We broke out of the descending wedge. We are currently testing resistance on the 55 and 100 EMA, on successful breakout we could then test the 0.5 or 0.618 Fib retracement levels to reach our initial target of 44.8 then 45.5. Looking back and seeing our continued Higher High and Higher Low, we'll need to understand how strong the rebound is and monitor channels...
After correcting from its ATH UBER may have more downwards price action but a breakout of the ascending wedge could see us go as high as ~$44.50 before resuming.
The idea of Uber on mass accepting bitcoin has been floated before, though the public has partly been left in the dark. something to think about : coinciding with the Uber IPO, BTC has rallied 100% +. Key support/resistance levels have broken. Dara Khosrowshahi the Uber CEO is an early advocate of bitcoin . Prominent beneficiaries of the IPO including Bill...
ever heard of COKE and PEPSi .... UBER and GRAB a duopoly to rule the world UBER is the GOOGLE in ride sharing...
Sorry, here it is with a larger typo. All the best!
All details are on the chart. Good trading to all :) Waz-
NYSE:UBER Luego una trágica IPO, remonta hasta el precio máximo hasta el que llegó desde que se hizo pública el 10/05. Remontó hasta este valor y en mi opinión mañana irá a testear el precio máximo que tiene como resistencia al cual llegó el 06/06. Veremos donde cierra pero la apertura posiblemente sea sobre el precio soporte de 44,95 aproximadamente, zona que...
Uber is in an ascending triangle chart pattern - bullish bias trade Buy on daily close above 45.00 Use full-size position only if volume breakout candle is at least average. Otherwise, use 1/2 size as long as volume is at least 75% of average. Find your own SL & TPText We are doing a live triangle trading class on our TTT Strategy June 25th @ 2PM ET! If you are...
The charting is difficult for the fledglings, but all of the same. The volume has dropped off a cliff at a new high. Generally not a good sign. I like the service, but it makes no money.
MMHVW - this is a classic chart showing the second day of Uber going public. They may have picked the wrong time to go public. Wouldn’t it be nice pick up some in single digits?
Looking for Uber to push higher to the top of this range it's currently defining. New indicator I'm using here and there shows a bottom detected earlier today and some strength on the intraday at close. Hoping we push above the Green line and on to $45.30 area. Still enjoying Uber price movement, IPOs are hard to predict but IP and Ubers expansion into other...
everyone knows that you always short these little IPO tech stock pumps. great examples include: most recently uber, twitter, snapchat etc etc...(I could pull up charts for these but im lazy and rich) it may go up past 50$ like twitter did but with the user base being smaller than these other tech companies.... itll plummet fast and sooner and stay low for quite...
In name and concept; clones some people refer to fib levels colloquially as clones as well! enjoy manage your own risk much love gl hf xoxo snoop
Not financial advice. I’m not a financial advisor. I’m learning to trade. Learn to trade! Still on course for a possible breakout of a possible ASC TRI
If LYFT can stay today above the $63. I would expect it to go higher. If the candlestick today has a wick on its top (breaking through this $63). I see potentially heavy winds for the stock.
The BTC cryptocurrency rate for the first time since May 2018 exceeded its highest level. The information Facebook Inc. has signed up more than a dozen companies including Visa Inc., Mastercard Inc., PayPal Holdings Inc., and Uber Technologies Inc. to back the new cryptocurrency that the social-media giant plans to unveil next week and launch next year. We...
Pattern: Bullish breakout of inverse Head and Shoulders Edge: No outside edge since this stock just IPO'd a few weeks ago. We are just trading the pattern. Risk Management: Bought at $62.92. Stop below $58.52 (below the 20 day moving average). PT1 is $73, PT2 is $78 (gap fill), then open target for the remainder of the shares.