4LYFT trade ideas
LYFT - Short Position Reviewing a short position I just opened. Entered at 16.51$ as LYFT was approaching the highlighted resistance level and above 70 on the RSI, indicating that it is overbought. I'll be adding shares once I get confirmation of the move to the downside I'm looking for. Simple trade, limited risk as it is not too volatile and I have no problem with holding this over the weekend. Good luck everyone.
LYFT Priming up for a reversalLYFT currently trading at 16.72, Trendsi indicators showing that LYFT is moving into the Green lower bands, which indicates a good opportunity. I am looking into trading around 16.56 or lower. Being patience will all my swing plays and making sure all Trendsi indicators signal a opportunity in order to come out green in the market. I normally make my plays a 1 month contract, ensuring maturity in the contract. If you guys are interested or just want updates on certain plays I make, please let me know. I am here to grow as a trader and help everyone grow as well.
LYFT continuing a BreakoutLYFT beat earnings by 4X this past week and so brokeout.
On the cloud indicator, the conversion line has diverged above
the baseline.
LYFT could be watched for breakout continuation.
The Awesome Oscillator and VWAP Oscillators validate the breakout,
Added to watchlist for Monday, Aug 8th
Plan to check UBER. NASDAQ:LYFT
LYFT ready to LIFT OFF!LYFT for a bounce $21-$25 in coming weeks. False bear flag, oscillator turning upward, oversold on many indicators and excessive shorted stock which will bring additional buyers on upward move
LYFT longTypical example of sawed level at 14.67
It's confirmed by two false breakouts.
Volatility down, short interest about 10%
Possible upward movement all the way to 18-20
NOT financial advice, use SL and manage your risk!
LYFT-BUY++++This share looks it will take off soon. The "false bear flag" pattern is a classical pattern and will over time recover at least to 50% of the flag pole. I feel $ 21-23 per share is possible.
For those into stocks, great opportunity.
The break-out point 18.75 of the resistance.
LYFT no change in view extending position further outMy June 3rd calls will likely go to ZERO. Doesn't change the overall target of $28 so I have repurchased 100 July 1st $18 calls with target of $28 in mind. 1/2 position will add on weakness> I believe we should have another 1-3 weeks of bear market rally provided no major events derail the markets.
$LYFT with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $LYFT after a Negative Under reaction following its earnings release placing the stock in drift D.
LYFT-BUY++No change in view.
The stock should gravitae back towards 25-28.00 near term. The RSI is very low weekly chart and we got a false bear flag as well, and this means a highly lthe possibility for a correction.
Strategy BUY @ 17.00-17.50 and take profit above 23.75.
LYFT-STRONG BUYThe stock has been lagging behind many others, and we have a FALSE BEAR FLAG pattern, which indicates we should see at least a move back towards 25.-30 in the near term.
The RSI is very low, and the stochastic (not shown) is low as well and turning.
Strategy is BUY current $ 17.40-18.00 for a move to 25-26 initially.
LYFT for a bouncey bounce!Oversold on several indicators looking for a bounce over $26.00. Purchased 200 June 3rd $20 calls when stock was around $19.88 this morning. GL
LYFT-BUY ++The market is overextended and clearly after the earnings, we went south sharply.
For now, the technical picture suggest we buy current 20.40-20.60 and take profit 23.75.
Huge OI increases on 4 May - Low Risk CallsThe May 6, May 13, and Jun 17 expiries had big OI increases yesterday, at strikes between 21 and 25. I like the weekly chart for a swing call trade. The green spots on RSI show price should at least make a tradeable bounce from under 22. I will be looking for stochastic to start moving higher and a strong green candle will help strengthen this trade idea.
I bought 13May 25 calls for $0.26
The only reason I did not go out to June is because I will sell on a move up out of oversold RSI.
Lyft: You Gotta Know When to Fold'EmBear Market for Lyft started on November 26, 2021. How do I know? I simply look at the chart. If you heed my advice and exited at that time, you would have lost 50% less than if you exited today.
Trust the charts!
---
How to understand price action.
It is very easy to read price action if you have a reference point. These support/resistance lines are there to help you read where the buyers and sellers are likely to make a stand.
You can also think of these indicators as moving pivot points .
MasterChartsTrading Price Action Indicators show good price levels to enter or exit a trade.
The Blue indicator line serves as a Bullish Trend setter.
If your instrument closes above the Blue line, we think about going Long (buying).
For commodities and Forex, when your trading instrument closes below the Red line, we think about Shorting (selling).
For Stocks, I prefer to use the Yellow line as my Bearish Trend setter (on Daily charts ). A stock has to close below the Yellow line first, then rally towards the Red line and top out there. This is where I would short it.
short term rebound ( trading idea)Lyft, Inc. engages in the provision and management of an online social rideshare community platform. It provides access to a network of shared bikes and scooters for shorter rides and first-mile and last-mile legs of multimodal trips, information about nearby public transit routes, and Lyft Rentals to offer riders a view of transportation options when planning any trip. The company was founded by Marcus Cohn, John Zimmer, Rajat Suri, Matt van Horn, and Logan Green in 2007 and is headquartered in San Francisco, CA.
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.
Lyft (NASDAQ: $LYFT) Looks Like A Buy Over The Next Week! 🚐Lyft, Inc. operates a peer-to-peer marketplace for on-demand ridesharing in the United States and Canada. The company operates multimodal transportation networks that offer riders personalized and on-demand access to various mobility options. It provides Ridesharing Marketplace, which connects drivers with riders; Express Drive, a flexible car rentals program for drivers; Lyft Rentals that provides vehicles for long-distance trips; and a network of shared bikes and scooters in various cities to address the needs of riders for short trips. The company also integrates third-party public transit data into the Lyft app to offer riders various transportation options. In addition, it offers access to autonomous vehicles; centralized tools and enterprise transportation solutions, such as concierge transportation solutions for organizations; Lyft Pink subscription plans; Lyft Pass commuter programs; first-mile and last-mile services; and university safe rides programs. The company was formerly known as Zimride, Inc. and changed its name to Lyft, Inc. in April 2013. Lyft, Inc. was incorporated in 2007 and is headquartered in San Francisco, California.
Lyft Inc Fractal MapLook for the nearest black Fib lines to the price. Lower is support, closest high is resistance, wherever the price will be at.
Breaking above resistance or landing on support is long. Breaking below support or touching resistance without breaking is short. Spaces are the volatility triggered by the act of crossing.
LYFTHead & shoulders at the 0.618 retracement. Target near $22-23. Low volume to $32 then could get choppier below that, but I ultimately think the target gets hit.
Lyft Downside Wedge Break Weekly Options PlayDescription
Been watching this wedge in Lyft, and it caught my attention when it broke to the upside on 05NOV, trade here
The throwback into the pattern following the breakout increases my ease with this short position.
The trigger was a break and hold below 46, which occured yesterday.
Today LYFT went to retake the accumulation line but failed, leading to this starter short position.
I will look to add to this position on a decisive break away from the accumulation line of the wedge.
Using Long Puts
Long Put
Levels on Chart
SL is a daily close over 46.
Target price is the demand zone at 38 developed in NOV - DEC 20'.
*Stops based off underlying stock price, not mark to market loss
The Trade
BUY
12/23 40P
R/R & Breakevens vary on fill.
The placement of the long put is ~halfway between the current price and the target price for balance of chance of profit at expiration and R/R.
Manage Risk
Only invest what you are willing to lose
LYFT try to retag, a good location to shortHello everyone,
Today i want to share which you my idea on LYFT.
The price is going to hit the previsous support, and now it's a resistance. We can open a short at 44.87 and see if the price get reject.
The target is AB=CD, but for the most carefully of us you can take profit on the gap
