Hi, this is my update for UBER. In the last 3 days UBER has fallen more than 20%, we have lost the SMA50 and SMA100, but I think we have now reached the bottom, since we have support level around $45.90, SMA200 (46.74) and RSI is now under 30 so that means that UBER is oversold and it is time for shorts to cover in. So be prepared and don't PANIC ;)
The constant 1-2 1-2 1-2 waves put in on UBER scream consolidation at these levels. The current daily 8 EMA to 21 EMA crossover might be telling us that a big move is on it's way. UBER has also been getting strong order flows last few days, possibly expecting a move higher from this wedge. I have identified clear resistance levels above that UBER needs to break in...
Looks like some bad news hit Uber again with UK drivers becoming "employees" not 1099 contractors. Also the change to reclassify the UK workers will mean that UBER will pay $300m in order to make this change & comply. I stay long and suggest buying between the levels I marked off. The CEO Dara Khosrowshahi has said that UBER eats has made this a completely...
Broke out off the falling wedge + About to break resistance + Hidden bullish divergence. It´s just a matter of time. And it´s also really easy to manage your risk.
the pull back to $48 never happened I did load up on more uber at $52 and I just love this giant inverted head & shoulders. I think UBER does v very well heading towards the end of 2021
Respecting support Reversal candle Clear bullish divergence on 1Hr chart (not visible on 1D) Nice upside Great company, many services "CORONAVIRUS - PayPal Joins Uber’s Effort To Provide Transportation To US Vaccination Sites" 2/26/21 I am holding calls w/ $55 strike and 3/19/21 expiry. Gives UBER plenty of time to see $55 or >$60. This is not advice, only my...
UBER on 4H: Will UBER hit $70 before 2022? RECENT NEWS UBER tumbled last Friday after Britain’s top court said its drivers should be treated as “workers” rather than contractors. TECHNICAL OBSERVATIONS UBER has been trading within an upward channel. We are sitting at support, watch to see if we can move up here. One concern is if we pullback further, there is a...
We are in price discovery, dips are for buying. This stock could hit $200 plus in few months. LT super bullish here I buy and hold and dream.
UBER current breakout pattern is targeting wave (3) upside that may reach 59-64. Our Leaps has gone deep ITM, looking to scale out partial profits into 59-63.
UBER ABOVE IPO PRICE. PRICE DISCOVERY NOW. ECONOMIES RE-OPENING: BULLISH
This usually occurs when a security’s price has been rising over time The trend lines drawn above and below the price chart pattern can converge to help a trader or analyst anticipate a breakout reversal. While price can be out of either trend line, wedge patterns have a tendency to break in the opposite direction from the trend lines. Therefore, rising wedge...
It's been exactly 1 year -to the day- since I published the last analysis, so here is to the anniversary . UBER saw a huge breakout after Weekly Lower Highs : After the breakout, on the smaller timeframe now, we're building a nice C&H pattern with potential for bull continuation. Fundamentals: Think about which companies got disproportionately punished...
Uber (UBER) seems like is currently correcting at the 4th wave of its 5 wave structure, it's likely to correct to the 0.382 retracement level of its 3rd wave to $40 ish before UBER shoot up to its 5th wave target, also, we do have the previous pivot high at $40 as the support which was all the way from June. Thus, look for a correction to $40 ish and add for $55...
Our UBER Leaps has gone ITM we are updating the current breakout pattern. To the minor time frame, a minor corrective wave (ii) into 41-43 level before UBER sets up for another run completing an impulsive 5 waves higher into 2021. Will be looking to establish more longs if UBER drops into 41 with some Leaps.
Looking at $UBER we have made a significant long breakout of angular res but we really need to not fail in the same spot as last time. Hold the fib zone and keep the momentum hot and we should be approaching ATHs again.