LYFT is a buy or sell in the next 2 weeks?After a sharp 130% move in 43 days, Lyft is now building a consolidation pattern.
Proper stop loss/ buy put option:46
proper buy stop/ call option:49
it is better not to trade between 46-49
4LYFT trade ideas
Lyft lifting offAfter a long correction after its ipo. Likely this is the start of a bull run!! Previous highs seems reasonable.
LYFT Analysis Multi Time Frame Analysis #TradeIdea
Bullish Over: 44.64
Price Target: 51.06
Stop: 41.45
Contract: 01/15 50c
LYFT Fib 618 Reversal Play - The Basics!LYFT
Today's Date 11/28/20 800am
Plan: Bullish on Basic FIB 618 reversal play.
Linework:
Fibs from Oct 20 low to Nov 20 high (the Prop 22 runup)
Horiz Price Lines, note several touches as far back as April 2020.
"We've been here before"
The Nov 20 high is the same high as Jun 9 and Mar 5, we already see that rejection.
Fib 618 has caused many past reversals as rejection before. Now that we've broken out of that zone, I say it's a support now.
Set up an OCO Bracket play today. Buy around FIB 618, ride up to fib 786 or fib1 depending on strength of hands.
LYFT Chart Hey investors, LYFT is in a bullish channel with buy volume return and sellers wicking doji. Leaning on the TIMEFRAME M1 we see a form of doji with an unusual sales volume it is going to go to its last next lower. And turning around in this situation we can witness a test of the bullish channel with breakout of the price. While waiting for a breakout of the volume for the comfort zone and to leave the bullish channel for an aggressive buying acceleration.
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symmetrical triangle, declining volume, pt $44-45textbook symmetrical triangle.
i took 2020-12-18 C $41.5 today
$LYFT Bearish Trade PlanGreen Line - Entry Target
Red Line - Exit Target
Pink Line - Stop-Loss
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LYFT BounceLYFT has run up into resistance, which is now only its third test. Its run up into resistance was on declining volume. It also is exceeding its average true range and needs the moving averages to catch up before it can continue the trend. This points to a bounce off resistance leading to a pullback to the moving averages.
LONG LYFT POTENTIAL 30% UPSIDELYFT starting to move after a POST IPO dump.
Looks good on the long side taking into consideration UBERs recent move above its IPO level.
Entering the Food business, I believe further government regualtion will be good for the stock.
Potential double bottom, trade into $50 resistance level.
$LYFT Bearish Swing TradeGreen Line - Target Entry
Red Line - Target Exit
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$LYFT Post earnings long above $39.00
Potential long entry above $3850- $39.00
target price to resistance $41 & $44
LYFT good hold of macro support filling out greater 3 waveTarget for wave 3 is around 50+, so this is more of a longterm buy and hold. Prop 22 passing in CA could catalyze the wave 3 reaction. Copyright Rohan Karunaratne 2020
LYFT ShortNice H&S breakdown recently. Still looks like we could have plenty of downside left to go.
$Lyft $Lyft Knife is fallingLyft is in the low volume area(marked with yellow boxes), this will go back to areas of higher volume, the further it goes down from here, the more confidently you can buy IMO. this is not financial advice this is my punting opinion.
LYFT Breakdown 6th testLYFT has tested the 27 range six times, with each test the support level becomes weaker. I am looking for a breakdown to the 25 range as a first target. Earnings is coming up on LYFT, so i'll make sure to be out of trade before they report.
