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Ridesharing

LTFT breaks out over lower VWAP bands LONGLYFT on a 15 minute chart hit a high pivot about 3/20 and then fell until April 4 where a low pivot reversal occurred. VWAP lines and a volume profile serve to support a bullish bias. LYFT will likely rise to the Fibonacci level on the chart confluent with the mean anchored VWAP or the zone of 19.25. If there is enough momentum passing through that high volume, liquidity and volatility zone it could continue and push into the 20 level. I will take a long trade here also noting the TSLA news regarding RoboTaxi has potential relevance. It is not beyond the realm of possibilities that a partnership between TSLA and LYFT and or UBER comes on the scene. This would provide a further catalyst of fundamental support for LTST's market cap.
NASDAQ:LYFTLong
by AwesomeAvani
Lyft: You Gotta Know When to Fold'EmBear Market for Lyft started on November 26, 2021. How do I know? I simply look at the chart. If you heed my advice and exited at that time, you would have lost 50% less than if you exited today. Trust the charts! --- How to understand price action. It is very easy to read price action if you have a reference point. These support/resistance lines are there to help you read where the buyers and sellers are likely to make a stand. You can also think of these indicators as moving pivot points . MasterChartsTrading Price Action Indicators show good price levels to enter or exit a trade. The Blue indicator line serves as a Bullish Trend setter. If your instrument closes above the Blue line, we think about going Long (buying). For commodities and Forex, when your trading instrument closes below the Red line, we think about Shorting (selling). For Stocks, I prefer to use the Yellow line as my Bearish Trend setter (on Daily charts ). A stock has to close below the Yellow line first, then rally towards the Red line and top out there. This is where I would short it.
NASDAQ:LYFTShort
by mastercharts
White House backs ride-sharing oversightThis is bad news for Uber and I couldn't be more pleased. Everyone, this is absolutely not financial advice and just my opinion, but it would be SUPER cool if we all just made Uber go to like $2 a share. That might still be too much because their business doesn't actually even make money anyways.... hmmm... So the white house is putting pressure on. Showtime just released a new film about the scandalous ex-CEO Bolt is driving new competition (literally lol) and doing great. Plus they're threatening drivers that don't accept all rides with deactivation. FACT: They only exist in a market where money is free. Turns out money can't be free forever???...poo
NYSE:UBERShort
by MonetaryRebel
UBER ($UBER): Down like Gross Revenue, or Up like Eats?✨ We provide charts every day ✨ Drop a requested Ticker in the comments and we will be sure to take a look ✔️ Like & Follow to help the community grow! 🎉🎉 --- Uber Rides got hammered from COVID, taking a $5 billion loss, but Uber Eats saw epic growth. While Uber says business slowly coming back now that the lockdown is gradually ending, the trend is still technically bearish and we are running up against resistance. Given the above, we are looking for a short setup. Resource: finance.yahoo.com --- 1. Fractal Trend is signaling a downtrend (Maroon bar color) on the 4 hour chart, and that means we can take short setups with our strategy. 2. With the strategy, we are looking to open a position after a rejection from either an orderblock plotted by Orderblock Mapping or an S/R level plotted by Directional Bias. 3. R1 looks like it will act as resistance and give us a solid entry, so we are waiting for a reaction there. 4. To the downside we have a number of levels that can act as support. Any of these levels could serve as exits or take profit levels depending on the reaction there. 5. Overall we don't want to be too aggressive shorting here, Uber had a bad quarter, but betting against the stock during a recovery from COVID as people get back to using ride sharing seems like a bad idea. 6. With the last point in mind, we have a relatively tight stop above R1 and will be exiting if Fractal Trend signals a trend change. Our target is S2 instead of a lower target as that should be a major level to retest on the way back down. In other words, we have a nice setup for a short here, but we aren't trying to short Uber to zero or anything.
NYSE:UBER
by AlphaBotSystem