UBERHi, i will open my short position on uber right that 51usd-50usd area.....be aware of that .
Good luck
UBER trade ideas
Can $UBER > $90 before the election in 2024?Note from Daily Argus Market Mover on 07/18:
Uber operates networks for ride-sharing, carpooling, food delivery, etc. Its smartphone app enables consumers to contact drivers, arrange a meeting point, and get to a destination in a cash-free transaction. Uber has operations in more than 700 cities on six continents.
Since an IPO in the mid-$40s in 2019, UBER has been on quite a roller coaster ride. The stock eventually cratered to $14 during the pandemic. That was followed by a massive rally to $63 by February 2021. By June 2022, the shares were back to $20. While it took time to bottom, UBER got in gear early this year, rising to $38 by February before tracing out a bull flag back to the 21-day exponential. The stock soared in early May on better-than-expected results and has been crawlinghigher over the past couple of months.
Argus put a stop-loss just below chart and moving-average support at $41. We would take profits at $50, with larger long-term gains possible.
UBER Bullish Pennants for ContinuationUBER on the 15-minute chart this week has printed a small bullish pennant pattern
then continued into another larger print of the same pattern. The Price Volume
Trend Oscillator went red to green as the initiation of this trend over the past
two days. Trading volumes have pushed prices and are in the range of double the
moving average. The zero-lag MACD indicator shows a pattern of bullish
momentum in the mornings followed by fades at lunch and afternoons.
I believe that this 5-6% trend up has another 1-2 days to go before a profit-taking
session to close out the trading week.
UBER ShortEarning 5/2/2023 (Positive)
Open GAP and ran into Supply Zone, breakout and pullback
Short Sell 37.5
Stop 42.6 -- next supply zone
Target 30, 24
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
UBER - Rising Trend Channel [MID -TERM]🔹Strong development within a rising trend channel in the medium long term.
🔹Price surges after POSITIVE rectangle formation break through resistance 29.76.
🔹Support 37 in NEGATIVE reaction.
🔹Technically POSITIVE for the medium long term.
Chart Pattern;
🔹DT - Double Top | BEARISH | 🔴
🔹DB - Double Bottom | BULLISH | 🟢
🔹HNS - Head & Shoulder | BEARISH | 🔴
🔹REC - Rectangle | 🔵
🔹iHNS - inverse head & Shoulder | BULLISH | 🟢
Verify it first and believe later.
WavePoint ❤️
Analyzing Uber's Stock Performance and Future ProspectsUber Technologies Inc. (NYSE: UBER) has been grappling with challenges in maintaining a consistent stock price above the $45 mark. However, if Uber manages to break through this resistance level and sustain a position above $45, it sets the stage for a potential breakthrough towards the next target at $49. This stock analysis explores the implications of Uber's struggle and the significance of reaching $49.
Struggles at $45: Uber's stock price has encountered resistance around the $45 level, where selling pressure has impeded sustained upward movement. Identifying the factors contributing to this struggle provides valuable insights into Uber's market dynamics.
Market Dynamics Influencing Uber's Stock:
a. Competitive Landscape: Uber operates in a highly competitive market, facing rivals in both the traditional taxi industry and the ride-hailing sector. Intense competition can impact market share, profitability, and investor sentiment, potentially influencing the stock's performance.
b. Financial Performance: Uber's financial health, revenue growth, and profitability are critical factors affecting the stock price. Factors such as rider and driver engagement, expansion into new markets, and the success of diversification efforts can influence investor confidence.
c. Market Sentiment: Investor sentiment plays a significant role in determining stock price movements. Positive news, industry developments, and market conditions can create favorable sentiment, potentially driving the stock price higher.
Breaking Through $45: If Uber successfully breaks through the $45 resistance level, it signifies a positive shift in market sentiment and investor confidence. Breaking barriers can attract new investors, fueling further upward momentum in the stock price.
The Next Target: Reaching $49: The $49 mark becomes the next target for Uber if it surpasses $45. Achieving this milestone indicates a significant breakthrough, further solidifying investor confidence and signaling the potential for continued growth and positive market sentiment.
Key Considerations for Investors:
a. Fundamental Analysis: Assessing Uber's financials, growth strategies, and competitive positioning provides a foundation for understanding the company's potential for reaching and sustaining the $49 target.
b. Market Conditions: Considering broader market conditions, industry trends, and macroeconomic factors is essential. These factors can influence investor sentiment and impact Uber's stock price, affecting its ability to reach and surpass the next target.
c. Risk Management: Evaluating risk factors associated with Uber's operations, regulatory environment, and geopolitical events is crucial. Understanding and managing potential risks is integral to making informed investment decisions.
In conclusion, Uber's challenge in staying above $45 highlights the obstacles it faces in a competitive market. Breaking through this resistance level and targeting $49 signifies a significant breakthrough and can enhance investor confidence. However, comprehensive analysis, including fundamental evaluation and market considerations, is vital to understand the underlying dynamics and make informed decisions regarding Uber's stock.
$UBER - Scaling Down as a Risk and Emotional Managing MechanismJust updating this idea :)
One good idea to manage emotions and hedge against the risk of losing back our profits to the market is to scale down once a logically placed target is hit.
Pursuant to our volume profile analysis, although this market might as well keep on climbing, some bearish pressure is likely to step in at this level (is sufficient for a reversal, no one knows and it depends on the state of the general market as well).
For this reason, at this moment. the odds are not slightly imbalanced and not any longer at full force on our side, the bulls.
Take partial profits , scale down and one of 2 things happen:
1. The market moves against you and you remain relatively happy since you have already locked in some profits.
2. The market keeps on climbing and you remain relatively happy because you are still holding a long position.
REMEMBER: Drawing lines on a chart means nothing if you do not manage risk. Nothing.
Cheers,
Tenacious Tribe - Quantified Trading Strategies
Get ready for UberUber IPO price was at 45 in May 2019. From May till now, it has plunged nearly 43% to a low of 25.86.
Not sure if Uber is out of the woods yet fundamentally, but looking at the chart, it has ended its bearish descending wedge. So, I would be initiating a small position to test it soon.
Here's a series of Uber articles for your reading pleasure :
www.straitstimes.com
bullish day but I think longs should be cautious here 👌UBER has a history of giving back gains after big pumps, at trend resistance/pivot level resistance as well.
very dangerous to long here at cluster resistance. I'm bearish short term.. but open to change my bias if trend resistance does break. potential dip to trend support before more upside.
boost and follow for more! thanks <3 see you tomorrow with more
UBER is still bullish short-termUBER had a massive price jump yesterday after the upbeat earnings and is approaching Resistance 1 (37.50), which rejected the February 08 High. That was the last Higher High of the Channel Up pattern that started after the June 30 bottom.
We expect this trend to continue for a new Higher High at 39.00. If we get a 1D candle close above the Channel Up, then we will resume buying targeting the Resistance 2 at 42.50. If the top of the Channel Up rejects the price we will wait for our next buy on the 1D MA200 (orange trend-line) near the bottom of the Channel. Note also that if the 1D RSI gets rejected inside the red circle as the previous two Highs did, it will be an additional sell signal.
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$UBER - UpdateUpdating a previous idea:
- Back in Feb 2023, that attempted breakout, as pointed out by the red arrow, once looked like an aggressive, marubozu breakout candle.
- Back in Feb 2023, it was, as usual outlined that a hack which will save you money is to wait for the candle to close before drawing your conclusions, and subsuming the pattern into your set ups and triggers.
- The same follows for the current candle. Should it close as is ... and bear in mind that today is the first trading day of the month (my timeframe), then we have a confirmed new series of higher lows and higher highs, and hence a confirmed uptrending market, therefore a potential bullish trigger.
- Keep in mind that this market is loaded with overhead supply. Perhaps one could consider scaling down from this trade if it develops in our direction. Say half a position once/if target 1 hit and the other half one/if target 2 is hit.
Above all, remember that nobody knows the future. Reality is complex. Too complex to fit neatly within these lines, areas ... anyone's individual considerations, technical or fundamental, even if that person is a Nobel Prize laureaut, or whatosover. Therefore, the name of this game is: Risk Management. Manage risk, manage risk, manage risk ... trade small, diverisfy, cut losers short ...
Cheers,
Tenacious Tribe - Quantified, Profitable, Trading Strategies & Studies
