LY0 trade ideas
$lyft red to greenWe were long $lyft at the open red to green move. Quick day trading scalp which was a no brainer.
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Lyft trova una base per partire Lyft, nuova compagnia listata in borsa da fine marzo sembra aver trovato una buona base ( con tanto di divergenza ) intorno ai prezzi 55-56$.
LYFT 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
lyft over vaule could be wrong but i believe LYFT WILL HIT A LOW OF $45 MY BUY ZONE STARTS AT $49 NO HIGHER
$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.
LYFT - Channel play Here are your entry's for LYFT - breakout or another breakdown. The last channel of 66-75 didn't hold, so lets see if it doesn't again.
LYFT -- If you missed the short, couple places to reloadLYFT
Continuing with my previous plan (The GAP), this stock is still going to make attempts at $50.
Here are some places where I am looking for a reload of either a shorter term play and/or more of a positional play, IF, the move doesn't just continue down to the original target LO of $50.
As much as I do not follow text book setups, sometimes they do match up my current thought process/strategy and this is one of those times...keeping it simple and staying patient.
LYFT IPO TRADESince Lyft went public it has had a straight up beating to its price. Still looking for lower prices. Looking for a retest of 67$ and then targeting the 45$ price level which would mean a 50% decrease of its initial price at offering.
Hammer on LYFTHammer on LYFT
If it still has hammer formation by EOD, good to enter. SL would be a candle close below 59.8
What can FB IPO teach you about LYFT IPOAnyone remember FB IPO? Just look at LYFT, both are classic pump and dump IPO's. So far they are like mirror images of each other and so could expect .
Before buying LYFT consider that FB only started basing after it finally started had a positive earnings report and a breakout above the 200sma.
LYFT. Price GAP to watchout for Profitable tradesAs we all know that LYFT IPO fell below the IPO price and is currently in the phase of forming supports for the longterm. As shown in the chart there is a major gap in the price which could be filled in near future.
LYFT - hypeioNot trading this one, but LYFT IPO recalls memories of Facebook going public. Same huge hype, multiple times oversubscription, retail traders jumping in on first day of trading and then getting f*****d.
I have a suspicion Lyft will go even lover from this $60 level. Good luck.
