1/ In last 4 trading days starting from FEB-7, majority of 30 minute BARS touched the PINK area, so that area is Tested on FEB-13 . Coincidently this pink area aligned with Camarilla S1 Pivot. 2/ FEB-12 Lyft Quarter disappointment numbers (10% down), showing above "pink area" (max. number of 30-minute bar touches) Test UBER on FEB-13
Welcome fellow Tradingviewers, Our first individual stock pick of 2020 has been outperforming our expectations. Resulting in almost 40% profit without any leverage! In an Interview the CEO of UBER announced that UBER is going to be profitable by Q4 a whole year earlier than expected. Besides the great news, we also had a great earnings rapport indicating upside...
Uber strong earnings gap friday. Breaking out of long term base and channel on volume
If you are purely a pattern trader, Lyft is looking fantastic, with a measured move to $62. I would look how earnings are (reported this week), and if strong, can buy the breakout of this triangle, and if weak, can potentially buy at the bottom of the triangle, for a future breakout. Great looking chart. Options up to $55 make a lot of sense on this one. That...
Ubers just been way too strong to ignore lately. Huge positive with the Uber Eats news, although it was known - the beating this sector took late last year - it was bound to help fuel the buying. I'm not adding to my position but waiting to see if we pull back to the $34 area. Cup I drew out shouldn't really be thought too much into, just curious to see if a...
Uber if it is able to hold the support of 36 should see the target of 45. Have mentioned the level in the charts , personally entered at around 32 when the first channel breakout happened. A lot of struggle since the IPO but it is still a good bet.
Uber looking for a potential short term rebound through the pivot point around $33.00 Look for opportunity to take profit at 35 where it initially lowered months back. 15% profit swing trade set-up.
wth lunch of B.C into the ride hailing ... there seems to be some ground shifting ... could be a potential turn around for Lyft and Uber . lets see how the chart signals this in short term
UBER weekly candle closing ABOVE the IPO level is a massive sign of strength. Besides, we are seeing a strong supportive indicator called Red to Green, with the IPO line being the benchmark. If you are managing your portfolio, I’d consider this busying opportunity! Don’t buy too much though. Do it gradually. Guys, like, comment and subscribe. Stay safe and...
It does not take a degree in financial accounting to understand that TESLA is a dotcom era-like bubble unicorn, like UBER, SNAPCHAT and many others, that are being kept afloat by the world being awash with free money. Companies, that can’t churn a profit for YEARS can’t be worth tens of billions. It is a couple of years till Mercedes, BMW, Lexus and other car...
UBER has recovered 50% so far of the sell-off since the July high and is now close to the 0.618 Fibonacci retracement level. With the RSI on extremely overbought levels both on 4H (RSI = 85.104) and 1D (RSI = 84.218), we expect a pull back and consolidation here within the 0.382 and 0.618 width. The 4H RSI is on a Channel Up since the November bottom and its...
The biggest overhang, besides bearish shorts, has been former CEO Travis Kalanick exiting his holdings since lockup expiration. Kalanick has sold about $2.1 billion worth of stock. He now has roughly just $600m worth of stock to sell. While some view the former CEO selling as bearish, we disagree because he was pushed out. Kalanick hit the lotto and is cashing...
Our subscribers are now up 25% since we recommended $UBER last month at $30. As we said, Kalanick's stock sales were a major drag on the stock and that once he was done selling, $UBER would climb. We were right on the money. Our next target is $42. In $UBER news: Guggenheim analyst Jake Fuller sees Uber's revenue and EBITDA outlook as favorable heading into the...
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