UBER Trade on Sep 29, 2020 10:02 from Runner73: Tradervue User Stock Trades.

Stock opened down a bit mostly because of the Market, Uber has a good news, yesterday they got their license back that allow them work in London again, I had a level at 35.19, stock made a double bottom with higher lows, I saw on the tape that it holds 35.22 cents, many prints went through this number, every time when bids dropped to 21 cent its immediately jumped back up to 22 cents, level tested first time, second, on third one I got in, paid the offer at 23 cents,market gave me this opportunity because stock was reacting on every market’s tick lower, now its above 33 cents, try to hold this area, 28 cents was a clear level, big prints went through the level and holds, so everything is OK, stock is trading in its range, trying to push higher, the highest point was 35 cents, when stock started to move toward 35 area, it moved strange, I mean stock run up to 37 cents and one seconds after all bids quickly dropped to 28 cents, it was a different move than it was before, 28 cent level holds few times, even with few big prints, but then 28 cents dropped to 27 then 26 cents and stopped, i said I wanna get out, stock doesn’t really try to get above its range and making a lower highs every time, I remember at the open first upward moves were made almost on the offers, so from the beginning I was a bit sceptical about the overall trend, but I saw what I saw. It was a support play, with good criteria, one good trade.

So now my plan is short, stock lost 35.19 level, 22 cents was a level earlier, stock tried to hold this level on retracement, but every time when stock prints on 22 bid it drops, the consolidation between 22 cents and 28 cents was made almost on the offer, nobody was buying the stock , 26 offer started to hold, 28 cents started hold too, so I got in short, covered it at 97 cents, was waiting for $35 breakdown, 97 cents was the low of the day