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LYFT 1-HOUR TIMEFRAME LONGThe price has found support once again at the 55.75 level and started a small rally. I am quite optimistic about this stock as it has broken its unconfirmed descending trendline to the upside. This could be the start of a bull market. It has not been easy for investors in this stock as prices have tanked since its listing. Further upward movement will also be confirmed if prices do breakout of the double bottom pattern and make new highs. However, it is important to wait first as price will show its hand in good time
NASDAQ:LYFTLong
by munyaelliott
2
$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.
NASDAQ:LYFTLong
by pov_investor
Most obvious buy in my cryptocareer! Ripple heading to the sun.Forget the moon, forget Bitcoin, forget Litecoin, Ripple is so heavily undervalued and might prepare for a trip to the sun. The risk/reward on this asset is off the charts! Fundamental Where to even begin? While Bitcoin has been getting all the attention last year or so, Ripple has been working in relative silence. There has been a decent amount of good news, like the American Express partnership . But nothing yet to really start the engine. That bit of news may have come today with the announcment from Nikkei . 37 banks is trailing Ripple, but the important part is that they will without a doubt use XRP. The use of XRP with Ripple has been an uncertain element for many. Personally I never worried to much about it, but it's a legit concern. "Eventually, the banks aim to send money by using Ripple's virtual currency, known as XRP, cutting costs an estimated 60% compared with conventional methods." Quote from article, and the reason why I never worried to much ;) On December 7 we also got the 55million escrow. Which is known for some time but not totally priced in yet I believe. So what else? There is lots to speculate about with Ripple. The two main theories is Amazon & Uber partnership and Coinbase addition. Both theories have some ground to them, and it makes sense. Ripples subreddit is the place to get more on it! Nothing guaranteed but I think Ripple is a real good buy without those speculations so that's just icing on the cake! Although, for Ripple to gain that extraordinary target I have set on chart within the timeframe, I would think atleast one of those theories has to come through. Technical So I am looking at that last run which provided an incredible 7411% return! If history where to repeat itself we could hit 14.84 USD! Though, I'll be out before that. I am in on Ripple since last idea , where I bought with BTC hodlings (ohwell) with a price around 0.21 USD. Ripple is a hard hodl for me. I aint selling until we reach atleast my target area, which is between 4.5 USD & 10 USD. I'll probably sell out in portion if I get in that situation, but determining specific exit points now is useless for me as I usually go after fib levels. But what I can see right now is that we have broken out of this long sideways wedge, and that tells me it's time to FOMO if your not already in!! :)
BITSTAMP:XRPUSDLong
by Kryptokelly
861