This is an A+ setup with my pivot point strategy. A long wick rejection of the 9 EMA and 20 SMA AND a pivot point with a cup & handle, I think this is very high probability to run higher, going long at open unless we get headlines. Trade responsibly.
Greetings traders. Today I noticed the daily candle perfectly rejecting broken downtrend line as well as rising channel bottom, and the cherry on top is the daily support level around 45.00.
It's only a matter of time before smart money catches on to this and the unwarranted PLUMMET in share price.
TIGHT STOP: 44.50 (catching knives is risky business) .........
Watching the 4 hour candle close for an A+ rare trade where, after short pullback, long wick candle rejects the Pivot, AND the 14 EMA, WHILE CROSSING the 50 EMA. This looks like a picture perfect setup ladys and gents
Was down a fair bit today during market hours, but in extended trading Uber was up nearly 7.5%, I think big moves are coming. Zomato is about to finish deal to buy Uber’s unprofitable eats in India, Kalanick is out of shares to sell, and on the technical side, Shares have been perfectly rejecting 50 EMA for a week. My price target for February is 36$
At first I thought UBER rising this morning wade for a mediocre long call, but then i looked at the weekly charts and added the RSI and was blown away by the weekly wide divergence, this often precludes monster reversals. Look for UBER to break downtrend today as well as 50 EMA, and it makes for an A+ long call in my strategy. Goal is ~29.00.