Thread by @malteseinvest

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

Blog format.

threadreaderapp.com/thread/1297914…