UBER Trade on Jun 5, 2019 15:57 from Marius: Tradervue User Stock Trades.

Gravatar

Shared by
Marius

 

SPY's and market continuing its change in price momentum characteristics. Market digest but at key levels. Seeing capital shift back into more risk area's. Oil still in downtrend which is also a key influence in whole market.

Uber and Lyft is interesting to see here. Lyft at weekly resistance and Uber at blue sky and initial IPO high's. It's worth noting that I'm looking at CRON with the notable RVOL. This trade is for Uber and a different sector and area. Also to mention it is a recent IPO with limited historical data. I remember trading TLRY when it IPO'd. Making note if there are other names in the same services/sector among these.

  • RVOL D, 1.47 (increasing daily volume)
  • Market Cap 73.82B
  • Average Volume 34.88B
  • Short Float ?
  • Institutional Ownership ?
  • ATR 2.23

SPY 65m,
image

UBER 65m, limited historical data, recent IPO, new services, no overhead supply/resistance areas
image

Lyft D,
image

CRON D, another speculative asset. Notable RVOL (D, 3.54) (upgrade) Keep close watch on developments
image

UBER 65m 06/06/19 EOD, Possible shallow pull-in / consolidation developing or price action fading. Noting if I was short there is clear resistance and area of supply/selling. If the bulls lose hourly HL's my exit strategy is still in place. May add to position if price makes a strong move back to resistance. Also noting intraday VWAP slope is flattening out.
image

UBER 2m 06/06/10 EOD, Was watching tape and level 2 at the current price level. Notable price action around 45 and intraday VWAP. Initial trend break on the last minute but instant recovery. Volume increasing on last couple of minutes. Personally no trade decisions here as my positioning is on a bigger time frame.
![](

https://www.tradingview.com/x/MXBNIFLT/

UBER 65m 06/07/19, Adjusting stoploss and noting significant price action around key level 45.
image

Trade Review
Stopped out of position EOD. This was a a well placed stop for my time frame. Notice in after market the price dropped another -1.00 to settle at -0.50 This would signal daily consolidation as the hourly uptrend has been changed. Will keep a close watch on the development and see if it makes it back to test resistance.
image


Execution detail:

Date/time Symbol Side Price Position
2019-06-05 15:57:49 UBER buy $45.046 long
2019-06-07 15:59:10 UBER sell $44.250 0


Leave a comment about this trade!

You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes just a few seconds to sign up, and it's free!

View plans, Sign up for free, or Log in