LY0 trade ideas
LYFT gets a lift from Uber results
possible entry level $51.00
target price $57.00
Stop loss $49.00
Set to move in confluence with Uber today but may be a good long trade into earnings on the 11th feb.
Trade Journal: Long LYFT - 2/4/2020LYFT has been setting up a nice Inverse Head & Shoulders pattern in the daily chart and had recovered from lows last year. LYFT had been lagging behind UBER and I saw an opportunity to get in full size into a potential breakout. Yesterday I went long UBER, however I held back from putting in full risk due to the market conditions. Today's action of QQQ and SPY is showing a bullish picture and the theory that I had about a short term bottom was true. What also is driving these speculative names is what I can only describe as delusion. There is a lot of delusion and greed in the market right now ( TSLA ) which is making these speculative names very spicy . I consider this trade a short term volatility trade and I plan to close most shares before LYFT's earnings report.
Entry - 49.63
Stop Loss - 48.90
Target - 56.00
Lyft Trade setup
Possible entry level $51.15
Target price $54.91 to Fibonacci 1-2 extension
stop loss $49.48
$LYFT Shares Break Out with Good Indications in PlaceLYFT shares broke out of range resistance on Tuesday. Ichimoku Cloud indicator has a full green light on the breakout at this point. Volume was strong, suggesting substantial participation.
LYFT - ready for lift off?Looks like a good H&S pattern and consolidation right at important FIB resistance. 20 day rising thru the 50 day and both looking for the 200 day above which is falling. I suspect this is going higher in this up trending market with not much resistance until $57-60 area. Nibbling here as it looks like a real break-out is coming. Volume picking up.
watch for breakout of reverse H&S wth lunch of B.C into the ride hailing ... there seems to be some ground shifting ... could be a potential turn around for Lyft and Uber . lets see how the chart signals this in short term
Long LyftToday lyft announced the reconstituting plan (www.nytimes.com) which drives the price down. Personally I think this is positive news rather than negative news since they are working hard toward profitability. The resistance is around $49-50 area I plan to scale in some soon and buy more if we break this resistance, the stop can be around $40-42. The target should be at least $70. If lyft can show consistent results in one or two quarters towards profitability, there will be more upside. Their current revenue growth rate of 60% with just 2x sale valuation provides good risk/reward for this investment.
Time for LYFT to be lifted up !If price can breaks out of 46.13 , it is likely to go higher towards 56.41 then 72 where it revisit its IPO price in April last year.
LYFT OFFIs this the most perfect 4H pivot, daily support, broken trend line, and golden cross rejection candle you've ever seen? If it closes im grabbing calls LONG
lyftthe best opportunity to buy low-risk, high-profit LYFT
first targets: 60 then 68 $
SL: the price should not be lower than the "c" wave
Lyft in bullish run.Lyft has traded well off the lows and on ever increasing buy side volume.
Sentiment has changed towards the stock as investors are now looking for some laggards with good potential returns.
MACd is up-trending and a cross above zero would be very positive.
RSI and Stochastic also trending higher in a bullish trajectory.
Stock is quite a congested area of price action so may remain in this channel between support and resistance for a little longer.
LYFT Picture Perfect Pivot & EMA Cross Rejection A+ SetupWatching the 4 hour candle close for an A+ rare trade where, after short pullback, long wick candle rejects the Pivot, AND the 14 EMA, WHILE CROSSING the 50 EMA. This looks like a picture perfect setup ladys and gents
$LYFT Lyft EOY 2019, breaking the trendline makes a new trade$LYFT Lyft EOY 2019, breaking the trendline makes a new trade. Dashes line is next resistance if the trendline holds it. Doubt that it could be strong enough to rally further to $56
Picture speaks for it.
