Uber Technologies, Inc., commonly known as Uber, is an American multinational ride-hailing company offering services that include peer-to-peer ride-sharing, ride-service hailing, food delivery, and a micro-mobility system with electric bikes and scooters.
Who hasn’t heard about UBER these days? Everyone. What does UBER Technologies #UBER have to do with supply and demand? Well, everything has to do with it, everything! When something is cheap to buy, we are happy to buy it even if we don’t need that thing we are buying. On the contrary, if something we already had and belonged to us is very expensive, we tend to sell it and get some nice profit out of it. Wouldn’t you sell a $200k house for $400k? I would!
The stock market is not an exception, UBER Technologies is not either. See #UBER monthly timeframe supply and demand trading analysis in the screenshot below.
There is a very strong monthly imbalance created at around $41.84 per share. We had spotted that imbalance in Set and Forgot’s trading community a long time ago and were looking to go short if the price ever retraced to it. It took almost 6 months to retrace to the imbalance, kiss it and drop like a rock.
Uber Technologies was too expensive, getting rid of shares you owned was a good idea, and shorting UBER Technologies played out as expected this time. It does not mean that this kind of imbalance is going to play out every single time, not at all.
If you want to learn how to locate these imbalances, how to trade them and when not, feel free to join our supply and demand trading course, where you will learn to trade Forex and Stocks.
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