LYFT EMA PullbackLYFT has bounced off support at the 46 level and ran up back to its 13 EMA, where today it has been rejected on a red candle. This looks like to reestablish more downside back to the 46 support
LYFT 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!
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%
