Absolutely beautiful play on Uber so far. If you check our previous charts, we've been buying $Uber between the $28-$33 range and up +60% on this one so far. Anything under that $45 IPO price on this one was a gift. We've moved up our stop loss to lock in out gains, but we still love this stock for the long term haul. Uber recently closed it's deal with...
Uber stands to benefit from possible recovery with positive vaccine news after hitting our previous projection, yesterday Uber broke out into a new price range and on good volume - our next projection based on price structure and volatility is a measured move of ~$13 from a base of $46.5 -- takes us to $59.5 the confirmation we need is that with a pull back, Uber...
UBER ABOVE IPO PRICE. PRICE DISCOVERY NOW. ECONOMIES RE-OPENING: BULLISH
This usually occurs when a security’s price has been rising over time The trend lines drawn above and below the price chart pattern can converge to help a trader or analyst anticipate a breakout reversal. While price can be out of either trend line, wedge patterns have a tendency to break in the opposite direction from the trend lines. Therefore, rising wedge...
Airbnb is an online rental marketplace for lodging, home stays, and tourism experiences. The company does not own any real estate listings, but offers a platform through which people can take part in the sharing economy. Airbnb announced its filing for an initial public offering (IPO) in August. In this analysis, we’ll be going over everything investors need to...
If UBER doesn't hold new support at 48 range it could fill a large gap back down. potential short if UBER doesn't hold support at this high level.
In the near term, expect a correction that might dip as low as the bottom price target followed a consolidation centering on the higher target of $36. After Uber has finished its correction, expect it to target $60+. Basis for analysis Uber has finished or is finishing an Elliott Wave cycle Wave 1 following a leading diagonal structure. As depicted, the wave...
It's been exactly 1 year -to the day- since I published the last analysis, so here is to the anniversary . UBER saw a huge breakout after Weekly Lower Highs : After the breakout, on the smaller timeframe now, we're building a nice C&H pattern with potential for bull continuation. Fundamentals: Think about which companies got disproportionately punished...
Absolutely incredible run! Loop has delivered some fabulous news to the public which helped the pump but could not sustain it. Looking to retrace to .76-.66 and then to re-enter my position. Great team, great product, cant get to attached to a stock but this company is moving. VANCOUVER, BC, November 18, 2020, Loop Insights Inc. (MTRX:TSXV) (RACMF:OTCQB) (the...
LYFT starting to move after a POST IPO dump. Looks good on the long side taking into consideration UBERs recent move above its IPO level. Entering the Food business, I believe further government regualtion will be good for the stock. Potential double bottom, trade into $50 resistance level.
Uber (UBER) seems like is currently correcting at the 4th wave of its 5 wave structure, it's likely to correct to the 0.382 retracement level of its 3rd wave to $40 ish before UBER shoot up to its 5th wave target, also, we do have the previous pivot high at $40 as the support which was all the way from June. Thus, look for a correction to $40 ish and add for $55...
Our UBER Leaps has gone ITM we are updating the current breakout pattern. To the minor time frame, a minor corrective wave (ii) into 41-43 level before UBER sets up for another run completing an impulsive 5 waves higher into 2021. Will be looking to establish more longs if UBER drops into 41 with some Leaps.