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UBER rising after VWAP bounce LONG
Uber Technologies, Inc.
Long
UBER rising after VWAP bounce LONG
By AwesomeAvani
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Updated
Feb 9
1
Feb 6
UBER on a 30 minute time frame chart crossed over an anchored VWAP about January 25 and
topped January 30th then retested the slowly rising mean anchored VWAP in a double bottom
fashion on the following day. The relative strength indicator is in the 65-75 range and the zero
lag MACD cycling mostly above the horizontal zero level. I see UBER as suitably setup for
a swing trade long when it is near to the bottom of the support trendline in the ascending
megaphone pattern.
Feb 6
Trade active
Mostly sideways with relative strength compared with the general market.
Feb 7
Trade active
A bit of an uptick allowed the stop loss to be cut in half. Holding full position.
Feb 8
Trade active
UBER did a fakeout breakdown and then rallied into the channel to resume bullish continuation. Full position ongoing.
Feb 9
Trade active
Others are profit taking today. I find the small dip an opportunity to load more shares.
anchoredvwap
dash
lyft
megaphone
megaphonepattern
Oscillators
Trend Lines
uber
Volume
vwapbands
vwapbounce
vwapbreakout
AwesomeAvani
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