Fundamentals : -Unprofitable ride sharing company that got beaten in stock so bad that it's good (for buyers. Why do I say this? When there's so much FUD and stock prices get beaten so bad, weak hands are out and only true believers remain holding the bag. When an uptrend occurs , these believers don't sell hence it only goes up and up) -Earnings actually showed improvement this time -A lot of the price decline was due to constant fud + law suits of contractors vs employee - the win which was awarded to lyft = price growth
Technicals:
Trend Analysis: -Clear upwards trend on weekly. Reversed to Lower highs and higher highs. -200 Daily SMA GOLDEN cross with 50 SMA -20/50 Weekly SMA about to have a golden (most definitely will) - Tom Demarks weekly continuation - Breaking above parallel lines - RSI MACD positive
Are you gonna let it LYFT off with? or without you?
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