LYFT May Be Ready for a Bullish Breakout

• Lift is currently sitting above the 50, 100, and 200 moving averages.
  
  
• It just filled the gap it left from May earnings and since then it’s been consolidating while forming a bull flag pattern.
  
  
• RSI is also trending higher but just crossed 60 leaving it room to run and MACD line has also crossed the signal line.
  
  
• OBV has returned to its May levels and average volume has begun to rise a bit over the last couple of weeks potentially due to to the founders announcing they’re stepping away in Feb2025.
  
  

Until there’s a major change in buying sentiment for Lyft it’ll probably keep consolidating. Just needs some good news. Maybe those two founders stepping away could be the start.