Added BJ Key Levels to this
LYFT
chart, along with 20/50/100/200 EMA's.
1) Above the 20 EMA
2) Breaking a respected down trend
3) Approaching the Point Of Control on the Daily time frame.
I will be looking for a entry if price breaks above the next important EMA (50 in this case) with an increase of volume. If an entry is taken above the 50ema I will extremely cautious until we get conformation above the POC. My entry will most likely be a break above 10.57 with a warning of the level of 10.92 , If we push past that its a Blue Sky Breakout IMO.
The safest trade here would be waiting for $12.65 then riding it to the 200EMA.
LYFT
chart, along with 20/50/100/200 EMA's. 1) Above the 20 EMA
2) Breaking a respected down trend
3) Approaching the Point Of Control on the Daily time frame.
I will be looking for a entry if price breaks above the next important EMA (50 in this case) with an increase of volume. If an entry is taken above the 50ema I will extremely cautious until we get conformation above the POC. My entry will most likely be a break above 10.57 with a warning of the level of 10.92 , If we push past that its a Blue Sky Breakout IMO.
The safest trade here would be waiting for $12.65 then riding it to the 200EMA.