I admit when I'm wrong, in this case my previous chart was rushed to completion without averaging the trend-lines, my apologies.
All lines and connections have been averaged on the 'weekly' and 'daily' with step-line over log. When a stock is young, it is common to start measuring once the b-bands start forming. In this case I disregarded any performance prior to the end of April. The stock has an overall healthy-looking performance throughout. It will now push-off the 50MA as it overshot the upper b-band line (towards the 20MA). from those levels the stock can be re-labeled neutral-to-bullish.
All lines and connections have been averaged on the 'weekly' and 'daily' with step-line over log. When a stock is young, it is common to start measuring once the b-bands start forming. In this case I disregarded any performance prior to the end of April. The stock has an overall healthy-looking performance throughout. It will now push-off the 50MA as it overshot the upper b-band line (towards the 20MA). from those levels the stock can be re-labeled neutral-to-bullish.
Commentaire:
It's always difficult to make precise calculations with young stocks, and in this case it performed a bit further along the 50MA, in a few days we'll know if LYFT want's to retest 38 or continue straight up.
Trade fermée: cible de profit atteinte:
target reached (close enough), next target 55.
