Super bullish setupRounding bottom with more than 2 years base. Also a descending triangle. First target 20. Then will see. SL triggers only if a weekly candles breaks down and closes under the 15.5 support level.
LYFT trade ideas
Take a lyft?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 Shares Rise After Q1 Results but Slides 5.25%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. Gross bookings for the first quarter were $3.7 billion, up 21% year-over-year.
CEO David Risher praised Lyft's strong start in 2024, stating that the company is executing well and bringing innovation to the market. Lyft saw second-quarter gross bookings of between $4 billion and $4.1 billion, adjusted EBITDA of between $95 million and $100 million, and an adjusted EBITDA margin of approximately 2.4%. The company remains on track to generate positive free cash flow for the full year.
LYFT Options Ahead of EarningsIf 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 release, I would sell at least half of them.
LYFT growth is inevitable from the current price point...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.
LYFT Long 2x UPSIDE POTENTIALLYFT has made 4 consecutive higher lows.
First target at $21,90
Second target at is a gap fill at $30
HS but wait for a bounce offPerfect 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 rises on news of the MSP dispute potential resolution LONGLYFT 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 trendline.
The PVT indicator shows a flip out on the pullback and I see this as a good add long entry. On a
low 1minute time frame. price gapped up with an engulfing candle with corresponding volume
at the opening bell today.
Importantly, a high volume spike also occurred in the after-market hours.
My recent previous idea long on LYFT is linked here.
The call option for $ 21.00 for April 19- 8DTE popped 140% today. I picked up a decent number of calls and will close them incrementally as they profit over the next week.
LTFT breaks out over lower VWAP bands LONGLYFT 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, liquidity
and volatility zone it could continue and push into the 20 level. I will take a long trade here
also noting the TSLA news regarding RoboTaxi has potential relevance. It is not beyond the
realm of possibilities that a partnership between TSLA and LYFT and or UBER comes on the
scene. This would provide a further catalyst of fundamental support for LTST's market cap.
LYFT break to 27?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 Massive Bottoming Pattern and Bull FlagLYFT 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.
Lyft-ing Off: Why $LYFT is Poised for a Bullish Future
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 and expanded their offerings, which has helped them weather the storm. As the world continues to recover and people start moving around more, Lyft could be in a prime position to capitalize on the pent-up demand for travel and transportation.
Secondly, Lyft has been making strides in the autonomous vehicle space. They've partnered with some big names in the industry and have been testing their self-driving cars in various cities. If they can successfully integrate this technology into their platform, it could give them a competitive edge and potentially drive down costs in the long run.
Lastly, let's not forget about the power of the gig economy. As more people look for flexible work options, the pool of potential drivers for Lyft grows. This could help them maintain a strong supply of drivers and keep customers happy with shorter wait times and more reliable service.
As a major competitor for UBER, Lyft is highly undervalued at this price and looking to make some major moves to the upside.
Lyft. Cup and handle formationOn the 4-hour chart, I've noticing a very distinct cup and handle formation.
LYFT with the liftoffits going back to ATH. TO THE MOON. already hitting targets pre market is sketchy to me but am still new to this so time will tell. still bullish tho
LYFT - Catch a ride to the top - 25% - %50 move?LYFT stock has done amazing thins in the past. Is history set to repeat itself? Can we get a Lyft to higher prices?
LYFT - Chart For "XYZ"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 wave down is most probabale to bottom in the retracement Golden Window between the 0.618 @$11.27 and 0.786 @ $9.61
Its not impossible for it to be a more shallow retracement but the contracting pattern is somewhat weak and so that is what is more likely.
The top is not yet confirmed and it could probe higher. Distribution resistance is just above and that is an attractive landmark for a shakeout reversal pattern.
If it does push higher then I will adjust the fib retracement.
...
Down on the day chart, LYFT had an earnings pump through the blue 500 day moving average.
We've seen shakeouts through the 500DMA a few times now and this further signals a significant pull back either here or after a further push up 👍.
Not advice
Look for buys in LYFTHello,
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 the traditional taxi and transportation industry by providing a more convenient and affordable alternative.
Lyft is a good investment for several reasons. Firstly, the company is in a growing industry that is rapidly expanding as more people are looking for alternative modes of transportation. Secondly, Lyft has a strong market position and brand recognition, which can help it to continue to grow and capture market share.
Furthermore, Lyft has been expanding its services beyond ridesharing, including bike and scooter rentals, and delivery services. This diversification can help the company to generate additional revenue streams and reduce its dependence on any one particular service.
Finally, Lyft has a solid financial position, with strong revenue growth and improving profitability. The company has also been successful in reducing its operating expenses, which can help it to become more profitable over time. All of these factors make Lyft a good investment for those looking for exposure to the growing transportation industry.
Good luck!
LYFT - Bullish divergence on Weekly time frameLYFT has been in a crazy downtrend and it has lost over 90 % of its value from its ath.
However, things start looking interesting. We can see a bullish divergence on weekly time frame which suggest a sellers exhaustion.
However the downtrend is still in tact.
How to trade it?
You can enter long at the breakout of the falling wedge once we get it.
Entering long at 8 $ could be also a way as it's close to all time low that we saw in May 2023.
It would be also reasonable to buy at the downsloping support if the price goes so low.
Unfortunately fundamentals are not very good for LYFT therefore this trading idea is based SOLELY on the Technical analysis.
What do you think about LYFT? is it going to recover?
Share your opinion in the comment section.
P.S Make a note that all take profit levels are with a mid-term and long-term horizon.
Good luck
Buy LYFT @ 11 - 11.20 Excellent breakout around $11. You can invest 2-3% of your portfolio with stop loss @ 7.55 and risk with 0.5% of your portfolio.
Lyft's Earnings Error Sends Stock Soaring, But Reality BitesLyft ( NASDAQ:LYFT ) sent shockwaves through the trading floor with a monumental error in its earnings forecast, triggering a rollercoaster ride for investors. The company's stock skyrocketed an impressive 16% in premarket trading, only to reveal a stark correction that left analysts and traders alike reeling.
The drama unfolded when Lyft ( NASDAQ:LYFT ) initially reported a jaw-dropping 500 basis point expansion in its adjusted earnings margin for 2024. The market erupted with enthusiasm, propelling Lyft's ( NASDAQ:LYFT ) shares to stratospheric heights, with an over 60% surge in extended trading. However, the euphoria was short-lived as reality dealt a harsh blow – the correct figure stood at a mere 50 basis points, a fraction of the initially announced increase.
Chief Financial Officer Erin Brewer's admission of the error during the earnings call punctured the bubble of optimism that had enveloped investors. Yet, despite the correction, Lyft ( NASDAQ:LYFT ) managed to retain a significant portion of its gains, a testament to the underlying strength of its performance.
Behind the scenes, Lyft's financials tell a compelling story of resilience and growth. The company defied expectations by swinging from a staggering $416.5 million loss to a remarkable $222.4 million profit in full-year adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA). This turnaround underscores Lyft's ability to navigate challenges and capitalize on opportunities in an ever-evolving market landscape.
Analysts at TD Cowen echoed this sentiment, highlighting Lyft's fourth-quarter revenue beat driven by robust gross bookings. Additionally, Lyft's EBITDA guidance surpassed expectations, further bolstering investor confidence. In response, TD Cowen raised their target price on the stock, reflecting a bullish outlook on Lyft's future prospects.
Despite the turbulence caused by the forecasting error, Lyft's performance remains a beacon of strength in the competitive ride-hailing industry. The company's ability to adapt and innovate in the face of adversity cements its position as a formidable player in the market.
Looking ahead, investors will undoubtedly scrutinize Lyft's future earnings releases with heightened scrutiny, mindful of the potential for discrepancies. However, amidst the volatility lies an opportunity for those willing to ride the waves of uncertainty, betting on Lyft's continued resilience and growth trajectory.
LYFT Week of Jan 8Last request, LYFT.
Based on HA candles, it has not finished its short retracement yet:
TP in yellow.
Watch for the threshold break and pay attention to the HA target price as well, as it can act as support.
Safe trades!
Lyft if survives the recession.NASDAQ:LYFT
Looks like Lyft at -2.2PE and 3.32 market cap is really undervalued.
If this company survives the upcoming recession, then it is going to return massive gains.
Huge gaps, it follows technicals and imagining the future of self driving cars around 2026, this stock looks very attractive.(only if they embrace.)
DCA is best option, leaps are also best option if the premium is cheap.
