Hello,
Since its IPO, Uber is a company that interests me for a long-term investment.
Especially since the latter awaits its approval for autonomous cars, I let you imagine in the near future Uber operate without drivers ...
From a purely capitalist point of view, I think it could be a good investment.
That said, the question to ask ourselves is at what price should we buy it?
The graph shows that a double bottom potential can be starting to be formed, either in 1 hour or in daily.
While the price is very premature for an analysis that relies on historical prices, but I will take the risk here to take a long position at a price of $ 28.96 with a stop loss just below $ 28.35. If failure, the loss of the trade will be insignificant.
The double bottom is represented by the 2 red dashes on the graph, below that, we will look for a lower point, and I would wait for a reconfirmation of bottom.
Our resistances are such as:
R1: 30.68
R2: 35/36
R3: 42.7
Technical indicators:
RSI rises above 20;
MACD: Convergence up, but beware of a start of rejection in daily. (I would update the idea in case it does)
Guys If you like the idea, do not forget to like it, it will give it more visibility to other traders.
In case you think differently, do not hesitate to share your comments with us.
Have a nice end of week.
Since its IPO, Uber is a company that interests me for a long-term investment.
Especially since the latter awaits its approval for autonomous cars, I let you imagine in the near future Uber operate without drivers ...
From a purely capitalist point of view, I think it could be a good investment.
That said, the question to ask ourselves is at what price should we buy it?
The graph shows that a double bottom potential can be starting to be formed, either in 1 hour or in daily.
While the price is very premature for an analysis that relies on historical prices, but I will take the risk here to take a long position at a price of $ 28.96 with a stop loss just below $ 28.35. If failure, the loss of the trade will be insignificant.
The double bottom is represented by the 2 red dashes on the graph, below that, we will look for a lower point, and I would wait for a reconfirmation of bottom.
Our resistances are such as:
R1: 30.68
R2: 35/36
R3: 42.7
Technical indicators:
RSI rises above 20;
MACD: Convergence up, but beware of a start of rejection in daily. (I would update the idea in case it does)
Guys If you like the idea, do not forget to like it, it will give it more visibility to other traders.
In case you think differently, do not hesitate to share your comments with us.
Have a nice end of week.