LYFT INC WEEKLY TECHNICAL ANALYSIS – 21 MARCH 2022

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

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