@Barcode：$Uber(UBER)$ 🤖🚘🔥 Checkmate or Breakout: Uber’s Wedge Is Primed to Explode 🔥🚘🤖 I’ve been studying $UBER’s wedge compression since late 2024. This isn’t just a technical formation. It’s a pressure cooker. Price is trapped between descending resistance at $80.89 and rising support near $74. Add the upcoming 7 May earnings to the mix, and you’ve got a setup that’s either going to rip to $94.77 or collapse back toward $71. This wedge won’t go quietly. 📊 Key Levels Current price: $79.27 on 30Apr25, 🇳🇿NZ time Resistance: $80.89, then $87 Breakout target: $94.77 (measured move) Support: $74.16 (10-day MA), $71.48 to $72.03 (20 and 30-week MAs) 📈 Technical Signals RSI(6) is sitting at 63.93. There’s momentum, but no sign of exhaustion. MACD has crossed bullish, with a rising histogram backing it up. Ease of Movement is ticking higher, showing volume is supporting the price action. The chart’s sending a clear message across multiple timeframes. This setup is primed. 🧠 Fundamentals That Matter Uber’s no longer just a ride-sharing app. It’s a cash-generating logistics machine. Free cash flow for 2024 hit $6.9 billion, with adjusted EBITDA at $6.5 billion. Management has kicked off a $1.5 billion share buyback, part of a $7 billion authorisation. Last quarter, Uber smashed Zacks expectations by 542 percent. The average beat across the last four quarters? 133.48 percent. This is execution, not hype. Bill Ackman recently weighed in on Uber’s valuation: “We believe Uber’s current valuation represents a significant discount to intrinsic value… we anticipate Uber will generate 30 percent or more earnings growth over the medium-term with potential for multiple expansion as the ultimate industry structure becomes more clear.” That’s not just a hedge fund endorsement. That’s a fundamental thesis. 🗞️ News That Moves Markets The FTC lawsuit over “Uber One” billing didn’t land the punch you’d expect. The stock dipped just 3 percent, held its 200-day MA, and then stabilised. That tells you everything. Meanwhile, Uber’s making major moves in autonomy. Waymo is expanding its partnership to Austin and Atlanta. Volkswagen is integrating its robotaxi vans with Uber’s app in LA by 2026. These aren’t test runs. This is Uber setting the foundation to lead the future of mobility. Options flow agrees. A $70,000 sweep into July $110 calls suggests someone with deep pockets sees major upside. That’s not a throwaway punt. That’s positioning. 🍔 Uber Eats Is Still a Growth Engine The post-pandemic habits didn’t fade. Eats is now embedded across 10,000 cities. Partnerships with Costco, Domino’s and Instacart’s parent, MapleBear, are driving consistent growth. It’s sticky, profitable and diversifying revenue. ⚖️ The Lyft Comparison? Not Even Close Over two years, Uber is up 138 percent. Lyft? Just 17 percent. Year to date, Uber has gained 29 percent. The S&P 500 is flat. That’s not relative strength. That’s total dominance. 🌍 Macro Tailwinds in Focus With rate hikes on pause and inflation showing signs of cooling, growth names with strong cash flow and buybacks look attractive again. At the same time, oil volatility and urbanisation are accelerating the shift toward robotaxi fleets. Uber, with its global footprint and strategic alliances, is perfectly placed to benefit. ⏳ Earnings Are the Trigger I’m in at $79.04. This isn’t about collecting crumbs. I’m holding for a breakout. If Uber clears $80.89 with volume, I expect $87 within two weeks and $94.77 shortly after. If it fails, I’ll watch support at $74. Below that, $71 becomes the test. But the chart, the fundamentals and the smart money all say this wedge wants to break north. Hey Tiger Traders, what do you think? Does Uber clear $87 before or after earnings, or is the FTC noise still lurking? 📢 Don’t miss out! Like, Repost and Follow me for exclusive setups, cutting-edge trends, and insights that move markets 🚀📈 I’m obsessed with hunting down the next big movers and sharing strategies that crush it. Let’s outsmart the market and stack those gains together! 🍀 Trade like a boss! Happy trading ahead, Cheers, BC 📈🚀🍀🍀🍀 @Tiger_comments @TigerStars @TigerPicks @TigerWire @Daily_Discussion Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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