UBER has a clear cycle of about 6 months.
- The 3 Lines are all down and form a tribble bottom
- The RSI is oversold
UBER can come a bit lower but the reversal is near.
Weekly chart.. Major rising wedge forming here.. Price is now correcting back to supporting trendline.. expect a move down to 50-53 before a final leg up to new highs.. Major correction coming 2025.
Short entry for now is below 68.00.. 68 as you can see is major fib and also 100ma is around 69.. wait for a close below 68 and short with your first target 57$ gap...
UBER is on my watchlist for this week
I am looking for a pivot creation within the orange zone
I have traded UBER in the annotated points in the past
I have left the annotations so that you can see my trading style
A pivot breakout with a good volume would signal a buy for me
I am looking at 'cheat' buy.
Uber (UBER): NYSE:UBER
We've recently added Uber to our portfolio, noting its astonishing 400% rise from the COVID-19 low of $13.71. This surge is significant, and we anticipate that in the current wave 3 we're experiencing, the price could reach between $101 and $201. The precise target seems to lean towards the $101 mark, aligning with the 161.8% extension...
🔉Sound on!🔉
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
Ubers momentum indicators and price action has started to stall while sideways distribution patterns are printing out. This is since hitting key fib extensions that uber has previously reacted strongly off of. I expect uber to start retracing very soon and start a slow down tread looking to retest $50-$59 price block area.
Looking for a small pop then drop down into 72ish. its fighting in this range but its just not gonna make it. Inverting the chart makes it easier to play the down side. just dont forget to undo the inversion like i did lol. retest of the imbalance then onto the box below.
Uber Technologies (UBER) reported earnings of $0.66 per share on revenue of $9.94 billion for the fourth quarter ended December 2023. The consensus earnings estimate was $0.15 per share on revenue of $9.77 billion.
UBER fell a little after good earnings. Apparently traders where disappointed. It then rallied
for three days to close out the week. The following week it retraced the rally for 2-3 days
and then consolidated for a week with a re-awakening of bullish momentum in the past prior
trading day. From here, I believe that UBER is ready for potential push to an ATH ...
UBER forming a gorgeous flag after a post earnings run up. Price is coiling nicely and RSI has been hovering near overbought, but holding there signaling impressive strength.
