UBER Ascending Triangle UBER forms an Ascending Triangle Pattern with resistance at 34.24 and more high lows. it seems that the breakout point will be, when that resistance line is broken at 34.24 around middle march (?)Longby we_axolotlUpdated 666
Uber Is About to Have a Golden CrossRide-sharing company Uber Technologies has had bad times and good times since its IPO last May. First, it had to cut its offer price. Then it fell all the way down to the mid-20s as investors worried about its profitability and sprawling operations. But one by one, CEO Dara Khosrowshahi has moved to address those issues. He's exited non-core businesses and focused on making money. As a result, UBER was able to move forward its profitability goal the last time it reported earnings on February 6. The stock gapped higher at the time, but then coronavirus came along and smashed it down to where it began 2020. Meanwhile, enough time has passed for UBER's 200-day simple moving average (SMA) to appear. And guess what? Its 50-day SMA is about to rise up through the 200-day SMA. A "Golden Cross," could potentially occur in the next 1-2 sessions. Another pattern on the chart is a tight ascending triangle since last Thursday. UBER's made incrementally higher lows while pushing against resistance at $34. That could be a potential trigger level for traders looking to hail a ride on the stock.Longby TradeStation11
Joshuas Prediciton #2Following the unbridled success of his previous call, we learned a very important lesson. The Jews run the finance game. Don't doubt him. Uber to 41 by April 1st. Buy the Rumor, Sell the News, Never Doubt the freakin' JewsLongby digiclaw224
Blood Bath pattern still intact!I am still leaning toward bearishness based on recent earnings and current sentiment. This is a great name to invest in but wait for much cheaper price. The current wave still looks like a ABC corrective wave to me. I am looking into the price movement of next few weeks to validate my bearishness.Shortby justinl619Updated 6
trend lineif the market do well tomorrow, Uber could follow this trend line and bounce. It would be interesting to watch.by yasen362113
Approaching good buy territoryRSI oversold, but looks like we can bounce to the $33.60 range on the 50% fib and matchup with a retest of the uptrend line that has been in place since November 2019. If the red trend line breaks and closes below, then this trade should be aborted. Not financial advice. Happy punting! I for one will be wasting 1000's of dollars in short term call options if the test of $33.60 range happens hoping to catch the short term bounce. by donthavename1231
UBER --- hitting the Fib Retract 618 levels now...UBER --- hitting the Fib Retract 618 levels now... interesting pulldown --- in theses cornavirus times we are in. IMO. Good time to purchase some stock in these lows. (It go lower) never know - but Good values now. - NEW YORK Analysts Target $49.59 ▲ (29.13% Upside) ___________________________________ Disclaimer: Always do your own due diligence, full research, and homework, and consult with your own licensed investment professional before any investments. Any comments and analysis seen here are personal opinions, and we are not registered or licensed in any jurisdiction whatsoever to provide any investing advice. Any analysis, charting and comments should never be used for the purposes of assisting in any advisory decisions with any stock purchase or sale, and never to be used on the basis of making any kind of investment decisions. It is for the sole purposes of opinions and thoughts only of the markets. Thank you. by eziolisi_Investments5
UBER 21 EMA Break | Bearish Divergence| Corona Virus Hello Traders! Today’s update will be on UBER, confirming a bearish divergence as the whole stock market tanks in response to recent developments on the corona virus. Points to consider, - Failure of higher high - Critical 21 EMA broken - Structural support in confluence with .50 Fibonacci - RSI confirming bearish divergence - Stochastics projected downwards - Volume trading at average UBER has put in consecutive higher lows with a recent failure of a higher high signalling weakness in the bulls. An important EMA (21), broke, a daily close below this level will increase the bearish projection. Structural support is critical as this area is in confluence with the .50 Fibonacci, buyers are likely to step in if UBER retraces thus far. The RSI confirmed the bearish divergence by putting in lower highs whilst the price put in higher lows. Stochastics on the other hand is projected downwards with lots of stored momentum. Volume is trading at average, signalling that pressure from both buyers and seller is evident. Overall, in my opinion, a confirmed close on the daily will increase bearish projection as the corona virus uncertainty takes its toll on the markets. A retracement to structural support will be likely if the outbreak worsens What are your thoughts? Please leave a like and comment, And remember, “In order to succeed, you first have to be willing to experience failure.” ― Yvan Byeajee by AzizKhanZamani5528
UBER approached the Wolfe Wave aimAfter the huge breakout UBER price approached the aim so price may start a market correction right now. That is a good point for take profit. by ebufinanc6
UBER like it for some post earnings drift higherLike UBER long above 40ish to to 42.50 then 45.50. Best case we get a few days of consolidation then a nice break back to all time highs. Longby WadeYendallUpdated 11
$UBER ascending trianglePrice is clearly following the blue trend line and is nicely going back to retest resistance at $41.5 forming and ascending triangle. That happened few times before and each time price shoot up after breaking resistance. Target is above 43$ short term before a pull back to the 50 MA.Longby woodsb3
$UBER - LongFull disclosure - I am already long since $30. Just looking at this, I still have a target minimum of $45. Not bad to play this falling wedge pattern. I would wait for the break or retest of support to confirm entry. Longby TradeAlchemy4
UBER Volitility Expansion Trade/ Mean Reversion of IV TradeWhen looking at UBER, we see that the implied volatility rank is zero, so we would like to see a mean reversion of the IV. When looking at it from a technical/price action perspective we see bullishness, but from a fundamental perspective I'm bearish. So, with that said, we don't want to guess prices yet want to capitalize on the IV expansion in UBER. The way in which we can do this is to do a long iron condor on March 13th expiration, while doing a short iron condor on the February 28th expiration. This trade provides us with a long Vega bias, while being delta neutral, and theta positive. If you want to see a full explanation, I have provided a link to a full video in trade updates below.by Therealalphaaction2