LYFT: Potential short Short

Lyft, Inc.NASDAQ

Description

⋅ Aug 2, 2021 3:41 PM

Upsloping H&S pattern.

Weak rebound from neckline.

Possible area to start shorting at $58-$59.50

Target profit 1 area at neckline/ up trendline i.e around $52.50-$52

Target profit 2 area at next support around $48.50-$50

Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.

If you have any symbols that you'd like me to analyze, feel free to drop me a comment.

Comment

⋅ Aug 4, 2021 4:01 PM

oh well! Set the entry too high :)

Hope you managed to capture this move!

P/S: Apparently 2nd Qtr revenue topped expectations, but yet share price dropped. That's why I prefer to follow the price chart than anything else

Order cancelled

⋅ Aug 17, 2021 4:56 PM

Comments

lilmextana

⋅ Aug 22, 2021 7:24 AM

how do u set your rsi up or that thing that says potential entry

leslieyimsm

⋅ Aug 22, 2021 10:23 PM

@lilmextana, Hi, I didn't use any indicator on this chart. It was all support, resistance & trend lines + understanding chart structure (Although I missed the entry!)