LYFT on a 15 minute chart hit a high pivot about 3/20 and then fell until April 4 where a low
pivot reversal occurred. VWAP lines and a volume profile serve to support a bullish bias.
LYFT will likely rise to the Fibonacci level on the chart confluent with the mean anchored VWAP
or the zone of 19.25. If there is enough momentum passing through that high volume,...
The chart is pointing to a strong move in the short term. The way oversold RSI gives it a good chance to go up. But sometimes the price goes down when the RSI goes up. Good one to watch in the short-term.
Bear Market for Lyft started on November 26, 2021. How do I know? I simply look at the chart. If you heed my advice and exited at that time, you would have lost 50% less than if you exited today.
Trust the charts!
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How to understand price action.
It is very easy to read price action if you have a reference point. These support/resistance lines are there to...
This is bad news for Uber and I couldn't be more pleased. Everyone, this is absolutely not financial advice and just my opinion, but it would be SUPER cool if we all just made Uber go to like $2 a share. That might still be too much because their business doesn't actually even make money anyways.... hmmm...
So the white house is putting pressure on.
Showtime...
the pull back to $48 never happened I did load up on more uber at $52 and I just love this giant inverted head & shoulders. I think UBER does v very well heading towards the end of 2021
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Uber Rides got hammered from COVID, taking a $5 billion loss, but Uber Eats saw epic growth.
While Uber says business slowly coming back now that the lockdown is gradually ending, the trend is still...
The next 4-6 months are looking rather promising for UBER. Regardless of the recent news of their Colombia departure and potential suspension of service in the UK. Will have to see how this plays-out this week, but I think a small correction is due in the short term. Fib levels have definitely been acting as anchor points historically.
