LYFT before Earnings

9 oct. 2019

This stock is an obvious short at this point. Can't expect good news on earnings release, but beware shorting this stock for one good reason. At these levels the company is an obvious buyout target, which would catapult it towards $50-65 at once. Unusual high volume spikes throughout the years can be detected (with little stock movement), which could indicate 3rd-party interest. But regardless of that, technically the stock is poised to touch down at the lower channel trend line. I like the company, but I don't like their stock.

(analysis posted per request)

23 oct. 2019

Note

I admit when I'm wrong, I rushed this one without 'averaging' the trend lines. Apologies for delivering a miscalculated analysis. Will post a corrected version asap.