1LYFT trade ideas
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.
LyftThis ones off to a weak ass start but looks like a final fifth wave to me before some kind of a correction , we will see what the future brings but here is my bottom target for Lyft . If it hits and holds im going long ..... you never know what these things can do once the Market Makers step in :)