LY0 trade ideas
$LYFT Tight coiled daily Needs 64.60 to confirm On watch for a potential move to 70 Will be going over this in detail this morning in the live feed room
LYFT Perfect Long SetupThere will be fomo on this, and the calls will also be fomoed.
- Nice organic inverse head and shoulders
- Consolidation above neckline in a bull pennant/ ascending triangle
The targets are above, I believe it will go to 70.50 and correct to 68. After that I will evaluate.
This is a beautiful setup!
Stock Pick for Position Traders: $LYFT$LYFT just broke out from its immediate resistance level. Needs to stay above 64 level for breakout confirmation.
LYFT INC - Sometimes the crazy ones get lucky. Will it do 123% ?Risk Reward : 11.62
Stop loss : 54.68 ( -10% stop loss very very high risk )
Target : 136.47
Take profits at red boxes.
Long term EOY
Lyft - Inverse Head and Shoulders?I've opened a Diagonal Spread going into earnings on this. It appears to be hovering around support / resistance of $55.
Lyft at upward trend line, looking bullish toward top of channelLyft is in the middle of its upward-sloping channel, and this week it's been following an even steeper upward trend line toward the top of the channel. Right now it's at the trend line, looking bullish for late today and tomorrow.
Lyft breaking important resistance (intraday)If LYFT can stay today above the $63. I would expect it to go higher.
If the candlestick today has a wick on its top (breaking through this $63). I see potentially heavy winds for the stock.
LYFT Inverse H&S bullish breakoutPattern: Bullish breakout of inverse Head and Shoulders
Edge: No outside edge since this stock just IPO'd a few weeks ago. We are just trading the pattern.
Risk Management: Bought at $62.92. Stop below $58.52 (below the 20 day moving average). PT1 is $73, PT2 is $78 (gap fill), then open target for the remainder of the shares.
LYFT Mark UpHere's a mark up for Lyft. These would be the areas of interest that I would track. I'm always neutral, but I would be looking for a short opportunity.
LYFT Inverse Head and Shoulders 66 test could come today or 2morLYFT Inverse Head and Shoulders 66 test could come today or 2mor
$LYFT 63 break area of interest Seems to have washed out for nowNice consolidated pattern here needs a bump over 63
LYFT Inverse H&S $75 6/21 PTThe Right shoulder is formed now on this pattern and it has room to run especially if the market runs as well.
The $LYFT Lift... FinallyI’m just firing a few off here.. I love LYFT, DOCU, and STNE (Warren Buffett’s crypto baby)
LYFT PERFECT short right on line UpdateLYFT PERFECT short right on line Update. INverse head and Shoulders idea
