I doubt this triggers. BUT THAT is a LOT of bear candles if we do trigger and breakout. A lot of bears will be forced to buy to cover.
If this does breakout (trigger) & I lose on this position. I WILL only take LYFT app rides for the rest of the year?!?!
HAHA
Lyft ( NASDAQ:LYFT ), a ride-hailing company, reported mixed Q1 results, with quarterly losses of 8 cents per share, which missed the analyst consensus estimate of earnings of 3 cents per share. However, quarterly sales were $1.28 billion, beating the consensus estimate of $1.16 billion by 10.02%. This represents a 27.59% increase over the same period last year....
If you haven`t sold LYFT on that disappointing earnings:
Than analyzing the options chain and the chart patterns of LYFT prior to the earnings report this week,
I would consider purchasing the 19.50usd strike price Calls with
an expiration date of 2024-5-17,
for a premium of approximately $0.87.
If these options prove to be profitable prior to the earnings...
LYFT based on weekly data has consolidated on the 10.0 price range quite a bit -- creating a strong order block support.
The prospect on this one on the upside potential is very high. Accumulation has started pouring in at the current price range.
Spotted at 10.0
Initial targets are 16 / 20
sl at 8.5
TAYOR.
Perfect HS, I'll short it of the price bounces up and test the broken neck (blue line). I think next week will be green, I'll use it to short this. SL at 19.
LYFT was a recent idea upload. The news regarding MSP and the dispute resolution has helped
it rise off the ascending support trendline of the rising wedge pattern. The pattern may predict
decreasing volatility towards price consolidation and then a break out from the wedge.
In the meanwhile, I have added to my position since price is above the support...
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,...
Lyft is expected to achieve positive annual cash flow for the first time in 2024. Its competitor Uber reported positive annual cash flow for the first time in 2023, and Uber's value has doubled since then.
From the chart, it appears that Lyft's bottom is forming over a two-year period. On a daily level, it is also forming a bull flag. The target could reach 27.
LYFT is forming an amazing bottoming pattern that's taken almost two years to shape up. Price is now sitting at the $18 pivot and consolidating in a beautiful bull flag since the power earnings gap a month ago. Now firmly above the 3 major EMAs and looking to fill that gap up to $30.
NASDAQ:LYFT has retested the $12 major support level and has a huge bullish momentum. The stock highly undervalued at this price and due for a major upside.
First off, let's talk about the elephant in the room: the pandemic. While it's been a wild ride for ride-sharing companies, Lyft has shown resilience and adaptability. They've implemented safety measures...
LYFT
This is one that "XYZ" is interested in.
Its a company based in "ride sharing" - an online network of shared bikes and scooters
The chart looks quite reasonable - long term bullish divergence coming in from a downtrend.
The current wave up could be a Leading Diagonal that could form a higher degree wave 1 or A of an uptrend.
Regardless of which, the next...
Hello,
Lyft is a transportation network company that operates a ridesharing platform in over 600 cities in the United States and Canada. The company was founded in 2012 and went public in 2019.
Lyft's platform connects drivers with passengers who need a ride, allowing users to book rides through the Lyft mobile app. The company has been successful in disrupting...
