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ClearCutTrading
Jun 17, 2019 9:56 PM

LYFT Inverse H&S bullish breakout Long

Lyft, Inc.NASDAQ

Description

Pattern: Bullish breakout of inverse Head and Shoulders

Edge: No outside edge since this stock just IPO'd a few weeks ago. We are just trading the pattern.

Risk Management: Bought at $62.92. Stop below $58.52 (below the 20 day moving average). PT1 is $73, PT2 is $78 (gap fill), then open target for the remainder of the shares.
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