UUUBER TECHNOLOGIES
375,000COPD
+6,500+1.76%
At close at Jul 22, 21:53 GMT
COP
No trades
UBER trade ideas
$UBER Shorts?We could see bay tumble to $50 from its All time high of $60.03 before picking up orders at $49.78 around the time of earnings for a bull rally back to the A.T.H’s. will keep this updated in the comments.
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UBER - 65+This chart is setting up for another big run. Perhaps some of the DASH excitement is rubbing off on it, but hre I see a bit of a double bottom within an ascending triangle. Textbook double bottom and maintaining uptrend. Bull flag forming on the break. Give it a couple weeks and I think we see 65 or higher.
$UBER$Uber i am liking the average Volume coming in as well i believe this is a 5 wave structure starting off on the daily time frame with min targets, Also it broke out of a nice triangle on the Daily Time Frame, In the lower time frames i see it a wave 2 or a retest of the trendline of the triangle if i see a bounce off here soon i will get getting in with a stop loss under the previous low. Again failed to do soo you can also short it if you would like but i will just wait as it can build a bigger triangle.
potential breakout in UBER NYSE:UBER Below average volume with the 50 day MA within range while it continues to develop under 54.19 high. Ideally, I want to see another small contraction or a few days of consolidation for a breakout through 54.19 high. Note: It is not outperforming the SPY as shown in the CRS but that is typical of a name that is developing a healthy base before a breakout unless the broad market is dropping and the ticker is holding up with strength.
Christmas ShortUber has had a lot of recent small bodied candles with bullish wicks. Small body represents small price movement and the long bull wicks show where highs reached during that session. Based off the candles I can see UBER briefly hitting $54 a share but the MACD shows growing bearish divergence and D+ also shows growing divergence. Bollinger Bands have initiated a double sell signal, and RSI is flying high greatly overbought at 63.70.
My trading plan is to short it to $52 a share by 1/8
I will buy 10 contracts as close to $1.00 a contract as possible and let the market take its course.
Looking to make a modest profit of $1-2k
Comment your thoughts below!
