Uberlong
Uber: Bullish Pocket PivotBullish signal based on today’s closing price and volume.
Closing price was trending lower until today
Price closed higher than yesterday
Volume higher than previous 10 days
Price broke above 10 dma (cyan)
Price broke above 20 dma (blue)
Price bounced at about 50 dma (dark blue)
Uber Among UsMight be difficult for Uber fans to find this chart because I had to overlay Uber on a cryptocurrency chart to have the time scale include all days of the week.
Target price ranges between $63 and $90, but $66 is highly probably based on wedge, EW, and Fib as shown in chart.
Displayed in the chart is as follows:
Wyckoff accumulation contained by a wedge having a pink top trend line and blue bottom trend line. Each of three touches to both trend lines is indicated by a pink or blue vertical line as appropriate. The green vertical line indicates when price high confirmed breakout above the wedge. Note: price close and low has yet to confirm breakout. Therefore, one could argue that Uber remains in accumulation.
Elliott Wave leading diagonal wave 1 - bound by the orange channel, wave 2 - bound by the purple triangle, and part of a wave 3 that will likely be extended. So far, a lesser degree wave 1 and 2 have ended as well as a further lesser degree wave 1 and 2, indicated by the gold vertical line.
Fibonacci levels based on price at beginning and end of wave 1 (13.71 and 38.78)
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Uber: Trick or TreatDon’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 bounces off the trend line by a high, low, open, or close price. If the trend line is valid support, then price could rally, slowly or quickly, to an ideal technical target price of $66. However, a more practical target price is closer to $54.
Like, follow, and let’s see what happens.
😭 Sorry Guys... Kind Of Late On (UBER)💰 LET'S GET INTO SOME UBER ANALYSIS!💰
1️⃣ First off SMASH that LIKE BUTTON & Give us a FOLLOW for DAILY ANALYSIS! ❤❤❤
(Overall Market Sentiment) 🐻 Bearish
- Man I wish I would of had checked this one on the daily chart about a week ago. Beautiful crossover Crossover ema dots played out. No worries, let's catch the new wave!
- We are getting a red Crossover with an engulfing candle, this would good be a good short but we need to consider how close we are to support. I would rather look for the breakout on the 31.50 support to go short for most likely a 10-13% play to the next low.
- We so have one previous touch at 31.50 and rebounded but not by much! Let's see how it holds up. If it did hold and compressing with a green Crossover we will go long based off of the fact we did have that recent support.
- All 3 ema dots are firing red.
Drop your chart below in the comments section and share with us what you think will happen next! ❤❤❤
Thanks for checking out our analysis! ✌😁✌
🥇MLT | MAJOR LEAGUE TRADER
#NYSE #UBER The Bright Future Long Position Before my explanations and forecasts, why do I call Uber shares as a "Bright Future" on NYSE, let us remember some data about them!
Well!
Uber went public on May 10 with an $82.4 billion valuation, and it happened only the last year (2019), do you remember this?
Their start wasn't so impressive...
"Uber raised $8.1 billion in its offering at an IPO price of $45 a share. At a recent stock price of $41.57, the company had a market capitalization of almost $70 billion, based on the 1.677 million shares it had outstanding after completion of the offering."
If you check their just two years graph, you will see their vast loss!
BUT!!!
Here we are in 2020!
Uber is one of the promising company, because of the virus! They are recovering very fast and from the lowest price of their history (March 20 stock price 21.33 USD). Their share price is 36.59 USD, and it has powerful potential to close this massive gap at the 40.72 USD and to continue an excellent long position.
Interest regard of the company is increasing very fast, and it's a perfect chance to buy some shares and to keep them for a long term position.
I used several precise trading instruments, where you can see Fibonacci retracement and their percentage positions. As you recognize, it has already passed 35% of uptrend and will be closer to 50% and more soon.
Overall, most of the technology companies have perfect perspectives, and one of them is UBER, a very fresh and right choice for trading.
Don't hesitate to like and leave your comments below! Thanks






















