Long

LYFT – High Tight Flag Setup Post Earnings Breakout

– High Tight Flag Breakout Setup Post Earnings
LYFT has exploded on earnings and is now setting up a textbook high tight flag — one of my favorite continuation patterns.

🔹 Earnings Surge → Flag Formation

followed a similar path to , which ran to the 16s after earnings.

Since the earnings pop, it has spent 6 days consolidating above the 9 EMA — strong bullish sign.

Today, it opened down $0.50, but buyers stepped in immediately, defending support.

🔹 High Tight Flag Setup

This is a classic high tight flag — strong initial move followed by tight sideways consolidation.

The longer it stays in this tight range, the stronger the breakout can be.

🔹 My Trading Plan:
1️⃣ Starter Position: Considering a starter position here, just above the 9 EMA, to catch the early move.
2️⃣ Confirmation Add: Full size on a clean breakout over the $17 level.
3️⃣ Stop Loss: Tight stop just below the 9 EMA — risk defined, reward potential is high.

🔹 Why This Setup is Compelling:

Strong earnings run + tight flag = perfect continuation setup.

Similar setup worked on — earnings pop followed by a massive run.

Buyers stepping in at the first sign of weakness shows bullish strength.

⚠️ Risk Management: Start small, add on confirmation — always respect your stops.

kunal00

📈 Kunal Desai, Founder of BullsOnWallStreet – Trading Education Since 2008
🚀 Learn my trading strategies, watch live setups, and get mentored:
🔗 bullsonwallstreet.com

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kunal00

📈 Kunal Desai, Founder of BullsOnWallStreet – Trading Education Since 2008
🚀 Learn my trading strategies, watch live setups, and get mentored:
🔗 bullsonwallstreet.com

Also on: