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.
Head & shoulders at the 0.618 retracement. Target near $22-23. Low volume to $32 then could get choppier below that, but I ultimately think the target gets hit.
Description
Been watching this wedge in Lyft, and it caught my attention when it broke to the upside on 05NOV, trade here
The throwback into the pattern following the breakout increases my ease with this short position.
The trigger was a break and hold below 46, which occured yesterday.
Today LYFT went to retake the accumulation line but failed, leading to...
Hello everyone,
Today i want to share which you my idea on LYFT.
The price is going to hit the previsous support, and now it's a resistance. We can open a short at 44.87 and see if the price get reject.
The target is AB=CD, but for the most carefully of us you can take profit on the gap
LFTY has seen a downtrend range since March 21', and keeps making lower lower and lower highs. Chart may look a little messy with the VPA, but here are the notable things about this pattern:
-Both support and resistance have had 2 high touches, with the 2nd touch nearing the resistance (support has had 3 touches)
-The ellipse shows a Head/Shoulder formation, with...
Lyft has been consolidating in this descending triangle for what is coming up on a year now, and I believe the catalyst for a breakout is quickly approaching. Since going public, LYFT has never posted a positive EPS an any earnings report, but that changed last quarter when they posted their first ever positive EPS. Stock price soared in the following week,...
Description
LYFT has been working this wedge since FEB of this year, and now we're starting to see a breakout to the upside.
A close > 53.5 triggers a long.
Using A call debit spread, because profits are always limited by time.
Call Debit Spread
Levels on Chart
SL is a daily close back in the wedge.
*Stops based off underlying stock price, not mark to market...
LYFT looks like it's in a short term downtrend but its at support and just posted terrific earnings. Sales were up 74% yoy and earnings were 25% higher than expected. Buy the bounce to the mid $50's
Awaiting NASDAQ:LYFT next earnings on November 2nd. Technicals show a potential of a breakdown to target 35 before year end, however that mainly depends on next earnings report.
#AHMEDMESBAH
Its been over 2 weeks since I posted about the weekly double bottom on $LYFT. My comment was "I'll be watching the daily for a cheat of some sort".
Seems like we might be setting up a cheat area on daily. Watching closely this week.
Scary markets. I put order in at 52.93 I was filled. This is suppor of rising channel. I like it up to 59$. As long as we hold above 52.50 we should bounce when markets cool off. Be careful but seems solid
Took profits at $60 once it reached the fib level The bears couldn't create a strong pullback thereafter, so LYFT still looking strong imo. Current price level is still attractive.
I think this weekly double bottom on $LYFT has potential. I'll be watching the daily for a cheat of some sort. None setting up at the moment, but really liking the potential on this weekly setup.
PURELY EDUCATION AND ENTERTAINING MATERIAL
Personal use:
$LYFT looks prepped for a breakout. Calls can be played on a break of two major pivots.
First one is claiming the .618% fib level at 55.81 using 5 min. The greater of the two being the pivot at previous HOD @ 56.14.
A 5 or 15min candle close above the levels is bullish (short term). BUT a 15min candle...
