Lyft ( NASDAQ:LYFT ) sent shockwaves through the trading floor with a monumental error in its earnings forecast, triggering a rollercoaster ride for investors. The company's stock skyrocketed an impressive 16% in premarket trading, only to reveal a stark correction that left analysts and traders alike reeling.
The drama unfolded when Lyft ( NASDAQ:LYFT )...
Last request, LYFT.
Based on HA candles, it has not finished its short retracement yet:
TP in yellow.
Watch for the threshold break and pay attention to the HA target price as well, as it can act as support.
Safe trades!
NASDAQ:LYFT
Looks like Lyft at -2.2PE and 3.32 market cap is really undervalued.
If this company survives the upcoming recession, then it is going to return massive gains.
Huge gaps, it follows technicals and imagining the future of self driving cars around 2026, this stock looks very attractive.(only if they embrace.)
DCA is best option, leaps are also best...
I like how the support held during the sell off last week. Start with a small position, it may take a few days to consolidate before going higher. Also it can pull back during consolidation.
SL below the right shoulder, wait for the weekly candle to close. Calls options are not expensive and always a good option with high volatility stocks like this one. But give...
LYFT Inc - 30d expiry - We look to Sell at 11.99 (stop at 12.91)
Trading within a Bearish Channel formation.
The sequence for trading is lower lows and highs.
The primary trend remains bearish.
Preferred trade is to sell into rallies.
The trend of lower highs is located at 12.00.
Our profit targets will be 9.81 and 9.41
Resistance: 11.53 / 12.00 /...
LYFT Inc - 30d expiry - We look to Sell at 12.35 (stop at 13.25)
The primary trend remains bearish.
Trading has been mixed and volatile.
This stock has seen poor sales growth.
The trend of lower highs is located at 12.40.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
Our profit targets will be 10.15 and 9.65
Resistance:...
Hi guys! Welcome to an analysis on macro developments of Lyft (LYFT). With the markets doing what they've been doing this year, we have to ask, " Will the % gains come to stocks that are still many many % down from their tops"? Or are some stocks just doomed to fizzle out and take time to re-build/ grow?
Well, if we are in a Bull market, which i personally think...
Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 10.8/61.80%
Chart time frame : B
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : A
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
Stocks rise as they rise from support and fall from resistance....
Taking a look at LYFT, it seems like it’s following a channel that kicked off from the year’s low. This could be setting the stage for a potential gap fill around $16 over the next couple of months. If you’re considering getting in on this, remember to play it safe with a tight stop-loss!
is LYFT ready to fill the gap?
price action indicate consolidation above resistance
with the right catalyst price could go a lot higher
targets on chart
Bullish divergence on the annual time frame, that spans across a 2 year period.
Stochastic indicating the market is over sold on the annual time frame and that bulls are re entering the market.
RSI indicating market exhaustion to the downside and bulls returning to the market,
LYFT market dominance in the self driving/ ride sharing app is growing. Also with...
22nd April 2023
Resistance - $11.50/$13/ HKEX:16
Support - $9.50
Layoff bring positive sentiment.
However earning next week will be important to see how much benefit does it bring to the saving of cost for lyft with 2 round of layoff previously
