UBER 80 Afrer earnings ? NYSE:UBER
Uber Technologies Inc. Stock Surges to $75-$80 Range Following Strong Earnings Report
Uber Technologies Inc. (NYSE: UBER) has seen a significant boost in its stock price, reaching the $75-$80 range after the release of its latest earnings report. The ride-sharing giant reported impressive financial results for Q2 2024, with total revenue hitting $10.13 billion. This marks a notable year-over-year growth of 15%, showcasing Uber’s ability to expand its market presence and drive revenue despite challenging economic conditions.
The company’s strong performance was driven by increased demand for its ride-sharing and delivery services, as well as strategic investments in new technologies and markets. Uber’s net loss widened to $654 million, but the market responded positively to the revenue growth and future potential1. This optimism among investors has propelled the stock to new heights, reinforcing confidence in Uber’s long-term growth strategy.
As Uber continues to innovate and expand its service offerings, the future looks bright for this industry leader. Investors and market watchers will be closely monitoring how Uber leverages its current momentum to drive further growth and shareholder value.
CAFE CITY STUDIO & NY RUNS GLOBAL INC. NYC
UBER trade ideas
Is Uber Ready to Soar?Uber's stock price has shown resilience, repeatedly testing and bouncing off the $63 support level, marking the fourth time the stock price has rebounded from the bottom of the channel. This pattern, combined with positive long-term fundamentals, suggests potential for upward momentum.
UBER Short OpportunityWe can see that uber reach the previous and start creating a bearish orderflow with a shift in structure daily which will soon occur in weekly timeframe, a breaker can be seen in hourly timeframe, a lot of liquidity to be taken before that the has enough energy to reverse and go higher, I m expecting the price to sharply drop especially with earnings on 06 of august.
UBER - JULY 24 MATrend Unsustainable Momentum- D1 larger trend is aligned to our bearish direction
- When I started this trade I decided to close it within the day instead of letting it run because I noticed that UBER had huge price spikes at market opens. I didn't want that additional unknown volatility variables.
MATrend Unsustainable Momentum (Systematic) ⏪
The strategy identifies stocks (Tech sector ) that follows the larger market regime's momentum of the day and because they are unable to maintain it price breaks down quickly
Tight stops aligned to the price behaviour we are trying to capture. Which is a rapid break of the momentum.
Looking for a bullish swing soon on UBER.🔉Sound on!🔉
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
UBER - Curve Line Break I expect the curved line to break with a double top formation and price will then retest the middle of the larger channel.
From there the price might be able to break out of this larger channel with bullish continuation.
So a short term pull back leading to further bullishness.
Waiting for a breakout to the upside for UBER!🔉Sound on!🔉
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
it's time to going up for UBERbefore buying, please check for being sure about your opinion about this CRYPTOCURRENCY!!!
(in every target you want, closed the position but our target is the third one)
*Guy's the entry place is importance things in enter in a position and be careful do not going up your leverage over 7x ,all things it's about risk management*
*************************************************
if you want to enter in this position:
Enter Price: 65.68
Target1: 66.94
Target2: 68.41
Target3: 70.20
Target4(Final Target): 71.64
Stoploss: 63.71
*************************************************
Guy's if this idea was useful and it was intresting for you please follow for more
please do comment and like my idea
If you like my idea show me in comment section
doing and living in the best quality
thanks of all of you dear's ;)