Can assume non-existent price data to fit patterns to current prices? If so, can we reduce our risk when we do it? Here’s one such possibility of fitting a pattern to Uber’s price based on a hypothetical ABC correction starting at about $82. I’ve aligned the pattern to the hypothetical wave C. If true, then we should buy Uber between 29.94 and 26.17. This model...
$UBER currently at a strong support zone. Looking for $UBER to bounce back to $34. UBER
-Bearish cross on Macd incoming -Break of symmetrical triangle -Large volume for confirmation -Targets indicated below
- Inverted hammer - Not much support below $29.30ish - Gap fill to $23 - Earnings tomorrow
- After bear flag break, clear selling volume selling drying up - rounding bottom reversal pattern - pick in volume to the upside - coming into volume shelf - 30 minute wick has some down side selling pressure into the volume shelf
- GIANT bear flag - Uber report shows sign of weakness, only propped up by Uber eats, which Lyft does not have. - Looking to fill gap to $22.20
The stock only gave up the move from the last 2 days. On the weekly timeframe, the bulls just took made a statement. Lets' see if they follow through next week.
Technicals on all time frames look good to spike up post earnings. Bears that don't know about $UBER eats are going to get crushed. Profit miss and revenue beat will take this back up to $38 by September.
4th uber chart. double top filled and a support found. looking at an ER run up and honestly expecting uber eats to be their savior.
There is valid Positive Divergence in the 15 mins Chart for Uber. Stop Loss at 29.72 Take Profit at 34.26 Be cautious because Uber is still on downtrend.
EARNINGS: There's a bunch, but here are the ones that interest me most for volatility contraction plays: BYND (46/87/17.2%)*, announcing Tuesday after market close. ROKU (40/84/16.6%), announcing Wednesday after market close. SQ (40/74/13.4%), announcing Wednesday after market close. ETSY (38/74/14.8%), announcing Wednesday after market close. UBER...
An alien who abducted me during 2016’s US election cycle taught me this one trick to get rich quick in 2020. Then he probed me.
Evening Traders, Today’s analysis –UBER- breaking range support bearish, the immediate target is the supply zone upon a valid bearish retest. Points to consider, - Macro trend bearish - Range support S/R flip - 200 MA resistance - Oscillators below 50 - Volume below average UBER’s macro trend has established consecutive lower highs, this helps determine...