UBER trade ideas
UBER - Inverted cup and handle watch Has been forming inverted cup and handle. Break down below the neck line is bearish.
Bouncing from the neck line is bullish.
Neckline - $45
Bad case - $38.99
Worst case - $28.59
———————————————————
How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines shows support and resistance areas.
- Fib lines also shows support and resistance areas.
- The dotted white lines shows price projection for breakout or breakdown target.
Disclaimer: Do your own DD. Not an investment advice.
Falling wedge on weeklyMaybe a move up in future.
Risky. Not a big fan of them.
Will most likely just watch this one!
UBERIf you have suddenly reached the bottom now and the decline model is not correct, then it is safe to enter from the blue line( with a breakdown and a level test)
A more aggressive way to long is from red (47.7)
There are divergences in CMF, RSI, MFI-they signal for a long time that the bottom is presumably.
It is better to stick to the scenario of actions above and not catch the knife.
(The correction model turned out to be very complex, I'm not sure about it myself)
If we reach the area of 41-38, then it will be safe to consider the long from 43 (previously, judging by the schedule)
Double bottom... Double bottom,
expect a brief bounce above resistance ~$46.62 - ~$47.80, then a retest and a flip of resistance to support, followed by further gains towards ~$51 - ~$52
UBER Round DownUBER is following a rounding top trend, looks like it has momentum to the downside. I'm hoping for this to continue downward into next week with maybe a day or two of consolidation from here.
SELL YOUR UBER! (SCAM)SELL. DO NOT HOLD!
S<47.08
UBER will fall.
Lot of sell pressure and volume near LVL 47.08. It really looks like a great BULL TRAP!
UBERUBER has based here for two and a half months, and you know what they say “the longer the base, the higher the space”. Another golden pocket play with expectation of a breakout from the region. First targets would be the .382 and .236. Trade is invalidated with a daily close below $47.50
Expecting A Rise Based on technical analysis I see UBER dipping at the open, and then rising to test resistance.
MACD & D+ show a combination of weakening bearish divergence, and growing bullish divergence.
Guth 3x confirm also shows a uptrend for both price and volume.
What are your thoughts?
Will be posting multiple Friday predictions, comment your stock below and I will do a personal analysis and it will also help me out because I am looking for stocks to add to my watchlist.
Happy Trading
Trade Idea Updates: UBER, QCOM, ADSK- Uber Technologies: Stop-loss tested
- Qualcomm Inc: Back to entry
- AutoDesk: Still within entry range.
Call option IdeaPotential breakout here with a target around $55. So, The idea is:
Buy call option strike $52, expiry Jul-09 @ $0.25
Please note:
- I'm just sharing my view. it's not a recommendation for buying or selling.
UBERUber (NYSE:UBER) is starting to show some strength with high volume upsides and closed back above its EMA200 on the 4H chart at 51.52. With no resistance between $52.4 and $56.13, a break above the $52.36 level can see the stock trade in the $55 area pretty soon. Have this on your watchlist.
UBER for a quick playJust looking at the chart for the past few days, UBER appears to carry its momentum into the next day followed by a few days of consolidation. Given the strong performance on Friday, this should continue to run into Tuesday. End of week contracts would start scaling out Wednesday afternoon, leaving a few risky runners for Thursday. More conservative traders should just exit on Tuesday.
Just an idea. This is not financial advice.
UBER - $74 by November / DecemberUber should break the yellow downtrend curve soon and follow trend up with the white curve towards top of the weekly channel.
January 2022 $50 Calls look good here.
Uber TechnologiesNot a fan of gap risk (especially long weekend in the US) but UBER is interesting here. I've been monitoring it for a few days, closely observing the pivot and whether it can hold. Also note the consolidation potentially looking to cease while the underlying indicators point to emerging strength.
In addition, the Bank of America was out with an upgrade earlier this morning.
Before it moves, these are my levels:
Current: $51.27
Buy range: 51.05/51.30
Stop: $49.20
Target Range: $55.50/$56.80
The Bulls May Be Riding with UberOne by one, tech stocks have battled off their lows as investors return to growth names. It’s happened in Tesla, DoorDash, Roku and Advanced Micro Devices. Now Uber Technologies may be joining the club.
The ride-sharing giant is doing all kinds of interesting things with its moving averages. First, it’s been holding support along its rising 200-day simple moving average (SMA). Next, UBER is trying to break resistance at its falling 50-day SMA.
Third, its 8-day exponential moving average (EMA) just rose above the 21-day EMA. That, combined with the SMA activity, suggests longer-term bullishness is overcoming intermediate-term bearishness.
Also consider the price action since UBER’s drop on May 6. The stock quickly rebounded and held the $48-49 support area that’s taken shape since late November.
Turning to the weekly chart, we find that a bullish outside candle just formed:
Finally, MACD has been accelerating for more than a month.
TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
