phongthienphihong

UBER Volume Analysis

Long
NYSE:UBER   Uber Technologies, Inc.
See arrows to indicates direction of the volume. Seems like this is a unfinished auctioned conclusion happening meaning the jump was too quick by an institution. They want to absorb all the supply every trading hours to complete their full position maybe ?
Green light with a (1.000) ratio are fibs projection forming potential support if we break the strongest one for now.
Waiting to see here if UBER will start to show some strength before entering anything. Any high RR play can be valid here.
I will be personally take a sub 15 delta play on this one for options.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.