$Uber(UBER)$ $GraniteShares 2x Long UBER Daily ETF(UBRL)$ 💥📊🤑 Third Swing, $227.83 Secured, Watching $96.50 as $UBER Builds Higher Lows for Another Leg 🤑📊💥
I just closed out my third Uber swing in the overnight session on 08Jul25, locking in $227.83 profit at $97.13, a clean +4.08% gain from last week’s entry. Price hit a high of $97.20 and a low of $96.60, which was textbook exhaustion at the fib extension. I’m now tracking for a measured retrace toward $96.50, where I’ll look to re-engage the trend and plan the next move.
This wasn’t luck. Uber’s been building higher highs and higher lows across the 4-hour chart, holding structure while capital rotates out of stretched mega caps. The setup delivered exactly as projected, and I’ve got no reason to force a re-entry while price is still hovering around $97.01.
🔍 Uber’s Numbers Don’t Lie
The latest price action wasn’t just technical, it was driven by pure scale. Uber’s rides-per-week have soared to 226 million, up from 106 million in late 2020. That’s a 113.83% increase, with a compound annual growth rate (CAGR) of 18.4%.
Now compare that to Waymo, which is currently completing just 250,000 rides per week. Even with all the headlines around robotaxis, Uber already operates at nearly 1,000x the scale. By 2030, if this trajectory holds, Uber could be servicing more than 450 million rides per week, bolstered by AI integration and automation.
This isn’t a speculative AV play. This is an infrastructure titan hiding in plain sight.
📈 Technical Structure Still Intact
• Key retrace level: $96.50 (trend re-engagement zone)
• Short-term support: $94.80
• Resistance: $97.20, then $99.40
• Bullish breakout path: $110 to $113 zone, with $251–$306 long-term potential still in play
Volume remains constructive, and Bollinger Band expansion is still favouring the bulls. I’m respecting the pullback, not fading it, and letting price confirm my next move.
📊 Options and Flow
Institutional flow remains net bullish, with call open interest clustering around the $100 strike. Short interest has continued to shrink as bullish positioning builds. This re-rating is happening in real time, not theory.
🧠 Unique Edge
Everyone’s watching for robotaxis to disrupt Uber. But the real story is that Uber already runs the largest transport network in the world. It doesn’t need to build hardware. It monetises existing infrastructure at software scale. Its dominance in rides isn’t just intact, it’s accelerating.
🚨 Risk Flag
I’m tracking Bollinger reversion and volume fade into support. If $96.50 doesn’t hold, I’ll step back and reassess around $94.80. But until then, I’m positioning for strength, not guessing bottoms.
💬 Final Thoughts
Three profitable swings in Uber this quarter, and this third one reconfirms why it remains my favourite high-volume swing name. The combination of scale, trend, and macro tailwinds keeps offering clean entries and structured exits.
I’m holding back for now, but fully prepared to strike again once the retrace aligns. This isn’t chasing heat, it’s mastering rhythm.
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Trade like a boss! Happy trading ahead, Cheers, BC 📈🚀🍀🍀🍀
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