LTFT breaks out over lower VWAP bands LONG
LYFT on a 15 minute chart hit a high pivot about 3/20 and then fell until April 4 where a low
pivot reversal occurred. VWAP lines and a volume profile serve to support a bullish bias.
LYFT will likely rise to the Fibonacci level on the chart confluent with the mean anchored VWAP
or the zone of 19.25. If there is enough momentum passing through that high volume, liquidity
and volatility zone it could continue and push into the 20 level. I will take a long trade here
also noting the TSLA news regarding RoboTaxi has potential relevance. It is not beyond the
realm of possibilities that a partnership between TSLA and LYFT and or UBER comes on the
scene. This would provide a further catalyst of fundamental support for LTST's market cap.
pivot reversal occurred. VWAP lines and a volume profile serve to support a bullish bias.
LYFT will likely rise to the Fibonacci level on the chart confluent with the mean anchored VWAP
or the zone of 19.25. If there is enough momentum passing through that high volume, liquidity
and volatility zone it could continue and push into the 20 level. I will take a long trade here
also noting the TSLA news regarding RoboTaxi has potential relevance. It is not beyond the
realm of possibilities that a partnership between TSLA and LYFT and or UBER comes on the
scene. This would provide a further catalyst of fundamental support for LTST's market cap.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.