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fizzleblam
Nov 5, 2022 6:46 AM

Lyft Being Accumulated? Long

Lyft, Inc.NASDAQ

Description

At a commenter's request: Lyft has some interesting patterns. It's currently in a bearish channel established at its inception. Given the state of the economy, I wonder if someone isn't accumulating it while they wait for things to "get back to normal." Drag it down, get it cheap, then wait for it come roaring back.
Comments
buddyopalosam
This is great analysis. The 10.60 - 10.70 should be the support in the interim and if the market rallies, this can run up fast to the upper end of the channel (16-17). I agree this might see a 8 handle before its all over.
Maddy50
@fizzleblam We shall enter LYFT now?
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