After news came out about their new initiative to give people on the way to a job interview a free ride, my eyes have been on LYFT. I immediately took note of their fundamentals.. whew! In its history, its only missed earnings twice! In my opinion, LYFT has longevity potential! With earnings coming up next Thursday, I love the position this stock is sitting in...
Support has developed, if the price breaks above $12.05 we could see a rise to $15.6 or possibly $20
Check my previous post about Lyft. Price is getting tighter in the falling wedge and at the same time we have a bullish divergence. Looks like it wants to erupt like a volcano.
Top chart weekly, bottom chart monthly. See the pattern? The monthly timeframe shows the price has been trading in oversold territory for 5 months, last time that happened the price blew up. I'm opening a small long position on Monday if a see the price trying to break the resistance I'll add.
LFYT potential to see a break out and ride back to the massive gap down. Currently trading under COVID LOWS
This trade could be risky for short term trading as the price is still making lows. However, if you are looking to hold for 3-4 months, then a small entry here can be beneficial. Today I added like 2.5% of my portfolio. Let's see.
I'm feeling like we are ending a diagonal wave and the latest wave formation is a flat (3,3,5). Thus I'm seeing if something like this could play out but we'll see what happens. So pop up to finish wave B, then 5 fractals down. Thoughts, anyone? *Not financial advice, just my ideas.
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.
Lyft SPDR Select Sector Fund --- 1- No stop loss. - 2- for options is Excellent: 5 call option 3 months contract of SPDR Select Sector Fund for every One call option 3 months contrac of Lyft . ---- Happy Trading!
Ridesharing company Lyft has tried to hold a price range since the spring. Now, after a couple of fleeting bounces, a bearish continuation pattern could be materializing. Notice the high on August 8 near $20, followed by a pullback to $13.75. LYFT then bounced but couldn’t get above $19. That high and lower high have produced a descending triangle -- a...
Waiting for better times for a long-term entry. Sub-35 is my desired price level to kick off the strategic accumulation of the stock. Credible alternative to UBER.
LYFT Inc Intraday - We look to Buy at 12.19 (stop at 8.59) Daily signals for sentiment are at oversold extremes. Prices expected to stall near trend line support. We expect a reversal in this move. Dip buying offers good risk/reward. A higher correction is expected. Our profit targets will be 22.86 and 29.00 Resistance: 23.00 / 45.00 / 66.00 Support: 12.00...
Long Call LYFT Filled @ $0.1875 - Buy Jan-20-23 $40 Strike Calls @ $18.97
Reviewing a short position I just opened. Entered at 16.51$ as LYFT was approaching the highlighted resistance level and above 70 on the RSI, indicating that it is overbought. I'll be adding shares once I get confirmation of the move to the downside I'm looking for. Simple trade, limited risk as it is not too volatile and I have no problem with holding this over...
LYFT currently trading at 16.72, Trendsi indicators showing that LYFT is moving into the Green lower bands, which indicates a good opportunity. I am looking into trading around 16.56 or lower. Being patience will all my swing plays and making sure all Trendsi indicators signal a opportunity in order to come out green in the market. I normally make my plays a 1...
LYFT beat earnings by 4X this past week and so brokeout. On the cloud indicator, the conversion line has diverged above the baseline. LYFT could be watched for breakout continuation. The Awesome Oscillator and VWAP Oscillators validate the breakout, Added to watchlist for Monday, Aug 8th Plan to check UBER. NASDAQ:LYFT
LYFT for a bounce $21-$25 in coming weeks. False bear flag, oscillator turning upward, oversold on many indicators and excessive shorted stock which will bring additional buyers on upward move