No fear, it's just a money trade with $LYFTI'm sure the price is going to hit the resistance $72 area, it's ~ 10% of profit if you buy today. Or if you have your enter target like I have ~ $62 we will do more than 15% profit.
Time Frame : 1D
Resistance ~ $72
Support:
~ Uptrend line
~ Support EMA lines
Enter: $63-61
Stop Loss ~ $58.5
TP 1 ~ $73
TP 2 ~ Maybe it will be pumped like TLRY or TSLA. So you can take a little risk to hold 3% in $LYFT
I have the REDDIT and TWITTER with the same name, if you wanna ask me or community, feel free to do that. Hit like, comment and follow for more profitable ideas.
LYFT trade ideas
LYFT Perfect Long SetupThere will be fomo on this, and the calls will also be fomoed.
- Nice organic inverse head and shoulders
- Consolidation above neckline in a bull pennant/ ascending triangle
The targets are above, I believe it will go to 70.50 and correct to 68. After that I will evaluate.
This is a beautiful setup!
LYFT Inverse H&S bullish breakoutPattern: Bullish breakout of inverse Head and Shoulders
Edge: No outside edge since this stock just IPO'd a few weeks ago. We are just trading the pattern.
Risk Management: Bought at $62.92. Stop below $58.52 (below the 20 day moving average). PT1 is $73, PT2 is $78 (gap fill), then open target for the remainder of the shares.