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.
Prices are moving inside a channel. The idea is to hold. Option 1 only if the support level or 34.5 will not be broken, otherwise Option 2 might be the most likely to happen. A very risky option is to go short for a short term investment before going long for a long term investment.
more potential the UBER stock going up next days, so if the price crosse 40.68 we can see the price between 43.00 and 47.40
today or tomorrow we possibly hit target with UBER reaching $38 - one of the good times when projection works well .. see post from 2-3 weeks ago. there's great learning here, that even with the negative pressure across the market last week, the momentum in UBER still managed to survive. we'll hold, since we see a strong momentum that shows possible upside to...
After a March all-time low (ATL) under $20 a share, UBER took a strong bounce back to the $30 range and looks to be in a consolidation pattern. Special note: There is still much room to the downside that may need to be cleared out. However, the scale and diversity of Uber's product line and growth strategy do have potential. Should UBER post a profitable quarter,...
Uber is making great upwards progress in spite of the downward pressure from the broader market and bears. It will likely retreat to the golden zone in the following days, but ultimately we are in an uptrend. I think it will fail to break the high (38.78) off the March lows. E: It could touch 32 T: 36.14 T2: 37.54 S: 31 +/-1
Uber forming a nice wedge on the weekly. I'll look to buy on a breakout to the upside.
Uber is building a weekly coil with overhead resistance around 36.5, unless it decides to breakout. I will be taking profits on calls at 36, purchased at 33.8. (Leaving a runner) Good RSI positive trend as well. Good luck trading!!
Quick update on where we are with UBER - we still hold the long position through the drop that happened earlier in August on the tail of the negative news regarding legal issues - which interrupted a possible breakout - UBER is attempting another breakout with renewed demand and bullish sentiment according to the V.Viewer and the UTO -- the UTO is also showing...
After closing today @ $31.41 NYSE:UBER formed a bullish engulfing candle which swallowed the 5 previous candles. This candle formed after downtrend. Target 1: 32.38 Target 2: 34.28 STOP LOSS: 27.60
Go long UBER entry: 31.04 stop: 28.4 TP: 39 risk-reward = 3 Reason: bullish key reversal candle in the support zone
I WOULD TRY GOING LONG OVER 500 TODAY FOR A MOVE UP TO 504, 511. TRADE IDEA: 505C 8/21 LOTTO*
I WOULD GO LONG OVER 32. SWING TRADE IDEA: 34C 9/4 **$UBER UPGRADED TO OUTPERFORM FROM NEUTRAL AT DAIWA $UBER, $LYFT WIN REPRIEVE IN CALIFORNIA DRIVER PAY DISPUTE - CNBC CITING REPORT
NYSE:UBER seems to be in the last leg E of the expanding triangle ABCDE of the bigger wave (Y) . I expect a bounce from the level 29.25 and we will see if it is the beginning of the impulse wave (3) in the bigger frame or it will continue its correction.