LYFT Cyclic Channels - Short Mid-Term
Updated
LYFT is failing at multiple rallies and price action.
Note
Performance is poor on cyclic basis. I entered several Call Credit Spreads using 33.50 for sold call strikes. Volume Weighted Average Price is flat suggesting lack of momentum. Target Zone should be where new movement can be analyzed. LYFT will need new info/breaking positive news to get into Entry Zone. Entry signal will be strong if prices stay in this short/consolidation channel and are able to break above 33.50 in late June.
Note
Had to exit due to breaks in resistance levels. Overall market outplayed trends for LYFT it appears.
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.