LYFT in a bearish channel.LYFT Inc - 30d expiry - We look to Sell at 11.99 (stop at 12.91)
Trading within a Bearish Channel formation.
The sequence for trading is lower lows and highs.
The primary trend remains bearish.
Preferred trade is to sell into rallies.
The trend of lower highs is located at 12.00.
Our profit targets will be 9.81 and 9.41
Resistance: 11.53 / 12.00 / 12.45
Support: 10.75 / 10.30 / 9.72
Please be advised that the in formation presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group
LYFT trade ideas
Selling LYFT at trend of lower highs.LYFT Inc - 30d expiry - We look to Sell at 12.35 (stop at 13.25)
The primary trend remains bearish.
Trading has been mixed and volatile.
This stock has seen poor sales growth.
The trend of lower highs is located at 12.40.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
Our profit targets will be 10.15 and 9.65
Resistance: 11.30 / 12.00 / 12.79
Support: 10.56 / 10.14 / 9.50
Please be advised that the in formation presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group
Lyft Showing signs of Life, have we Bottomed?Hi guys! Welcome to an analysis on macro developments of Lyft (LYFT). With the markets doing what they've been doing this year, we have to ask, " Will the % gains come to stocks that are still many many % down from their tops"? Or are some stocks just doomed to fizzle out and take time to re-build/ grow?
Well, if we are in a Bull market, which i personally think we are... Assets with Solid Market Structure & Technicals will also be included into the liquidity being injected into the markets.
Taking a glance under the hood with LYFT, i can see some promising developments playing out. Making me consider LYFT as a Long play.
This analysis is strictly on Technicals and is on the 1 Week timeframe to get a big picture view.
So lets look at Price Action:
Last week candle has broken ABOVE the Major Resistance trendline which has worked to cause Price Declines since November 2021
Notice how we've had many touch points on this Resistance line in RED.
I believe it to have been weakened, thus the current BREAKOUT.
Do we go back to print All Time Highs now? Absolutely NOT.
It requires alot of energy or momentum to break major trends.
But its the 1st step to the road of getting back to all time highs.
We also need Confirmation before anything. This 1 candle is not enough, though an extremely BULLISH candle, a Bullish ENGULFING candle. Which is a great sign and pushs probabilities for confirmation as well.
But we need to now Test the Resistance line as SUPPORT.
With the overlaying Resistance line ABOVE us, i believe we will get a push down to the Support Test.
But so far the break out to me is promising:
Why? Look to the Volume for clues. We are so far seeing increased volume. It is important that it continues.
If at the end of this week, you see Volume has declined. We would need to reassess the breakout, as that would potentially mean this could be a Fakeout.
So getting ABOVE Major Multi year resistance, would support the idea of Trend Change/ perhaps Trend Reversal and a sign hinting that the Bottom is in.
Another Bottoming sign observed = BULLISH DIVERGENCE being spotted.
This is when Price Action prints Lower Lows BUT Indicators print Higher Lows.
Seen in the RSI -> Notice if and when we get above the Resistance line, we will see large % gains.
Another indicator to watch would be the STOCH RSI, as we are getting close to a BULLISH CROSS. If we get it, we will see bullish momentum come in, perhaps pushing prices above this horizontal resistance line.
Anyway i think things are hinting at the idea that we have bottomed. We are in a critical moment for LYFT and we must continue to monitor this week and more.
__________________________________________________________________________________
Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again.
Stay tuned for more updates on LYFT in the near future.
If you have any questions, do reach out. Thank you again.
DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
LYFT Stock Chart Fibonacci Analysis 082023 Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 10.8/61.80%
Chart time frame : B
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : A
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern.
When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point.
As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved.
If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks.
If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
$LYFT getting ready to $LFFT offBullish divergence on the annual time frame, that spans across a 2 year period.
Stochastic indicating the market is over sold on the annual time frame and that bulls are re entering the market.
RSI indicating market exhaustion to the downside and bulls returning to the market,
LYFT market dominance in the self driving/ ride sharing app is growing. Also with the expansion of self driving, company expense will drop and profits will rise.
LYFTAdded BJ Key Levels to this NASDAQ:LYFT chart, along with 20/50/100/200 EMA's.
1) Above the 20 EMA
2) Breaking a respected down trend
3) Approaching the Point Of Control on the Daily time frame.
I will be looking for a entry if price breaks above the next important EMA (50 in this case) with an increase of volume. If an entry is taken above the 50ema I will extremely cautious until we get conformation above the POC. My entry will most likely be a break above 10.57 with a warning of the level of 10.92 , If we push past that its a Blue Sky Breakout IMO.
The safest trade here would be waiting for $12.65 then riding it to the 200EMA.
LYFT me up, please! Where do you go from here?
Fib circles say we might get a nice curl up to the 16.00 range. I don't live in a area where ride sharing is a popular means of travel so I don't know what this company is doing right / wrong. Id like to dig into to LYFT and see if they are making any changes to increase use, and ultimately increasing the stock price. Love to colab with someone on a stock digging into financials and seeing what's on the horizon for a company. Lets put a play together!
LYFT - Buy the Dip, Ride the LiftAccording to the Internet, Lyft is down some 30% post-market following an earnings call that says the company slightly beat revenue and active rider targets, but reduced guidance for Q1 '23 by roughly 10%.
Q1 spending and travel being down under the conditions of a) post-Christmas and b) in an economy where credit card debt and credit card rates are climbing high count as a surprise to absolutely nobody.
This kind of situation immediately piques my interest. It piques it because the move smells of big money manipulation, the #1 sign that something is about to reverse and a big move is pending.
But the news only caught my interest because a Twitter friend had DM'd me about a trendline astrology breakout on Lyft last month, otherwise I had never looked at it, and so I have had it in the back of my head all this time that a pullback to the trendline would actually be worth looking at buying.
Now that I've actually looked at Lyft, I like what I see.
There's a smaller precedential fractal on Silver futures that illustrates the kind of play I've been looking to see manifest.
Trendline breakout --> retest --> more up is a very common pattern that MMs like to play.
China Watch
The markets are shaky right now, as is the rest of the world. The reason is, the Wuhan Pneumonia pandemic situation in mainland China is countless times worse than the media and Xi Jinping and his Chinese Communist Party are telling the world. The regime still claims that under 100,000 people have died from COVID over the last three years.
Just go take a look at how many people have died from COVID in countries with 5-30% less population, countries that aren't the origin of the pandemic, and ask yourself if there's even a 0.001% chance that the CCP isn't just lying and covering up the situation because the Party is _highly_ unstable right now.
If you still don't believe it, then remember the Party covered up the 2003 SARS epidemic too. A lot of people died, but the communist regime has always claimed only a few thousand died.
It's almost like an evil communist dictatorship has to lie a lot to keep its political power in tact, or something.
It's almost like evil communism doesn't lift anyone out of poverty and isn't saving any lives, or something.
What a revelation.
Regardless, the CCP will fall in our lifetimes, much like the USSR fell on Boxing Day '91. When the Party goes, a lot of things are going to go with it, because China is a much bigger deal than Russia. This is humanity's oldest country, self described as the ("Middle Kingdom"), and the only country to have roots to a 5,000 year old traditional, divine culture.
It's also the only country where its government has gone so far as to commit the unprecedented crime of live organ harvesting during the persecution of Falun Gong and Uyghur Muslims, and is composed of the most wicked and shameless rogues, and is the most heinous mafia, in all of human history.
When the Party falls, a lot of governments are going to try to take China. And on top of that, what comes out of China as, and after, the Party falls, will implicate many of the same governments and the corporations they formed these "public-private partnerships" with.
A lot of individuals will also be implicated. The Sam Bankman-Fried scandal will seem rather insignificant (although you'll also see what was really behind that).
All of this combines to mean that any bull market can be sharply and immediately truncated by both geopolitical and natural disaster risks. You have to bear this in mind and take profits on the way up if you're lucky enough to get a winning position!
The trade
On the monthly bars, LYFT isn't really amazing at first glance. I, mean, it could go to $0 right? Everyone knows everything is going to zero because FEDERAL RESERVE and because RECESSION and because ECONOMY.
This is the problem with the bear narrative right now. Instead, you should be looking for bull impulses inside of the prevailingly bearish fundamentals.
But then I looked at the weekly and I saw what needed to be seen.
Namely, the last 6-8 months of trading have been a play on the '20 low of $14.56.
More over, this earnings dump was arranged with a failure to break the $18.58 September '22 high, which has created a double top
To me, this, combined with the fact that tech should really be the next thing to pump in anticipation of a July --> December genuine bearpocalypse, leads me to believe Lyft actually bottomed in December.
All and all, the play is simple:
1. Buy under $12
1. a) Don't get scared
2. Don't want to see a new low set
3. Targets are the $18.58 double top, May '22 $22.82 gap candle, and the $30 gap fill.
What's not to like on the risk/reward in this trade for a company that isn't about to head towards bankruptcy?
Moreover, it's not like we're about to see another round of pandemic lockdowns in the next three months, so travel demand ought be hot going into the summer.
Moreover, I joked in my Intel short-long-short call from last week that the most profitable trade in the US equity markets has to be buying the dip after an earnings dump and waiting for the gap fill/gamma squeeze to play out lol.
Intel Corporation - Buy the Raid, Ride the Wave
Good luck, stay safe, and choose a future for yourselves by opposing the CCP and all of its Marxist-Leninist garbage.
LYFT CHART Broke the trend line Please see the chart and what we learn today as it broke the trend line yesterday with bearish candle and today again with bearish candle , this clearly indicates that after market news might be bearish and it revenue didn’t came as expected and stock down all the way to 11$ range . Please share the idea if you like the analysis.
LYFT earnings reaction into the 76. Another big talking point of the day is the LYFT move.
As usual, when a trade becomes a popular topic of conversation, I like to see if we're into one of the big fib levels for a fade.
This move is right into the 76. May be a low.
Tight stops. We should make a clean low if this is working.
LYFT SWING TRADE IDEAAfter news came out about their new initiative to give people on the way to a job interview a free ride, my eyes have been on LYFT. I immediately took note of their fundamentals.. whew! In its history, its only missed earnings twice! In my opinion, LYFT has longevity potential!
With earnings coming up next Thursday, I love the position this stock is sitting in right now! It has come to meet a major supply zone and the primary trend line, around 17.45. A break and retest of this zone and I will look to take it up towards 20.50. If we reject this supply zone and trend line, I will look to take it down towards 13.85