$LYFT BREAK OUT! LFYT potential to see a break out and ride back to the massive gap down. Currently trading under COVID LOWS
4LYFT trade ideas
$LYFT Long Entry is Possible 🚗This trade could be risky for short term trading as the price is still making lows. However, if you are looking to hold for 3-4 months, then a small entry here can be beneficial. Today I added like 2.5% of my portfolio. Let's see.
Might be forming wave B ending this diagonalI'm feeling like we are ending a diagonal wave and the latest wave formation is a flat (3,3,5). Thus I'm seeing if something like this could play out but we'll see what happens. So pop up to finish wave B, then 5 fractals down.
Thoughts, anyone?
*Not financial advice, just my ideas.
Lyft Being Accumulated?At a commenter's request: Lyft has some interesting patterns. It's currently in a bearish channel established at its inception. Given the state of the economy, I wonder if someone isn't accumulating it while they wait for things to "get back to normal." Drag it down, get it cheap, then wait for it come roaring back.
Buy 9 shares of LYFT foe Every one share of XLULyft
SPDR Select Sector Fund
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1- No stop loss.
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2- for options is Excellent:
5 call option 3 months contract of SPDR Select Sector Fund for every One call option 3 months contrac of Lyft .
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Happy Trading!
Lyft May Have a Descending TriangleRidesharing company Lyft has tried to hold a price range since the spring. Now, after a couple of fleeting bounces, a bearish continuation pattern could be materializing.
Notice the high on August 8 near $20, followed by a pullback to $13.75. LYFT then bounced but couldn’t get above $19. That high and lower high have produced a descending triangle -- a potentially bearish continuation pattern.
The stock has tried to hold the bottom of the formation this week and could now be at risk of breaking below it.
Next, you have the 100-day simple moving average (SMA), which has tracked neatly along the top of the triangle. Prices have also slipped back under the 50-day SMA.
Finally, MACD is turning bearish.
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Lyft inc Fib TriangleWaiting for better times for a long-term entry. Sub-35 is my desired price level to kick off the strategic accumulation of the stock.
Credible alternative to UBER.
LYFT: Uplift due?LYFT Inc
Intraday - We look to Buy at 12.19 (stop at 8.59)
Daily signals for sentiment are at oversold extremes. Prices expected to stall near trend line support. We expect a reversal in this move. Dip buying offers good risk/reward. A higher correction is expected.
Our profit targets will be 22.86 and 29.00
Resistance: 23.00 / 45.00 / 66.00
Support: 12.00 / 6.00 / 3.00
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LYFT - Short Position Reviewing a short position I just opened. Entered at 16.51$ as LYFT was approaching the highlighted resistance level and above 70 on the RSI, indicating that it is overbought. I'll be adding shares once I get confirmation of the move to the downside I'm looking for. Simple trade, limited risk as it is not too volatile and I have no problem with holding this over the weekend. Good luck everyone.
LYFT Priming up for a reversalLYFT currently trading at 16.72, Trendsi indicators showing that LYFT is moving into the Green lower bands, which indicates a good opportunity. I am looking into trading around 16.56 or lower. Being patience will all my swing plays and making sure all Trendsi indicators signal a opportunity in order to come out green in the market. I normally make my plays a 1 month contract, ensuring maturity in the contract. If you guys are interested or just want updates on certain plays I make, please let me know. I am here to grow as a trader and help everyone grow as well.
LYFT continuing a BreakoutLYFT beat earnings by 4X this past week and so brokeout.
On the cloud indicator, the conversion line has diverged above
the baseline.
LYFT could be watched for breakout continuation.
The Awesome Oscillator and VWAP Oscillators validate the breakout,
Added to watchlist for Monday, Aug 8th
Plan to check UBER. NASDAQ:LYFT
LYFT ready to LIFT OFF!LYFT for a bounce $21-$25 in coming weeks. False bear flag, oscillator turning upward, oversold on many indicators and excessive shorted stock which will bring additional buyers on upward move
LYFT longTypical example of sawed level at 14.67
It's confirmed by two false breakouts.
Volatility down, short interest about 10%
Possible upward movement all the way to 18-20
NOT financial advice, use SL and manage your risk!
LYFT-BUY++++This share looks it will take off soon. The "false bear flag" pattern is a classical pattern and will over time recover at least to 50% of the flag pole. I feel $ 21-23 per share is possible.
For those into stocks, great opportunity.
The break-out point 18.75 of the resistance.
LYFT no change in view extending position further outMy June 3rd calls will likely go to ZERO. Doesn't change the overall target of $28 so I have repurchased 100 July 1st $18 calls with target of $28 in mind. 1/2 position will add on weakness> I believe we should have another 1-3 weeks of bear market rally provided no major events derail the markets.
$LYFT with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $LYFT after a Negative Under reaction following its earnings release placing the stock in drift D.
LYFT-BUY++No change in view.
The stock should gravitae back towards 25-28.00 near term. The RSI is very low weekly chart and we got a false bear flag as well, and this means a highly lthe possibility for a correction.
Strategy BUY @ 17.00-17.50 and take profit above 23.75.
LYFT-STRONG BUYThe stock has been lagging behind many others, and we have a FALSE BEAR FLAG pattern, which indicates we should see at least a move back towards 25.-30 in the near term.
The RSI is very low, and the stochastic (not shown) is low as well and turning.
Strategy is BUY current $ 17.40-18.00 for a move to 25-26 initially.
LYFT for a bouncey bounce!Oversold on several indicators looking for a bounce over $26.00. Purchased 200 June 3rd $20 calls when stock was around $19.88 this morning. GL
LYFT-BUY ++The market is overextended and clearly after the earnings, we went south sharply.
For now, the technical picture suggest we buy current 20.40-20.60 and take profit 23.75.
Huge OI increases on 4 May - Low Risk CallsThe May 6, May 13, and Jun 17 expiries had big OI increases yesterday, at strikes between 21 and 25. I like the weekly chart for a swing call trade. The green spots on RSI show price should at least make a tradeable bounce from under 22. I will be looking for stochastic to start moving higher and a strong green candle will help strengthen this trade idea.
I bought 13May 25 calls for $0.26
The only reason I did not go out to June is because I will sell on a move up out of oversold RSI.
