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Apr 3rd, 2019: LYFT 5-min Chart

Posted by pugsma on April 3, 2019

5:30 pm EST: A very short-term (few days), potential bullish Inverse Head and Shoulders (IHS) pattern has set-up on the LYFT 5-min chart.  A neckline has developed at the IPO price of $72.00, with head at 66.10, and a target of 77.90.   Also interesting is that a move up to 77.90 would fill the 78.02 to 75.00 gap from Monday and make a 50% Fibonacci retracement of the drop from the opening high of 88.60 to low at 66.10.

Note: The potential bullish IHS pattern would be confirmed on a move above the 72.00 neckline and would fail on a break below the head at 66.10..

LYFT 5-min chart:

LYFT Technical Analysis

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