LYFT ShortNice H&S breakdown recently. Still looks like we could have plenty of downside left to go.
LY0 trade ideas
$Lyft $Lyft Knife is fallingLyft is in the low volume area(marked with yellow boxes), this will go back to areas of higher volume, the further it goes down from here, the more confidently you can buy IMO. this is not financial advice this is my punting opinion.
LYFT Breakdown 6th testLYFT has tested the 27 range six times, with each test the support level becomes weaker. I am looking for a breakdown to the 25 range as a first target. Earnings is coming up on LYFT, so i'll make sure to be out of trade before they report.
Lyft Stock Analysis with Technical AnalysisPrices are moving inside a channel. The idea is to hold.
Option 1 only if the resistance of 33.5 USD will be broken, otherwise Option 2 might be the most likely to happen.
Just hold for now and see what will happen at the level of 33.5 before making any decision.
Always check UBER stock to have a better understanding of this stock behaviour.
LYFT to lift off?I like how this thing is shaping up with a bottoming pattern (dare I call it inverse h/s?!) No, it's not perfect, but if you need perfection to trade, then look elsewhere.
My dowsing/intuitive method gives me 2 indications of a longer term trend reversal (up), so wth, let's try it.
I like the test today of the prior highs/trend line from above... Needs to get above the downtrend line, but entry today and stop at a close below the 50 day.
I also expect a big pop in indexes, so that could help her get going through that symmetry resistance at yesterday's hod.
Lyft Stock AnalyseLyft Stock Analyse
*Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
LRSI is showing overbought in the short-term.LRSI is a more accurate RSI. I would sell and buy back in at a discount.
$LYFT trade idea... down channel breakoutLYFT attempting to break out of its down channel that it has been trading in since June. We need too hold the point of control @ 30.00 in order to successfully breakout. There was positive news this week for LYFT, a potential catalyst. Uber, Lyft rallied on Thursday after California appeals court delays business model change
$LFYT $35.00 Price Target
Potential long entry on break from channel at approx $31.00
Upside target @35.00
Huge Volume 'LYFT' LYFT INC (LYFT) is currently trading approx 64% below fair value, its currently unprofitable and not forecast to become profitable over the next 3 years. Revenue is forecast to grow 26% per year. LYFT bounced off falling wedge support yesterday amid a massive volume spike, totalling 56,019 000 (avg 10,857 930) . Total shares outstanding amount to 306,808.
52-Week Range14.56 - 54.69 5-Day Change +0.88 (+3.05%)
Watch for a break, hold and close on the daily time frame above (1) for further upside action.
Time horizon for this trade set-up is for the short-medium term.
LYFTDue NASDAQ and Tech companies controlling the market and LYFT getting a reprieve from court ruling buyers have come into play
OPENING: LYFT SEPTEMBER 18TH 25/40 SHORT STRANGLE... for a 1.38/contract credit.
Notes: High 30-day implied at 81.2% with earnings to be announced shortly.
Defined Risk Alternatives: September 18th 20/27.5/35/42.5, paying 2.23 with break evens wide of the expected move. Setting up an iron condor out in September is a bit pesky, since you still have 2.5 wides to deal with.
$lyft daily-Bearish cross on Macd incoming
-Break of symmetrical triangle
-Large volume for confirmation
-Targets indicated below
Drop to 25$ seems likelyIt looks like lyft just finished a corrective wave and earnings wasn't too great for them either. Hard resistance at 33$ so I'm setting my call credit spreads there for this week and if it breaks 29.50$ i'll be buying some puts. Strong support in the 25$ area.
