if uber opens and closes below the red line buy a put
It breaks up trend in 1 hr frame, still under 50 RSI and retest broken double top suggesting visit 41.70 before continuation the way to 48 as in weekly frame still in up trend.
Earning 5/2/2023 (Positive) Open GAP and ran into Supply Zone, breakout and pullback Short Sell 37.5 Stop 42.6 -- next supply zone Target 30, 24 Risk management is much more important than a good entry point. I am not a PRO trader. In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
NYSE:UBER Analysis, Key Levels & Targets 37, 35, 33 stand out and I bet they all hit… Overbought, I like the company but it’s overvalued here… If you’re long I’d say about 40 for a Stop loss…
🔹Strong development within a rising trend channel in the medium long term. 🔹Price surges after POSITIVE rectangle formation break through resistance 29.76. 🔹Support 37 in NEGATIVE reaction. 🔹Technically POSITIVE for the medium long term. Chart Pattern; 🔹DT - Double Top | BEARISH | 🔴 🔹DB - Double Bottom | BULLISH | 🟢 🔹HNS - Head & Shoulder | BEARISH | 🔴 🔹REC -...
Uber Technologies Inc. (NYSE: UBER) has been grappling with challenges in maintaining a consistent stock price above the $45 mark. However, if Uber manages to break through this resistance level and sustain a position above $45, it sets the stage for a potential breakthrough towards the next target at $49. This stock analysis explores the implications of Uber's...
14th trade in June is NYSE:UBER . Holding period is 0 day. Account is up 2.44%. Total return in June is 22.48%.
Just updating this idea :) One good idea to manage emotions and hedge against the risk of losing back our profits to the market is to scale down once a logically placed target is hit. Pursuant to our volume profile analysis, although this market might as well keep on climbing, some bearish pressure is likely to step in at this level (is sufficient for a...
Entry @ 37.63 (Near Daily Support) SL @ 29.08 (after Recent Daily Bullish Order Block) TP @ 46.46 (Nearest Resistance) Risk: 1% RRR: 1.16
back to 2022 Jan Levels This is making a parabolic move making simple HH and HL have done a small projection as its quite difficult to spot a pattern in parabolic movements with short stop loss ride the train :)
Buying puts on UBER seeing an overreaction to last earnings.
Good to long Good earnings Price b/o Tight price action and b/o Risk management is the most important. I am getting my thought process from CANSLIM and Mark Minervini
NYSE:UBER is leading the way, up 20% compared to NDX and nearly 40% to SPX on the year.
Uber IPO price was at 45 in May 2019. From May till now, it has plunged nearly 43% to a low of 25.86. Not sure if Uber is out of the woods yet fundamentally, but looking at the chart, it has ended its bearish descending wedge. So, I would be initiating a small position to test it soon. Here's a series of Uber articles for your reading pleasure : www.straitstimes.com
Uptrend It can be a pullback to broken lewel inside an uptrend. Buying suggested after Powell speaks.
UBER has a history of giving back gains after big pumps, at trend resistance/pivot level resistance as well. very dangerous to long here at cluster resistance. I'm bearish short term.. but open to change my bias if trend resistance does break. potential dip to trend support before more upside. boost and follow for more! thanks <3 see you tomorrow with more
UBER had a massive price jump yesterday after the upbeat earnings and is approaching Resistance 1 (37.50), which rejected the February 08 High. That was the last Higher High of the Channel Up pattern that started after the June 30 bottom. We expect this trend to continue for a new Higher High at 39.00. If we get a 1D candle close above the Channel Up, then we...
Updating a previous idea: - Back in Feb 2023, that attempted breakout, as pointed out by the red arrow, once looked like an aggressive, marubozu breakout candle. - Back in Feb 2023, it was, as usual outlined that a hack which will save you money is to wait for the candle to close before drawing your conclusions, and subsuming the pattern into your set ups and...