Analysis: #NASDAQ $LYFT
Case 442 #Lyft Inc.
DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.
#LYFT 1/5
Chart 1
Weekly Chart: The price has been trending lower since its debut, #momentum is very negative and multiple resistances are seen all the way up, beginning with the Mar. 2019 #trendline at 33.47. Further up 41.35- 42.84 (#Fib. 0.382) with a close .....
LYFT 2/5
..... above 51.09 running into heavy #resistance between 53.90- 52.74. A close above the latter will be long term #bullish and will see price creep up towards 66.62- 67.45. To the downside, the .....
LYFT 3/5
..... Mar. 2020 #pivot at 26.85 looks flimsy with a break below targeting 22.00 with some buy orders seen at 19.76-18.55.
LYFT 4/5
Chart 2
Daily Chart: Conditions are tricky with the strong possibility of seeing new all time lows.
The #Strategy is printed on the image.
$LYFT 5/5
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