LY0 trade ideas
LYFT 1h CHARTLYFT appears to be flagging - channel down after ATH rejection. Seems to be reclaiming 21, looking to enter on a possible breakout.
WE NEED MORE VOLUME FOR THIS TO BREAKOUT.
Possible short-term downside around $58-59.
EMA 9: $62.18
EMA 21: $62.70
EMA 50: $62.92
EMA 200: 62.81
CLOSED EXACTLY AT VWAP @ $61.87
$LYFT Hammer @ SupportLots of trader's eyes on this one. Both weekly support and 50 MA conversing with the stock putting in a hammer candle stick on Friday. Short term momentum pressure still leaning bearish. But if a bounce is going to happen, it should happen around this area/level. Worth keeping an eye on.
Lyft Inc Cl A (LYFT)- OPERATES A PEER-TO-PEER MARKETPLACE FOR ON-DEMAND RIDESHARING IN THE UNITED STATES AND CANADA.
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