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.
© 2013 – 2022
Set and Forget S.L
All Rights Reserved.
Any Advice or information on this website is General Advice Only - It does not take into account your personal circumstances, please do not trade or invest based solely on this information. By viewing any material or using the information within this site you agree that this is general education material and you will not hold any person or entity responsible for loss or damages resulting from the content or general advice provided here by Set and Forget, its employees, or fellow members. Futures, options, and spot currency and stocks trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the Forex and futures markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell spot Forex, cfd's, stocks or other financial products. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in any material on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.
High Risk Warning: Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in Forex, futures, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with borrowed money or money you cannot afford to lose. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results.