Lyft is still on major downtrend. IF you are keen, you may wait for a pullback to short this counter. I have draw 2 channel (blue major downtrend & Red temporary uptrend).
If the price breakthrough blue channel, downtrend will be invalid. therefore SL can set anything above the blue channel.
Short @ $38
SL @ $44
TP @ Ride with the trend
If the price breakthrough blue channel, downtrend will be invalid. therefore SL can set anything above the blue channel.
Short @ $38
SL @ $44
TP @ Ride with the trend
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.