LYFT INC. Technical Analysis: Weekly Chart
In the weekly charts, LYFT INC. is trading in a down channel.
It is trading below all SMA.
The immediate support is 34.57 & the resistance level is at 41.36.
LYFT INC. is trading in the down channel until there is a trend reversal.
LYFT INC. Technical Analysis: Daily Chart
In the daily charts, LYFT INC. was trading in a down channel.
It is trading above 20 days SMA & below 50 and 100 days SMA.
The immediate support is 36.58 & the resistance level is 39.35.
LYFT INC. was trading in the down channel before the breakout upside.
How to Trade LYFT INC. this Week:
LYFT INC. will follow the downtrend until their trend reversal. So, remain bearish on LYFT INC.
TRADE SUGGESTION- SELL AT 38.62, TAKE PROFIT AT 36.58 AND STOP LOSS AT 39.35
