Don’t fall for Uber’s trick, instead play nice and wait for it’s Treat. Yesterday, Uber didn’t gain like most of the market did. Instead, Uber faked a close under 20 DMA but bounced upwards right at close. That bounce coincides with a long term trend line that had been acting as resistance but now appears to act as support. The pink vertical lines indicate...
Cup & handle formed, but failed to get past the line of resistance for an upward continuation - let's see if we can get past it next week.
today was a bit choppy after trump's stimulus tweet. let's see if this cup and handle goes as planned...
UBER has been building an IPO base for a while. Similar in look to SPOT and BYND before they broke out. And if you want to go to the 'way back machine' check out CHGG after it IPO'd. UBER has a chance to provide some huge returns. Watch for a break of the downtrend line and follow-through above the blue shaded area. Top of the watch list for me!
10 20 50 and 100 DMAs BB macd gaps volume ... all confirming a possible breakout above the long-term wedge pattern. Please wine and dine her first, gentlemen.
Uber has broke our first resistance trend line. If it able to break above second resistance $38 resistance line, we will see bull trend intact.
Following up with the NYSE:UBER stock movement, we might see a drop into the $36 or lower as a wave 2 correction (Zigzag Pattern). If this is the case it would be good opportunity to get in from there.
Any chart that isn’t tracking this is wrong. Breakout confirmation can be closer to 36.65 but ~$37 is sufficient. Price will target 1.618 fib level if valid.
$UBER Double Bottom - Downtrend Breakout After moving counter-SPY during the initial pullback beginning September 3rd, $UBER pulled back to ~$33 and formed a clear double bottom. After forming this bottom it broke out of a downtrend line at $34 which has also acted as long term flat-line resistance. BTO $UBER 10/2 $35c avg $.50 Bonus Trade: BTO $ETSY 10/2...
Check out our previous $Uber posts for more in depth analysis. This is just your quarterly reminder that: 1. Uber is surviving the pandemic 2. Uber Eats thrived during the pandemic 3. Uber just won its appeal against the London ban 4. Uber is still below is $45 IPO price from over a year ago We're in this one overall for the long haul, but we love to swing...
NYSE:UBER seems bullish after finishing its correction wave ( wave 2 blue ).
The previous price projection was bulls-eye accurate. Uber hit the $38.5 level and switched downward. i didn't close the long there -- there's really little use of having a good projection if we don't act on it, right : ) ? V.Viewer tells us the next balance point if another move up is to happen, is somewhere between the 2 red lines $34.8 to $35.6'ish -- which...
Using Standard Deviation rules and a Fibonnaci Retracement channel we can track the range bound movement of Uber and help determine the next probably trading range. Testing near the highs of the range showed some resistance as we closed yesterday with a strong bearish candle. showing inability to regain strength could signal a potential reversal of price back...
NYSE:UBER seems to be in the C leg of the ABC Zigzag wave (Circled). We might see a 5%+ drop this week.