The Long Investor
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$LYFT
🕑 Added 2025-04-02 19:35:06 +0000 UTC$LYFT is testing the 50 Day MA from below now which is just under the descending wedge breakout level at $13, so if this level can be flipped to support than the only barrier left is the 200 Day MA which is only slightly above that again at $13.40.
Therefore above this confluence at $13.40 and there is very little in the way of resistance back up to the blue line at $20.
I suggest waiting for a breakout and holding before considering a position, we must consider the delicate market conditions right now.
