Where do you go from here? Fib circles say we might get a nice curl up to the 16.00 range. I don't live in a area where ride sharing is a popular means of travel so I don't know what this company is doing right / wrong. Id like to dig into to LYFT and see if they are making any changes to increase use, and ultimately increasing the stock price. Love to colab...
DAILY chart suggests a clear shifting price movement.. on Weekly, a divergence line is also happening. Spotted at 9.27 Initial target is 15.00 SL at 8 TAYOR.
According to the Internet, Lyft is down some 30% post-market following an earnings call that says the company slightly beat revenue and active rider targets, but reduced guidance for Q1 '23 by roughly 10%. Q1 spending and travel being down under the conditions of a) post-Christmas and b) in an economy where credit card debt and credit card rates are climbing high...
Please see the chart and what we learn today as it broke the trend line yesterday with bearish candle and today again with bearish candle , this clearly indicates that after market news might be bearish and it revenue didn’t came as expected and stock down all the way to 11$ range . Please share the idea if you like the analysis.
Another big talking point of the day is the LYFT move. As usual, when a trade becomes a popular topic of conversation, I like to see if we're into one of the big fib levels for a fade. This move is right into the 76. May be a low. Tight stops. We should make a clean low if this is working.
After news came out about their new initiative to give people on the way to a job interview a free ride, my eyes have been on LYFT. I immediately took note of their fundamentals.. whew! In its history, its only missed earnings twice! In my opinion, LYFT has longevity potential! With earnings coming up next Thursday, I love the position this stock is sitting in...
Support has developed, if the price breaks above $12.05 we could see a rise to $15.6 or possibly $20
Check my previous post about Lyft. Price is getting tighter in the falling wedge and at the same time we have a bullish divergence. Looks like it wants to erupt like a volcano.
Top chart weekly, bottom chart monthly. See the pattern? The monthly timeframe shows the price has been trading in oversold territory for 5 months, last time that happened the price blew up. I'm opening a small long position on Monday if a see the price trying to break the resistance I'll add.
LFYT potential to see a break out and ride back to the massive gap down. Currently trading under COVID LOWS
This trade could be risky for short term trading as the price is still making lows. However, if you are looking to hold for 3-4 months, then a small entry here can be beneficial. Today I added like 2.5% of my portfolio. Let's see.
I'm feeling like we are ending a diagonal wave and the latest wave formation is a flat (3,3,5). Thus I'm seeing if something like this could play out but we'll see what happens. So pop up to finish wave B, then 5 fractals down. Thoughts, anyone? *Not financial advice, just my ideas.
At a commenter's request: Lyft has some interesting patterns. It's currently in a bearish channel established at its inception. Given the state of the economy, I wonder if someone isn't accumulating it while they wait for things to "get back to normal." Drag it down, get it cheap, then wait for it come roaring back.
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Ridesharing company Lyft has tried to hold a price range since the spring. Now, after a couple of fleeting bounces, a bearish continuation pattern could be materializing. Notice the high on August 8 near $20, followed by a pullback to $13.75. LYFT then bounced but couldn’t get above $19. That high and lower high have produced a descending triangle -- a...
Waiting for better times for a long-term entry. Sub-35 is my desired price level to kick off the strategic accumulation of the stock. Credible alternative to UBER.
LYFT Inc Intraday - We look to Buy at 12.19 (stop at 8.59) Daily signals for sentiment are at oversold extremes. Prices expected to stall near trend line support. We expect a reversal in this move. Dip buying offers good risk/reward. A higher correction is expected. Our profit targets will be 22.86 and 29.00 Resistance: 23.00 / 45.00 / 66.00 Support: 12.00...