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
4LYFT trade ideas
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.
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.
short term rebound ( trading idea)Lyft, Inc. engages in the provision and management of an online social rideshare community platform. It provides access to a network of shared bikes and scooters for shorter rides and first-mile and last-mile legs of multimodal trips, information about nearby public transit routes, and Lyft Rentals to offer riders a view of transportation options when planning any trip. The company was founded by Marcus Cohn, John Zimmer, Rajat Suri, Matt van Horn, and Logan Green in 2007 and is headquartered in San Francisco, CA.
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.
Lyft (NASDAQ: $LYFT) Looks Like A Buy Over The Next Week! 🚐Lyft, Inc. operates a peer-to-peer marketplace for on-demand ridesharing in the United States and Canada. The company operates multimodal transportation networks that offer riders personalized and on-demand access to various mobility options. It provides Ridesharing Marketplace, which connects drivers with riders; Express Drive, a flexible car rentals program for drivers; Lyft Rentals that provides vehicles for long-distance trips; and a network of shared bikes and scooters in various cities to address the needs of riders for short trips. The company also integrates third-party public transit data into the Lyft app to offer riders various transportation options. In addition, it offers access to autonomous vehicles; centralized tools and enterprise transportation solutions, such as concierge transportation solutions for organizations; Lyft Pink subscription plans; Lyft Pass commuter programs; first-mile and last-mile services; and university safe rides programs. The company was formerly known as Zimride, Inc. and changed its name to Lyft, Inc. in April 2013. Lyft, Inc. was incorporated in 2007 and is headquartered in San Francisco, California.
Lyft Inc Fractal MapLook for the nearest black Fib lines to the price. Lower is support, closest high is resistance, wherever the price will be at.
Breaking above resistance or landing on support is long. Breaking below support or touching resistance without breaking is short. Spaces are the volatility triggered by the act of crossing.
LYFTHead & shoulders at the 0.618 retracement. Target near $22-23. Low volume to $32 then could get choppier below that, but I ultimately think the target gets hit.
Lyft Downside Wedge Break Weekly Options PlayDescription
Been watching this wedge in Lyft, and it caught my attention when it broke to the upside on 05NOV, trade here
The throwback into the pattern following the breakout increases my ease with this short position.
The trigger was a break and hold below 46, which occured yesterday.
Today LYFT went to retake the accumulation line but failed, leading to this starter short position.
I will look to add to this position on a decisive break away from the accumulation line of the wedge.
Using Long Puts
Long Put
Levels on Chart
SL is a daily close over 46.
Target price is the demand zone at 38 developed in NOV - DEC 20'.
*Stops based off underlying stock price, not mark to market loss
The Trade
BUY
12/23 40P
R/R & Breakevens vary on fill.
The placement of the long put is ~halfway between the current price and the target price for balance of chance of profit at expiration and R/R.
Manage Risk
Only invest what you are willing to lose
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 Downtrend Range 2HRLFTY has seen a downtrend range since March 21', and keeps making lower lower and lower highs. Chart may look a little messy with the VPA, but here are the notable things about this pattern:
-Both support and resistance have had 2 high touches, with the 2nd touch nearing the resistance (support has had 3 touches)
-The ellipse shows a Head/Shoulder formation, with the neckline confirming a sell on the break, further rolling LYFT down the hill
-VPA suggests that the downtrends overall POC (shown in yellow) and the green POC show a average POC of $54.40-ish
-Red VPA suggests there will be a battle of $50.50, however , most of this volume was realized this last earnings call - nearly 425k to be precise, so 'battle' might be closer to $48.48 (in between red and green POC's)
-Nov. 5th gap. Historically, LYFT has had a decent rate of filling the divots, I expect this to not be different.
-MACD in stagnant divergence over the past few days.
Nevertheless, I believe LYFT will follow the trading bands for the moment, possibly making another touch on the support.
LYFT Gearing up for a Massive Upside Move?Lyft has been consolidating in this descending triangle for what is coming up on a year now, and I believe the catalyst for a breakout is quickly approaching. Since going public, LYFT has never posted a positive EPS an any earnings report, but that changed last quarter when they posted their first ever positive EPS. Stock price soared in the following week, jumping 26% in only 8 DAYS, without breaking out of structure. The Q421 earnings report date coincides nearly perfectly with the end of its prevailing wedge structure, which I believe will push price action up to at least old resistance (55% move) but also perhaps to ATH at around $88, which would represent an 80% move in stock price.
LYFT Wedge Break Weekly Options PlayDescription
LYFT has been working this wedge since FEB of this year, and now we're starting to see a breakout to the upside.
A close > 53.5 triggers a long.
Using A call debit spread, because profits are always limited by time.
Call Debit Spread
Levels on Chart
SL is a daily close back in the wedge.
*Stops based off underlying stock price, not mark to market loss
The Trade
BUY
11/12 55C
SELL
11/12 62C
R/R & Breakevens vary on fill.
The long call is placed ATM for higher chance of profit,
The short call is placed at the previous peak in the wedge.
Manage Risk
Only invest what you are willing to lose
LYFT- Double Bottom - BullishLYFT - Double Bottom formed and wedge pattern
Targets are highlighted in the chart.
Watch for the wedge breakout.
