LYFT predicted Q2 revenue of $950 million to $1 billion vs $1.02 billion expected
adjusted Ebitda of $10-20 million vs $83 million analysts expectations.
With this type of slow growth for a $10.7Bil company, my buy area is between $15 and $20.
Looking forward to read your opinion about it.
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...
There will be fomo on this, and the calls will also be fomoed.
- Nice organic inverse head and shoulders
- Consolidation above neckline in a bull pennant/ ascending triangle
The targets are above, I believe it will go to 70.50 and correct to 68. After that I will evaluate.
This is a beautiful setup!
