LYFT rises on news of the MSP dispute potential resolution LONG
Updated
LYFT was a recent idea upload. The news regarding MSP and the dispute resolution has helped
it rise off the ascending support trendline of the rising wedge pattern. The pattern may predict
decreasing volatility towards price consolidation and then a break out from the wedge.
In the meanwhile, I have added to my position since price is above the support trendline.
The PVT indicator shows a flip out on the pullback and I see this as a good add long entry. On a
low 1minute time frame. price gapped up with an engulfing candle with corresponding volume
at the opening bell today.
Importantly, a high volume spike also occurred in the after-market hours.
https://www.tradingview.com/x/LB6SK1fD/
My recent previous idea long on LYFT is linked here.
https://www.tradingview.com/chart/LYFT/y9htg87n-LTFT-breaks-out-over-lower-VWAP-bands-LONG/
The call option for $ 21.00 for April 19- 8DTE popped 140% today. I picked up a decent number of calls and will close them incrementally as they profit over the next week.
it rise off the ascending support trendline of the rising wedge pattern. The pattern may predict
decreasing volatility towards price consolidation and then a break out from the wedge.
In the meanwhile, I have added to my position since price is above the support trendline.
The PVT indicator shows a flip out on the pullback and I see this as a good add long entry. On a
low 1minute time frame. price gapped up with an engulfing candle with corresponding volume
at the opening bell today.
Importantly, a high volume spike also occurred in the after-market hours.
https://www.tradingview.com/x/LB6SK1fD/
My recent previous idea long on LYFT is linked here.
https://www.tradingview.com/chart/LYFT/y9htg87n-LTFT-breaks-out-over-lower-VWAP-bands-LONG/
The call option for $ 21.00 for April 19- 8DTE popped 140% today. I picked up a decent number of calls and will close them incrementally as they profit over the next week.
Trade active
Price dropped about 3% - buying the dip with a10% add to the position.
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