What I'm seeing here is a Clear Rising Wedge Pattern.
LYFT is also one of the hardest-hit industries by the COVID-19 virus with fewer and fewer people using their services due to quarantine measures implemented by the government.
That's why I think we are yet to hit bottom on the bear market for LYFT. And that's what makes me think this Rising Wedge Pattern that's...
If you are purely a pattern trader, Lyft is looking fantastic, with a measured move to $62.
I would look how earnings are (reported this week), and if strong, can buy the breakout of this triangle, and if weak, can potentially buy at the bottom of the triangle, for a future breakout.
Great looking chart. Options up to $55 make a lot of sense on this one. That...
