UBER trade ideas
UBER/ Bullish -Short termI think there will be a good retracement towards the $37.50 on Uber.
Please follow me for more ideas. Thanks in advance for the likes.
This is not a signal . please trade on your own risk.
Uber is a buy at $33The area of 33 dollars which was once its resistance has since become a level of support.
Uber trading sideways in a channel with the 33$ mark being the bottom of the channel.
Good area to buy at 33 and sell at 37.5 unless it breaks out above 38. It has tested 38 twice to no avail.
Market conditions going into this Monday appear positive.
UBER critical lvl, expecting bounce off 50MAsupport at previous resistance, 50MA
very small wick shows good support & buying confidence.
Bull case:
expecting a good bounce up, best case aim for gap fill & forming a new trading zone between 34 - 38
Bear case:
SPY keeps dumping and 50MA support fail to hold, and break down further to test 100MA at $33
long term trendlinesthis one can go either way here! under the trendlines its a short over its a buy, goodluck
two scenarios here... Elliot Wave analysisfirst time doing this... one of two scenarios could go down. let's see what happens
Uber: View chart linked in descriptionView chart linked below. I don’t know how to force all days of the week on time scale so I charted Uber on a cryptocurrency chart.
Target price ranges between $63 and $90, but $66 is highly probable based on Wedge, EW, and Fib.
Uber: Trick or TreatDon’t fall for Uber’s trick, instead play nice and wait for it’s Treat. Yesterday, Uber didn’t gain like most of the market did. Instead, Uber faked a close under 20 DMA but bounced upwards right at close. That bounce coincides with a long term trend line that had been acting as resistance but now appears to act as support.
The pink vertical lines indicate bounces off the trend line by a high, low, open, or close price. If the trend line is valid support, then price could rally, slowly or quickly, to an ideal technical target price of $66. However, a more practical target price is closer to $54.
Like, follow, and let’s see what happens.
trying to push over that 37.80 areaCup & handle formed, but failed to get past the line of resistance for an upward continuation - let's see if we can get past it next week.
Potential cup and handle on 1hrtoday was a bit choppy after trump's stimulus tweet. let's see if this cup and handle goes as planned...
UBER Ready to Breakout From IPO BaseUBER has been building an IPO base for a while. Similar in look to SPOT and BYND before they broke out. And if you want to go to the 'way back machine' check out CHGG after it IPO'd. UBER has a chance to provide some huge returns. Watch for a break of the downtrend line and follow-through above the blue shaded area. Top of the watch list for me!
Uber centerfold: Doesn’t get sexier than this
10 20 50 and 100 DMAs
BB
macd
gaps
volume
... all confirming a possible breakout above the long-term wedge pattern.
Please wine and dine her first, gentlemen.
$UBERPossible Wedge Breakout Candidate (NEEDS MARKET HELP IMO)
- 30Min MACD crossing over
- 50D Crossing over 200D (Golden Cross)
- Trying to break 38 level and top trendline
Entry: 38 & Confirmation above trendline
Price Target: 39-41.5
With no market help and a red day/s, look for:
- Rejection off 38 level/Top Trendline
- 50D Crossing under 200D (Death Cross)
- Breaking of 200D/36 Support
Entry: 37.16 Support after 38 rejection
Price Target: 34.50 Support/Bottom Trendline
$UBER 4 Month #CupandHandle #ChartPatternNYSE:UBER been consolidating its rally from COVID19 bottom for the last 4 months forming a cup and handle chart pattern with $38.50 level acting as resistance. The stock is also attempting to clear a weekly down sloping trend line (red dotted line on the chart). A daily close above cup and handle chart pattern boundary will clear both chart pattern resistance and weekly trend line triggering a long entry swing trade.
