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Archive for the ‘LYFT’ Category

April 17th, 2019: LYFT 5-min/15-min Chart Update

Posted by pugsma on April 17, 2019

1:30 pm EST:  Another very-short term (day or two) set-up in LYFT with a potential double bottom at 55.56 and 55.62.   The double bottom target is 60.32 with the break above 57.94.  If this double bottom pattern plays out, then there could be a potential bullish IHS pattern set-up with a target of 66.44.

LYFT 5-min chart:

LYFT Technical Analysis

LYFT 15-min chart:

LYFT Technical Analysis

 

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April 11th, 2019: LYFT 15-min Chart

Posted by pugsma on April 11, 2019

1:05 pm EST:  Here’s another short-term (few days to a week) look at LYFT price action.  The bullish IHS pattern that was identified off the initial 66.10 low (following a 16 point drop) played out as a 10 point (+15%) move up to 76.10.   Now at the 59.75 low, there was another 16 point drop that has the potential to move up another 10 points to 69.75 and the upper (purple) trendline and 70.36 to 69.50 gap area.  A break below 59.75, negates this potential bullish short-term pattern.

LYFT 15-min chart:

LYFT Technical Analysis

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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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