Strength on UBER recently has me interested. 10K still doesn't add up to what this trades at but I do like the intrinsic value they have built. I'm a small buyer sub 42 right now but think this moves higher in the coming months - assuming the market can be calm. Hard company for me to pull the trigger on and be confident with in the short-term. More earnings calls...
UBER is about to make a large movement.
I don’t usually operate on 1h candles, but with Uber we don’t have much history to look at. In the three weeks since its IPO, Uber has been surprisingly boring to watch. This is mostly due to the unfortunate timing of its launch. In the week of Uber’s IPO the market experienced its highest volatility since the Christmas...
TD sequential shows a red 2 going below a red 1 at a key support level. SHORTING Opportunity here.
This one is too good to miss * not financial advice :P
possible Fib retracement targets are 39.43 or 38.35
and now we play the waiting game, will be a few hours before we see this play out.
Keep it simple folks.
UBER clearly didn't get a good start on its IPO but i think if you invest now, its not going to be profitable in the long run, at least not for a couple of months. Swing traders could take advantage of the dips during some trends but long term investors should wait a couple months. NYSE:UBER
not much to say, chart has shown some resistance at drawn line which is first indicator for another down wave as well the RSI which is near resistance line - for me is Uber fair valued under 40 $, the whole us stock market has lost value today and in my opinion this will continue in the next days - good risk reward trade (4,5)
fib levels reacting nicely. New here to all this . I only know analysts chat reading. mater of fact im down 6 k in my first year so you shouldn't listen to me. Hoping to make that back this year with what ive discovered. Ive been playing with the fib tools and this is what ive found...
The Fib droped down to 3 then up to 2 and back down to trailing on the 2.618...
