LY0 trade ideas
LYFT - Channel play Here are your entry's for LYFT - breakout or another breakdown. The last channel of 66-75 didn't hold, so lets see if it doesn't again.
LYFT -- If you missed the short, couple places to reloadLYFT
Continuing with my previous plan (The GAP), this stock is still going to make attempts at $50.
Here are some places where I am looking for a reload of either a shorter term play and/or more of a positional play, IF, the move doesn't just continue down to the original target LO of $50.
As much as I do not follow text book setups, sometimes they do match up my current thought process/strategy and this is one of those times...keeping it simple and staying patient.
LYFT IPO TRADESince Lyft went public it has had a straight up beating to its price. Still looking for lower prices. Looking for a retest of 67$ and then targeting the 45$ price level which would mean a 50% decrease of its initial price at offering.
Hammer on LYFTHammer on LYFT
If it still has hammer formation by EOD, good to enter. SL would be a candle close below 59.8
What can FB IPO teach you about LYFT IPOAnyone remember FB IPO? Just look at LYFT, both are classic pump and dump IPO's. So far they are like mirror images of each other and so could expect .
Before buying LYFT consider that FB only started basing after it finally started had a positive earnings report and a breakout above the 200sma.
LYFT. Price GAP to watchout for Profitable tradesAs we all know that LYFT IPO fell below the IPO price and is currently in the phase of forming supports for the longterm. As shown in the chart there is a major gap in the price which could be filled in near future.
LYFT - hypeioNot trading this one, but LYFT IPO recalls memories of Facebook going public. Same huge hype, multiple times oversubscription, retail traders jumping in on first day of trading and then getting f*****d.
I have a suspicion Lyft will go even lover from this $60 level. Good luck.
LYFT (It is about to get lifted soon)Updated View On LYFT (5 Apr 2019)
Back Ground: Lyft shakeout is nothing but an attempt of the traders who didn't get it at IPO price and they want it cheap. So, we shall see the rise to continue.
$1,300 to $1,310 region shall be acted as strong resistant too. Further bullishness movement will come in only after break out that 1300-1310 region strongly. So watch that region closely.
Target(s): UP $77.78 (TP1)
SHTF: It will use $65 as strong support.
DYODD, all the best and read the disclaimer too.
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$LYFT - daily chart & trading analysis$LYFT - has been an awesome ticker to day trade the last week since its IPO on the 29th. Hit the short side the first couple days and nailed the red to green on day 4. Tickers like these that are moving irrelevant to the market conditions have had the most luck in follow through. Today we had another nice selling off action, with an ORB short setup at the open, along with nice follow throughs on the bear flags.
Easy trades are coming to an end with it trading in its range now. Waiting for a break of consolidation of either highs or lows for some more movement. $LYFT has also put the pressure on Uber to pick up their socks and continue their expansion to other regions (India & Asia), will be interesting to see how these two big dogs go head to head over this year.
Earnings season is approaching next week. For me, this signifies the market will be a little stale this week and have less follow through / momo names on our scans that previous weeks & months. Nonetheless, just taking smarter & cleaner setups, dialed down risk a bit as well as amount of day trades taken daily. Going to be looking to get hungry and aggressive next week for the remainder of the month.
Have a great day!
LYFT - $65 and the GAP Continuing with the IPO week for LYFT, here are a couple of new scenarios that may play out ...
Its my belief based on the chart / price action, that this recent LO will determine what happens at the GAP, should price reach it:
Either:
A. The current LO is in place, then a revisit to the GAP (and fill) may show as a pivotal resistance point, temporarily. And then make a valid attempt at the IPO day HI.
Or
B. A new LO ($65 or less) would have the GAP play out (if it tests it) as resistance, before seeing declines to prices of $60 and $50.
LYFT Chart Pattern NASDAQ:LYFT
If lyft can break the trendline, it may see lower prices. Keep in mind this is super crowded with mainstream media coverage so keep that in mind for a potential squeeze if short. Have your stops in place for protection
The problem with LYFT, UBER, AirBnB & SlackTodays IPO for LYFT was rather successful, suggesting that UBER could possibly top the $100bn mark. However, its too easy to get caught up in the noise, an IPO is an exit strategy!
