LYFT Disappointing OutlookLYFT predicted Q2 revenue of $950 million to $1 billion vs $1.02 billion expected
adjusted Ebitda of $10-20 million vs $83 million analysts expectations.
With this type of slow growth for a $10.7Bil company, my buy area is between $15 and $20.
Looking forward to read your opinion about it.
Lyftshort
LYFT try to retag, a good location to shortHello everyone,
Today i want to share which you my idea on LYFT.
The price is going to hit the previsous support, and now it's a resistance. We can open a short at 44.87 and see if the price get reject.
The target is AB=CD, but for the most carefully of us you can take profit on the gap
LYFT, Inc. SHORT POSITIONLyft Inc. is an on-demand transportation-as-a-service provider. The company is the second-largest ride-sharing service provider in the U.S., connecting riders and drivers over the Lyft app that has also entered the bike- and scooter-share market to bring multimodal transportation options to users.
Daily RSI is still bullish but we can spot a bearish divergence, pointing at a possible pullback and re-test of previous supports. In fact, on 4 hours time frame, we can see how the prices already hit the upper level of the Keltner Channel and is now re-tracing, with a decreasing RSI. Using the Williams Fractals, we can see the bullish fractal already appeared. Due to these findings, all indicators are going at the bearish momentum, therefore a short signal is generated.
Position: SHORT
Entry price: $ 52.05
Target price: $ 44.76
NO FINANCIAL ADVICE