Hi everyone, after a week off I'm back to the stage! There are still plenty of names that are going to have their earning report this week. Again, this series is more about "How I check up names during earning season" rather than focusing on some specific names or plans. Mon: MAR, SHAK, TSN, TTWO Tue: FIS, MNK, DIS Wed: DDD, AIG, BKNG, JACK, LYFT Thur: ATVI,...
The exchange rate has reached its correction level. It could be somewhere around 39 usd levels. I expect a rise from this level. With the shape of an inverted fractal. In this case, the exchange rate may return to a sidebar. The top of the sidebar is your primary target 45.67usd. In this range, I'm expecting accumulation and then an upward breakout. The secondary...
UBER is dropping out of a rising wedge pattern. UBER lost $1 billion last quarter and is projected to continue making huge losses in coming quarters. Ride sharing is a competitive venture. In the US there is Lyft and others competing against it. Internationally there is Ola competing. On the delivery business there is Grubhub and Deliveroo competing against...
So, we are at the crossroads of two trend supports. An initial trend established early on and a later one defined by the recent higher lows. If we bounce that is strong support for a long, if we break both trends then its not. Simple dimple. Please comment, I see lots of views and no comments, really keen for some comments, any comment, simple comment, complex...
Wave 2 looks to have completed and we should be beginning an impulsive wave 3 upwards. I'm looking for a 1.168 of wave 1. If We are starting wave 3 and not a wave C of an ABC retrcement then we could be heading into new ATH mid-month.
Target 1 was hit from yesterday's chart. A motive wave is almost complete for a continued rise up to Target 2. If we have a trend reversal we could see a correction from Target 2 to retest ATH and potentially surpass.
After breaking the EMA resistance with a small bull flag we've completed an inverse h&s and can project a 1:1 price action which coincides with our 0.5 fib level and T1 target of ~44.72 . A 1:1.618 action would take us to T2 ~45.43. If you viewed my charts and like them please let me know. If you have suggestions please leave some feedback so I can improve, thank you!
We broke out of the descending wedge. We are currently testing resistance on the 55 and 100 EMA, on successful breakout we could then test the 0.5 or 0.618 Fib retracement levels to reach our initial target of 44.8 then 45.5. Looking back and seeing our continued Higher High and Higher Low, we'll need to understand how strong the rebound is and monitor channels...
After correcting from its ATH UBER may have more downwards price action but a breakout of the ascending wedge could see us go as high as ~$44.50 before resuming.
The idea of Uber on mass accepting bitcoin has been floated before, though the public has partly been left in the dark. something to think about : coinciding with the Uber IPO, BTC has rallied 100% +. Key support/resistance levels have broken. Dara Khosrowshahi the Uber CEO is an early advocate of bitcoin . Prominent beneficiaries of the IPO including Bill...
ever heard of COKE and PEPSi .... UBER and GRAB a duopoly to rule the world UBER is the GOOGLE in ride sharing...
Sorry, here it is with a larger typo. All the best!