The Long Investor
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$LYFT - WATCHLIST -
🕑 Added 2025-03-03 13:14:54 +0000 UTCGetting very tight in the wedge now and has been holding on the 0.618 Fib at $12.80 since the start of December now, which is the standard pull back level we always look for support for Wave 2.
So a break above the 0.5 Fib and the wedge top line at $14, would mean a break above the 50 and 200 Day MA's and a reversal signal, which is how I see this playing out.
A break below the wedge at $12 would put pressure on the structure but I believe the bulls can break this to the upside and the next target is the blue line at $20.70.
