UBER trade ideas
$UBER: IS THE BULL RALLY OVER? 🔸️Ticker Symbol: $UBER 🔸️Timeframe: 4 Hour 🔸️Investment Stratey: Short
TECHNICAL ANALYSIS: UBER is testing the top deviation level on our regression trend and starting to make a move lower. On the bottom dashboard you can tell we have divergence. Our white line which represents "Money movement" is making a lower high as the price action above is doing the opposite. This will typically mean a selloff is coming. If we continue in this pattern UBER stock could potentially see sub $30
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Buy or Sell ?Uber's strategy to make profit:
1. Charging customers for subscription.
2. Cheating on restaurants more than ever.
3. Reducing the payment to drivers.
And the result of this "smart strategy" is dissatisfying everybody, and ultimately loosing the market!
Capture this image and see me at the end of the year...
UBER 30 Day LookoutDaily Candle Prediction
I think you saw the high for a minute on UBER. I think it is going to come down amd fill the gap before it catches itself on the next meaningful uptrend. I think the next uptrend is going to have some momentum going forward.
I would look at $26 / buy in for a good support level
This is not financial advice, I have never been trained to do this
Channel Breakout Example Really solid example of how channel breakouts often retest resistance AFTER resistance has already been broken. I like to think of it as testing the buyers and supply/demand zone to see if resistance can now act as support which would confirm another leg up as we see in Uber.
Good rule to follow is to not enter trades as soon as they breakout from a channel as the trend reversal is not confirmed by anything yet. we can see multiple channel breakouts where price did not continue rising once the channel was broken.
Volume confirmation (increaising volume with increasing price) is also important when identifying true breakouts, nice highs when lower than average volume is generally a sign of price disparity defined as divergence.
UBER: Turnaround or bear market rally?Uber Technologies
Short Term - We look to Buy at 25.07 (stop at 21.38)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. They reported better than expected earnings which is positive for sentiment. A bullish reverse Head and Shoulders is forming. This is positive for sentiment and the uptrend has potential to return. We look to buy dips. Further upside is expected.
Our profit targets will be 33.86 and 36.00
Resistance: 34.00 / 45.00 / 60.00
Support: 24.00 / 20.00 / 13.50
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Uber Long -- Expecting bull expectation for next quarter? Currently, Uber is looking bull and ready to pick direction. Most likely upwards towards $29/31/33.
Observe later this week for more movements to decide direction.
If earning /forecast not good, could go downtrend towards $21.60/70 for support.
Insiders Knew Something...(READ CAREFULLY)If you had watched Uber's chart in the past two weeks you have probably realized that it goes one day +5% the other day -5%, next day +4% and again -4% ....;
Experienced traders know that's a scary signal that indicates company is running out of money and is scrambling to survive with speculation !
This common phenomenon (+5%, -4%, +4%, -5% ...,) happens just few weeks prior to bankruptcy.
Speculation is because of no operating income...!!! Has lost more than 60% in the last year and is taking its last breaths.
UBER Potential for bullish rise | 21th July 2022On the H4, with prices moving above the ichimoku indicator and breaking out of the descending trendline, we have a bullish bias that price would rise from our buy entry at 23.59 where the pullback support is to the take profit at 26.64 in line with swing high resistance. Alternatively, prices could break entry structure and drop to stop loss at 20.16 in line with swing low support, 78.6% fibonacci projection and -27.2% fibonacci expansion.
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The "UBER Files" The Uber Files, first leaked to The Guardian, consists of over 124,000 internal documents that show how UBER attempted to secretly gain support from politicians in Europe, including French president Emmanuel Macron when he was serving as the country’s economy minister, chancellor George Osborne and other ministers, for its aggressive global expansion.
The documents date between 2013 and 2017.
Despite the efforts, UBER is not a profitable company, yet its market cap is 43.868Bil.
If you haven`t shorted UBER here:
On this falling wedge bearish chart pattern i expect to see it go lower, to $13.80, before a technical rebound.
Looking forward to read your opinion about it.
Solid setup for a bear market rally In this video I've shown how UBER is setting up for a handsome bear market rally. Downside risk VS upside reward is very attractive. Also, something I didn't mention in the video is that UBER is a quality company with improving fundamentals so should not be put in the same category as other loss making tech names.
Appreciate your constructive criticism !
Uber - Downgraded to WreckedUser Select isn't hooking so much these days.
Must be the propensity for Base.
Base Jumping at present seems to provide Uber
with an endless Downtrend.
Lyft.. ugh.
When both cut bonuses to Drivers, it was over.
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Uber Eats, death by 1000 drive-thrus.
All good, Robo Taxis are the primary focus of every
Auto Manu on the Planet.
Even Apple, which remains a software-only iCar Cult
conveyance.
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Giga Texas / Berlin Dumpster Fires continue to rage
unimpeded.
Even Eron admits - BK is the stark reality.
Buy the Transpo Dip?
No.