4LYFT trade ideas
LYFT - hypeioNot trading this one, but LYFT IPO recalls memories of Facebook going public. Same huge hype, multiple times oversubscription, retail traders jumping in on first day of trading and then getting f*****d.
I have a suspicion Lyft will go even lover from this $60 level. Good luck.
LYFT (It is about to get lifted soon)Updated View On LYFT (5 Apr 2019)
Back Ground: Lyft shakeout is nothing but an attempt of the traders who didn't get it at IPO price and they want it cheap. So, we shall see the rise to continue.
$1,300 to $1,310 region shall be acted as strong resistant too. Further bullishness movement will come in only after break out that 1300-1310 region strongly. So watch that region closely.
Target(s): UP $77.78 (TP1)
SHTF: It will use $65 as strong support.
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$LYFT - daily chart & trading analysis$LYFT - has been an awesome ticker to day trade the last week since its IPO on the 29th. Hit the short side the first couple days and nailed the red to green on day 4. Tickers like these that are moving irrelevant to the market conditions have had the most luck in follow through. Today we had another nice selling off action, with an ORB short setup at the open, along with nice follow throughs on the bear flags.
Easy trades are coming to an end with it trading in its range now. Waiting for a break of consolidation of either highs or lows for some more movement. $LYFT has also put the pressure on Uber to pick up their socks and continue their expansion to other regions (India & Asia), will be interesting to see how these two big dogs go head to head over this year.
Earnings season is approaching next week. For me, this signifies the market will be a little stale this week and have less follow through / momo names on our scans that previous weeks & months. Nonetheless, just taking smarter & cleaner setups, dialed down risk a bit as well as amount of day trades taken daily. Going to be looking to get hungry and aggressive next week for the remainder of the month.
Have a great day!
LYFT - $65 and the GAP Continuing with the IPO week for LYFT, here are a couple of new scenarios that may play out ...
Its my belief based on the chart / price action, that this recent LO will determine what happens at the GAP, should price reach it:
Either:
A. The current LO is in place, then a revisit to the GAP (and fill) may show as a pivotal resistance point, temporarily. And then make a valid attempt at the IPO day HI.
Or
B. A new LO ($65 or less) would have the GAP play out (if it tests it) as resistance, before seeing declines to prices of $60 and $50.
LYFT Chart Pattern NASDAQ:LYFT
If lyft can break the trendline, it may see lower prices. Keep in mind this is super crowded with mainstream media coverage so keep that in mind for a potential squeeze if short. Have your stops in place for protection
The problem with LYFT, UBER, AirBnB & SlackTodays IPO for LYFT was rather successful, suggesting that UBER could possibly top the $100bn mark. However, its too easy to get caught up in the noise, an IPO is an exit strategy!
LYFT - Priced to fall 20% and lower ???After 1 day of trading, here is a forecast of potential trading action moving forward.
If LYFT catches a bid on its second day of trading, I'd expect a run to test IPO day HI and trap BULLS before a move lower to 70/69.
Otherwise, selling continues down to 69 or lower with any retraces only acting as stall points - 20%+ down from its HI's.
Does LYFT remind you of SNAP?
Lyft was founded in 2012, and it generated more than two billion dollars in revenues last year.
Still, there are also some striking throwbacks, beginning with the fact that Lyft is losing a great deal of money: $911.3 million last year, $688.3 million in 2017, and $682.8 million in 2016. That’s almost $2.3 billion in three years. Therefore, In my opinion LYFT stock is over priced and as of right now the valuation is really high.
UBER will be going public soon and it's 5 times bigger than LYFT and has an international presence. I would suggest new investors to not fall in the trap and wait till UBER goes public.
Possibles areas of rebound with fibo extensionsOn friday LYFT launched its IPO at the price of 86.75 but the price close at 78.28 with a negative change of 9.7%, according to the fibonacci extension applied to the 15 minutes chart, from the high to the low before the reversal structure, the downside movement can reach the prices of 75, 67 or 56 before could see a important upside movement.
Legalized Gambling Getting Out As Fast As They CouldWall Street's new flavor of the week, the hot IPO today was a company named Lyft.
Perhaps you'll pardon me for not knowing much about this company.
If it's a ride sharing company, then that's understandable,
as the business model fits today's mentality of rapid growth, of the new economy, over old traditional established.
I do know the IPO was oversubscribed, and the stock began trading over $85 a share.
And I do know, from looking at the chart, that on day one,
those who were fortunate enough.. they think,
to get in on the initial offering,must a have felt they had riches waiting to be harvested,
However, a peculiar thing happened after the stock opened mid day.
In a bout of not one, but two selling bursts, Lyft, plunged 10 % in just 3 hours this afternoon.
Those who needed to own the hot IPO at 85, were being overwhelmed by sellers,
who on the other hand were just looking to get out as fast as they could.
The stock market mentality of legalized gambling,
shown in both the flashy, showy aspect of the sales pitch, the IPO
and the immediate bust of the result, the 10% rollover in the value
clearly shows that substantial market risk, however you want to measure +package it
is very much alive and well.
Buyer Beware.
THE_UNWIND
3/29/19
NEW YORK
IPO's are a redistribution of risk! IPO's are the most sought after exit strategy because they are the most profitable. This is a redistribution of risk opportunity for the Owners & Venture Capital firms on to financial firms, and then on to retail investors. Remember! this business is sold. There is always opportunity, but today was not it for retail in LYFT.
LYFT JUMPS 20% ON IPO DAYOn it's IPO day, Lyft started trading at around $87.24 and reached a high of around $88.59, only to close trading at $78.29.
Take the LYFT DownIt was not such a great day for the much anticipated IPO, popped 20% at the open but has dripped down all day into the Golden Pocket. More selling could be on the way.
