$UBER
Added 2024-12-26 18:59:22 +0000 UTCI am seeing a lot of people talking online about buying $UBER at $60 but I do not think anyone should be rushing in right now.
The structure is not straight forward right now and although it is valid, Wave B does not normally complete higher than Wave 5.....but it can happen and in this case it caught a lot of people out, as it is a clear fakeout and dropped sharply when it could not hold the blue line at $82 for the retest of support.
So I believe this is in an ABC correction now and the 50 Day MA is about to cross down through the 200 Day MA for a death cross which is bearish,I would be surprised if $61 holds and would expect at the very least a test of the 0.5 Fib at $53 next.
Ideally getting $UBER at $45 is a very attractive buy.
Comments
FSD also makes me wonder how do they Manage the insurance,cleaning, maintenance and charging of the vehicles on an ongoing basis
A.S.
2024-12-26 19:23:46 +0000 UTCYa I have no idea which way Elon will go with FSD if it’s only via a Tesla app or allow people to catch a robotaxi FSD ride via the uber app
A.S.
2024-12-26 19:23:11 +0000 UTCWaymo is now using their own app in Miami in other cities you can catch a waymo ride via the uber app
A.S.
2024-12-26 19:22:31 +0000 UTCThere is a school of thought that $tsla (alluded to on their Tesla Day) won't launch their own service and will sell autonomous vehicles, for example to $Uber. Also they are in many markets (70 I think?) around the world where FSD won't be available for many many years, I.e decades.
Dipen Patel
2024-12-26 19:18:27 +0000 UTCI think their monopoly is about to be put under pressure
Gareth Neary
2024-12-26 19:11:21 +0000 UTCThanks for doing this analysis, been wondering how they get impacted by waymo and FSD in 25/26
A.S.
2024-12-26 19:10:46 +0000 UTCThank you Cap!!!!!! 😊
Dipen Patel
2024-12-26 19:05:48 +0000 UTC
