The technical summary data tells us to buy LYFT near 14.59 with an upside target of 17.29. This data also tells us to set a stop loss @ 14.55 to protect against excessive loss in case the stock begins to move against the trade. 14.59 is the first level of support below 16.15 , and by rule, any test of support is a buy signal. In this case, support 14.59 is being tested, a buy signal would exist.
The technical summary data is suggesting a short of LYFT as it gets near 17.29 with a downside target of 14.59. We should have a stop loss in place at 17.34though. 17.29 is the first level of resistance above 16.15, and by rule, any test of resistance is a short signal. In this case, if resistance 17.29 is being tested, a short signal would exist.
Swing Trading Plans for LYFT
If 16.51 begins to break higher, the technical summary data tells us to buy LYFT just slightly over 16.51, with an upside target of 17.29. The data also tells us to set a stop loss @ 16.46 in case the stock turns against the trade. 16.51 is the first level of resistance above 16.15, and by rule, any break above resistance is a buy signal. In this case, 16.51, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
The technical summary data is suggesting a short of LYFT if it tests 16.51 with a downside target of 15.8. We should have a stop loss in place at 16.56 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 16.51, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for LYFT
If 16.24 begins to break higher, the technical summary data tells us to buy LYFT just slightly over 16.24, with an upside target of 16.51. The data also tells us to set a stop loss @ 16.2 in case the stock turns against the trade. 16.24 is the first level of resistance above 16.15, and by rule, any break above resistance is a buy signal. In this case, 16.24, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
The technical summary data is suggesting a short of LYFT if it tests 16.24 with a downside target of 15.8. We should have a stop loss in place at 16.28 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 16.24, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
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With an objective approach to Lyft Inc. (NASDAQ: LYFT), Stock Traders Daily attempts to go with the flow of the market by utilizing a combination of market analysis and stock analysis.
Warning:
This is a static report, the data below was valid at the time of the publication, but support and resistance levels for LYFT change over time, so the report should be updated regularly. Real Time updates are provided to subscribers. Unlimited Real Time Reports.
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