lyftthe best opportunity to buy low-risk, high-profit LYFT
first targets: 60 then 68 $
SL: the price should not be lower than the "c" wave
Lyftstock
LYFT Picture Perfect Pivot & EMA Cross Rejection A+ SetupWatching the 4 hour candle close for an A+ rare trade where, after short pullback, long wick candle rejects the Pivot, AND the 14 EMA, WHILE CROSSING the 50 EMA. This looks like a picture perfect setup ladys and gents
Lfyt Mark UpI do not trade Lyft, yet. I would like to share what I would do IF I were to trade this stock. I believe the overall is bullish even though we might see price head to the downside before we get some real bullish momentum into the market. That vertical represents the length of the move I'm projecting. I would long it from the $76.10 to $92 only if there's a break followed by a retest of the $76.10 price point.
*DISCLAIMER* THESE ARE JUST MY HUMBLE OPINIONS, NOT TRADING ADVICE.
LYFT Perfect Long SetupThere will be fomo on this, and the calls will also be fomoed.
- Nice organic inverse head and shoulders
- Consolidation above neckline in a bull pennant/ ascending triangle
The targets are above, I believe it will go to 70.50 and correct to 68. After that I will evaluate.
This is a beautiful setup!
LYFT Mark UpHere's a mark up for Lyft. These would be the areas of interest that I would track. I'm always neutral, but I would be looking for a short opportunity.
Lyft trova una base per partire Lyft, nuova compagnia listata in borsa da fine marzo sembra aver trovato una buona base ( con tanto di divergenza ) intorno ai prezzi 55-56$.
$LYFT Possible Reversal HereIf you measure from the highs to the lows (with the little trading data we currently have), you'll see that we have about a 37% decline from the IPO highs.
As $LYFT and $UBER are viewed as a duopoly and depending on Uber's valuation at IPO, I think Lyft is well positioned for some upside in the coming trading days to weeks. Now if you're a fundamental driven investor/trader, I'm well aware of the nasty looking financials but what's new about it in this current market environment? We already have more than 80% of the IPOs coming in as zombies (no EPS) and this is not much of a surprise...If the markets want to transact on only sales multiples and disregard EPS, well that is what the markets want. As a student of the markets and long time observer, it's always more wise to respect the demands of the markets and disregard one's bias as this is the nature of trading/investing.
Anyways, the way I view this trading idea here in Lyft is from the perspective of the current technological environment combined with investors' fear of missing out (FOMO) on a recognized brand. If you analyze Goldman Sachs' latest hiring trends you'll noticed that they have been hiring quite a bit of "technology" investment bankers. This is very telling of macro trends because right now the technology has already bled into every vertical and it seems to be one of the top performing sectors. The point in me explaining this is to elaborate to you what I'm seeing in the markets. In the prior generations I believe most securities were heavily valued based on financial fundamentals and that still remains somewhat true today; however, I would also add that investors these days are also valuing securities heavily on technology. The weight in valuing companies on technology can be so heavy that they are disregarding the financials. In this case, I perceive Lyft being part of that scenario.
Lyft being a well recognized brand and only recently IPOed still has a run to the upside to make. I believe the initial decline to the downside from the near 90s were bought by the first wave of FOMOs and that a second wave will come in to drive this security higher. Given Lyft's relatively lowered price and capturing the minds/greed of the broader public investors I think the current setup looks attractive for a fixed risk/reward trade. Consider a trade here (educational purposes only) anticipate some chop as the market's pricing mechanism will come into play.
