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
Typical example of sawed level at 14.67
It's confirmed by two false breakouts.
Volatility down, short interest about 10%
Possible upward movement all the way to 18-20
NOT financial advice, use SL and manage your risk!
This share looks it will take off soon. The "false bear flag" pattern is a classical pattern and will over time recover at least to 50% of the flag pole. I feel $ 21-23 per share is possible.
For those into stocks, great opportunity.
The break-out point 18.75 of the resistance.
My June 3rd calls will likely go to ZERO. Doesn't change the overall target of $28 so I have repurchased 100 July 1st $18 calls with target of $28 in mind. 1/2 position will add on weakness> I believe we should have another 1-3 weeks of bear market rally provided no major events derail the markets.
No change in view.
The stock should gravitae back towards 25-28.00 near term. The RSI is very low weekly chart and we got a false bear flag as well, and this means a highly lthe possibility for a correction.
Strategy BUY @ 17.00-17.50 and take profit above 23.75.
The stock has been lagging behind many others, and we have a FALSE BEAR FLAG pattern, which indicates we should see at least a move back towards 25.-30 in the near term.
The RSI is very low, and the stochastic (not shown) is low as well and turning.
Strategy is BUY current $ 17.40-18.00 for a move to 25-26 initially.
The market is overextended and clearly after the earnings, we went south sharply.
For now, the technical picture suggest we buy current 20.40-20.60 and take profit 23.75.
The May 6, May 13, and Jun 17 expiries had big OI increases yesterday, at strikes between 21 and 25. I like the weekly chart for a swing call trade. The green spots on RSI show price should at least make a tradeable bounce from under 22. I will be looking for stochastic to start moving higher and a strong green candle will help strengthen this trade idea.
I...
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...
Lyft, Inc. engages in the provision and management of an online social rideshare community platform. It provides access to a network of shared bikes and scooters for shorter rides and first-mile and last-mile legs of multimodal trips, information about nearby public transit routes, and Lyft Rentals to offer riders a view of transportation options when planning any...
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.
Lyft, Inc. operates a peer-to-peer marketplace for on-demand ridesharing in the United States and Canada. The company operates multimodal transportation networks that offer riders personalized and on-demand access to various mobility options. It provides Ridesharing Marketplace, which connects drivers with riders; Express Drive, a flexible car rentals program for...
Look for the nearest black Fib lines to the price. Lower is support, closest high is resistance, wherever the price will be at.
Breaking above resistance or landing on support is long. Breaking below support or touching resistance without breaking is short. Spaces are the volatility triggered by the act of crossing.
