LYFT LYFT OFF Fundamentals :
-Unprofitable ride sharing company that got beaten in stock so bad that it's good (for buyers. Why do I say this? When there's so much FUD and stock prices get beaten so bad, weak hands are out and only true believers remain holding the bag. When an uptrend occurs , these believers don't sell hence it only goes up and up)
-Earnings actually showed improvement this time
-A lot of the price decline was due to constant fud + law suits of contractors vs employee - the win which was awarded to lyft = price growth
Technicals:
Trend Analysis:
-Clear upwards trend on weekly. Reversed to Lower highs and higher highs.
-200 Daily SMA GOLDEN cross with 50 SMA
-20/50 Weekly SMA about to have a golden (most definitely will)
- Tom Demarks weekly continuation
- Breaking above parallel lines
- RSI MACD positive
Are you gonna let it LYFT off with? or without you?
