volume changes often precede price direction changes. Analyzing volume patterns can provide clues about the underlying forces driving the market. Climactic Events: Climactic volume spikes, either up or down, often mark important turning points in a trend. These are seen as "distribution" or "accumulation" events. Phases of Activity: Markets tend to go through identifiable phases, such as: Accumulation: A period of consolidation and gradual price increase on lighter volume. Mark-Up: A strong uptrend phase on increasing volume. Distribution: A period of consolidation and gradual price decrease on lighter volume. Mark-Down: A strong downtrend phase on increasing volume. Composite Operator: Wyckoff theorized the existence of a "Composite Operator" - a single, dominant entity (or group of entities) that controls the market's overall direction. Applying Wykoff Analysis to Redistribution Wykoff Distribution Analysis can be particularly useful for identifying potential redistribution phases in a market. Redistribution occurs when the "smart money" sells to the "dumb money" at the end of an uptrend. Some key signs of redistribution include: Decreasing volume on up days, increasing volume on down days Climactic volume spikes at market highs A series of higher highs and lower lows form a distribution pattern Divergences between price and momentum indicators By identifying these distribution patterns, traders can look to enter short positions or reduce long exposure as the market transitions from an uptrend to a downtrend phase.
NYSE:UBEREducation
by Moshkelgosha
11/5/24 - $uber - What's not to like, buying <$75 11/5/24 :: VROCKSTAR :: NYSE:UBER What's not to like, buying <$75 - cash heavy portfolio looking for some high quality "into-year-end" plays where i can leverage the book with calls in order to keep a. cash heavy for real dips and b. where i think there will be a lot to do, so i want to remain nimble - NYSE:UBER seems to check a lot of boxes. sales growth mid teens with fairly high visibility, "check". platform that doesn't have much competition "check". expanding margins "check". valuation reasonable at low 20s PE (so PEG is ~1.2-1.3x ish) "check". just beat earnings "check". - name seems to have a perma-bid for good reasons. i'm getting busy with the jan 17 2025 65C's which offer me some healthy 6x leverage. - plan is monetize 1/3 of the stake if DJT results in a further squeeze tmr... figure out what to do with the rest. but i think we'll be at 100 by next year. so i'm genuinely eyeing the jan 2027s and ironically hoping for a dip where i can get busy with bigger size and longer duration. what do u think? V
NYSE:UBERLong
by VROCKSTAR