LYFT Inc. Rising Channel, Respecting .382 & .5 Fib RetracmentsPlease see Callouts on chart
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LY0 trade ideas
Poised for an upwards breakLYFT looks ready for an upwards break of a resistance around $65. With an increasing bullish outlook for the overall market and tech stocks flying high theres a good chance we hit $70+ soon.
LYFT Gaining Momentum After Completing RetracementHere we can look to long LYFT to the most recent highs after price reversed from a fibonacci confluence zone.
Uber saved the day for LYFT. While examining LYFT you have to consider where the stock would be if UBER had not come on the scene in may, Its IPO changed the sentiment of the investor and analysts community whom had the Knives out for LYFT from the minute the first share was traded. Rightly so to , the IPO was somewhat of a disaster and the anticlimax of the year so far, after all the company is burning money with no attention of changing that while in hyper growth mode.
Technically the chart is starting to become bullish as the stock has seemingly built a base since early May.
Currently looks poised to breakout from a channel with above $65 as a possible long, if volume improves and the market remains bullish.
AVERAGE ANALYSTS PRICE TARGET $53
AVERAGE ANALYSTS RECOMMENDATION OVERWEIGHT
COMPANY PROFILE
Uber Technologies, Inc. operates as a technology platform for people and things mobility. The firm offers multi-modal people transportation, restaurant food delivery, and connecting freight carriers and shippers. The company was founded by Oscar Salazar Gaitan, Travis Kalanick, and Garrett Camp in 2009 and is headquartered in San Francisco, CA.
LYFT Trading Unicorns Buy signalWhen an IPO float sinks we can wait for a bargain buy entry signal. But how to avoid the falling knife?
Wait for a new low to bounce high enough confirming that the down trend has ended and buy with momentum.
Count back line analysis draws a red line from the new low and green line from the high of the third lowest daily candle. When price closes above the green signal line, this is our buy signal. Price has moved above, oscillated below and now prints a second chance entry signal. Place stop below the low redline.
No fear, it's just a money trade with $LYFTI'm sure the price is going to hit the resistance $72 area, it's ~ 10% of profit if you buy today. Or if you have your enter target like I have ~ $62 we will do more than 15% profit.
Time Frame : 1D
Resistance ~ $72
Support:
~ Uptrend line
~ Support EMA lines
Enter: $63-61
Stop Loss ~ $58.5
TP 1 ~ $73
TP 2 ~ Maybe it will be pumped like TLRY or TSLA. So you can take a little risk to hold 3% in $LYFT
I have the REDDIT and TWITTER with the same name, if you wanna ask me or community, feel free to do that. Hit like, comment and follow for more profitable ideas.
$LYFT Tight coiled daily Needs 64.60 to confirm On watch for a potential move to 70 Will be going over this in detail this morning in the live feed room
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!
Stock Pick for Position Traders: $LYFT$LYFT just broke out from its immediate resistance level. Needs to stay above 64 level for breakout confirmation.
LYFT INC - Sometimes the crazy ones get lucky. Will it do 123% ?Risk Reward : 11.62
Stop loss : 54.68 ( -10% stop loss very very high risk )
Target : 136.47
Take profits at red boxes.
Long term EOY
Lyft - Inverse Head and Shoulders?I've opened a Diagonal Spread going into earnings on this. It appears to be hovering around support / resistance of $55.
Lyft at upward trend line, looking bullish toward top of channelLyft is in the middle of its upward-sloping channel, and this week it's been following an even steeper upward trend line toward the top of the channel. Right now it's at the trend line, looking bullish for late today and tomorrow.
Lyft breaking important resistance (intraday)If LYFT can stay today above the $63. I would expect it to go higher.
If the candlestick today has a wick on its top (breaking through this $63). I see potentially heavy winds for the stock.
LYFT Inverse H&S bullish breakoutPattern: Bullish breakout of inverse Head and Shoulders
Edge: No outside edge since this stock just IPO'd a few weeks ago. We are just trading the pattern.
Risk Management: Bought at $62.92. Stop below $58.52 (below the 20 day moving average). PT1 is $73, PT2 is $78 (gap fill), then open target for the remainder of the shares.
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 Inverse Head and Shoulders 66 test could come today or 2morLYFT Inverse Head and Shoulders 66 test could come today or 2mor
