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AwesomeAvani
6 lut 2024 07:22

UBER rising after VWAP bounce LONG Long

Uber Technologies, Inc.NYSE

Opis

UBER on a 30 minute time frame chart crossed over an anchored VWAP about January 25 and

topped January 30th then retested the slowly rising mean anchored VWAP in a double bottom

fashion on the following day. The relative strength indicator is in the 65-75 range and the zero

lag MACD cycling mostly above the horizontal zero level. I see UBER as suitably setup for

a swing trade long when it is near to the bottom of the support trendline in the ascending

megaphone pattern.

Zlecenie aktywne

Mostly sideways with relative strength compared with the general market.

Zlecenie aktywne

A bit of an uptick allowed the stop loss to be cut in half. Holding full position.

Zlecenie aktywne

UBER did a fakeout breakdown and then rallied into the channel to resume bullish continuation. Full position ongoing.

Zlecenie aktywne

Others are profit taking today. I find the small dip an opportunity to load more shares.
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