AndyCarter

LYFT Breakout

Long
NASDAQ:LYFT   LYFT INC
After our March low, we've rallied +140% off the lows and formed a huge ascending triangle . Given our bullish momentum, it's likely we continue upwards into the green zones highlighted around the $40 and $47 marks.

RSI is not oversold and has been coiling, which shows signs of momentum heating up with plenty of room of run. If we break out from here, there is a high probability we fill the liquidity void above us in the $40-$50 range. Watching this one closely.

First target: ~$40 for a 20% gain
Second target: $48 for a 50% gain.

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