This chart is free of clutter, I would just like to show the sell signal on the 4Hr. I have purchased 75 contracts for UBER to hit $45 a share by next Friday. If it hits that strike price at any point between now and then I will be selling my position.
This is not just a single sell signal, there are many sell signals on every chart from the 1min to the 4hr and Bollinger Bands are giving sell signals on every time frame as well. With an extremely high RSI we can expect UBER to drop.
@MrDGF, Best of luck to you. Will be monitoring closely. Still a ton of room for the stock to fall!
Teklologist
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Yes sir! I’m right there with you. Awful experience with my broker this morning but I’m in position now. I think if price closes below $46 this week, then we could see a further drop to $37, next would be $34.
Myantman101
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@Teklologist, I would make a nice profit if it were to drop that low!, we'll have to wait and see! Good luck
Myantman101
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@Teklologist Hoping to see if fall below $46 tomorrow. Maybe $37 during the Friday sell off? If there is one. Currently 0 bearish divergence even with it dropping 2 consecutive days. Might go down the rest of the week. Entire market starting to cool down also. Lots of factors in play.
Teklologist
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@Myantman101, I think there is bearish divergence on certain timeframes. In 1hr chart below, purple lines indicate RSI peaks (top oscillator) and the pink line indicates MACD peak (bottom oscillator). The blue line indicates price peak. I think price could reach about $37, but I’m not sure by when. Could be between this week and early December.