LYFT Disappointing OutlookLYFT 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.
Lyftcalls
LYFT BreakoutAfter our March low, we've rallied +140% off the lows and formed a huge ascending triangle. Given our bullish momentum, it's likely we continue upwards into the green zones highlighted around the $40 and $47 marks.
RSI is not oversold and has been coiling, which shows signs of momentum heating up with plenty of room of run. If we break out from here, there is a high probability we fill the liquidity void above us in the $40-$50 range. Watching this one closely.
First target: ~$40 for a 20% gain
Second target: $48 for a 50% gain.
LYFT Perfect Long SetupThere will be fomo on this, and the calls will also be fomoed.
- Nice organic inverse head and shoulders
- Consolidation above neckline in a bull pennant/ ascending triangle
The targets are above, I believe it will go to 70.50 and correct to 68. After that I will evaluate.
This is a beautiful setup!