LYFT, 3D Daily Breakout Confirms Potential Mid-Term Reversal

1 mag

On the 3-day chart of Lyft, price action is developing within a potential mid-term reversal structure. The key trigger was the breakout of the descending trendline on the daily timeframe, signaling a shift in momentum after an extended downtrend.

The asset bounced from the long-term ascending support zone around $9.66, and the structure now points to a possible expansion toward key Fibonacci retracement levels:
Upside targets based on Fibo levels:
– $14.36 (0.5)
– $15.47 (0.618)
– $17.05 (0.786)
– Extended: $24.88 (1.618)

Technical Highlights:

– Breakout confirmed on daily chart trendline
– 3D chart shows tightening triangle pattern
– Stochastic momentum turning bullish from oversold levels
– Volume profile supports accumulation, not distribution
– Resistance zone: $14.30–$17.00
– Holding above the breakout trendline keeps the bullish setup valid

Fundamental Context:

Lyft is restructuring operations, with narrowed losses, improved efficiency, and customer retention focus. The company is regaining share in the ride-hailing segment, and investors are beginning to price in operational stabilization. The improving sentiment is reflected in growing institutional interest and mid-term positioning.

This is a potential mid-term bullish scenario, activated by the daily breakout and confirmed if price holds above the trendline. A push above $15.50–$17.00 could unlock the full target at $24.88. As long as structure holds, this remains a strong trend reversal setup.

13 mag

Trade chiuso: obiettivo raggiunto

target reached
$14.36 — fib 0.5
$15.47 — fib 0.618
$17.05 — fib 0.786