UBER rising after VWAP bounce LONG

6 Şub

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.

6 Şub

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Mostly sideways with relative strength compared with the general market.

7 Şub

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

8 Şub

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

9 Şub

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