TrendyTrades: Bullish LYFT AnalysisLooking for a close above 54.80. If we can close above, it can serve as confirmation.
PT.1: 58
PT.2: 60
LY0 trade ideas
LYFT: Potential shortUpsloping H&S pattern.
Weak rebound from neckline.
Possible area to start shorting at $58-$59.50
Target profit 1 area at neckline/ up trendline i.e around $52.50-$52
Target profit 2 area at next support around $48.50-$50
Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.
If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
LYFT - Ascending Channel or a Bearish Flag?LYFT is a very good software stock. From the technical perspective, the possibilities are very high for both of the scenarios "Ascending Channel" Or "Bearish Flag". Today after the market closes this company will release earnings. Seen that we are in a very strong bullish trend and the earnings of the company have been above expectations during the previous quarters the chances are very high for a bullish movement.
If the price will move down below $53.85 we may see the development of the bearish scenario.
Thank you and Good Luck!
LYFTThere are 2 options for an even more complex correction, which will continue and 1 option for growth, so we are waiting for a breakdown and consolidation of the blue level, if we are considering a long one. Short, respectively, at the breakdown of 0.618 fibo
Bull flag but I want to be short... Looking like its about to break out.
Still bearish but starting to second guess with this set up.
LYFT FlagLYFT has been consolidating between the 55-59 range, it is looking more and more bullish as it is now testing 59 for the 4th time. A breakout of this flag could drive price to the top of range around 63-64
Keep an eye on this pivot point! 👁 👍Lyft is doing a nice pullback right now, in the 30min chart. The 20 is pretty close, but since the BB are so spread open, I believe it’ll move sideways for some time.
The 60.26 is a pivot, and if Lyft breaks it, it’ll do something good.
The problem is the RSI in the 4h chart, showing a bearish divergence + false breakout from the top area at 59s. This is another indicator that Lyft is not ready yet, but it can be in the future. It is one of the stocks that are on my radar, but it is not doing anything impressive for now.
Let’s watch the pivot in the 30min chart closely!
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See you soon,
Melissa.
Double BottomI am a bit surprised this one is doing as well as it is, slowly but surely.
Double bottoms nd triple bottoms can show the bears that buyers, or bulls, will come to the rescue if a security reaches a certain price. It can also help bulls feel more secure. It is all about what you see, as we are not the only people who see the chart patterns (o:
No recommendation.
Today's candle is a doji which can represent indecision.
LYFT: Breakout Confirmed, 33.99% Potential Profit!Description: LYFT is trending higher and in an uptrend meaning that highs are getting higher and lows are getting higher. The uptrend line on the chart and the Trending Band Indicator (which measures trend) supports the Long Position.
Stats:
1. Ideal buy range: $50.7 - $54.2
2. Take profit: $69.58
3. Stop Loss: $48.24
4. Risk To Reward: 1 / 5
5. Accuracy Rating: 97%
LYFT coming strong at resistance Getting close to resistance, I've set some alerts on the trendline break. If we can get to 68 that would be great.
LYFT looking very strong after holding 58-59 support last weekLYFT looking very strong after holding 58-59 support last week. Would like to see consolidation under 65 to enter otherwise will watch that 68 area if we gap above tomorrow.
$LYFT 4HR Bull Flag$LYFT. Earnings May 4th and volume has been accumulating in Lyft as it tries to break out of its bull flag. Dips to $61.31-60.71 should provide bounce. this is looking like a beautiful setup as it approaches all time highs. Road to 72?
