Subscription: Stocks of US companies

LYFT - starting a new rally

I think LYFT has made a major bottom at 37.07 on October 10, 2019. I expect it to rally in impulsive fashion off that low. It has already made wave i up and now it is working on a corrective wave ii down. This spiky move up today looks like a perfect corrective subwave b up of wave ii down. If we get an impulsive decline in subwave c of wave ii down making a higher low over 37.07 that would be a good long entry.

LYFT - 90 min chart updated at 12-06 PM on 12-11-2019

Trading is risky. Read this important Disclaimer

Trading stocks, options, or futures carries a high level of risk, and may not be suitable for all investors. Before deciding to trade, you should carefully consider your objectives, financial situation, needs and level of experience. CastAway Trader LLC provides general overview of trading methods that does not take into account your objectives, financial situation or needs. The content of this website must not be construed as personal advice. The possibility exists that you could sustain a loss in excess of your deposited funds and therefore, you should not speculate with capital that you cannot afford to lose. You should be aware of all the risks associated with trading. You should seek advice from an independent financial advisor. Past performance is not necessarily indicative of future profits.

Previous Updates