LYFT HAS FORMED A CONTINUATION HEAD AND SHOULDERS PATTERN AS IT LYFTS OF ITS LOWS. PATTERN IS NEAR COMPLETION. I WILL BE WAITING FOR A CLOSE ABOVE THE 200 DAY MOVING AVERAGE FOR AN ENTRY POINT.
ENTRY $51.16 AREA ABOVE 200 DAY MOVING AVERAGE
TARGET $57.06
Kommentera
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Buy stop filled at $51.17 and a surge higher - LONG
BROKE OUT, BUY STOP HIT BUT THE CANDLE THE NEXT DAY WAS A HAMMER. GAPPED DOWN AND SOLD FOR A SMALL LOSS.
Toddtho78817400
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I see this as an ascending triangle with breakout art $50. Both bullish but I'd put the target around 66 if it breaks out. Both patterns should be determined with earnings this week.