Description
⋅ 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.
Trade active
⋅ Mostly sideways with relative strength compared with the general market.
Trade active
⋅ A bit of an uptick allowed the stop loss to be cut in half. Holding full position.
Trade active
⋅ UBER did a fakeout breakdown and then rallied into the channel to resume bullish continuation. Full position ongoing.
Trade active
⋅ Others are profit taking today. I find the small dip an opportunity to load more shares.