$LYFT like Aston Martin is getting very tight in its wedge now and close to the breakout level, which is at $12.70 right now.
This wedge has formed over 4 years now and $LYFT is also on the cusp of turning a profit
What intrigues me so much about $LYFT is that they are clearly an attractive company for $TSLA or $GOOG to buy to integrate into their Robotaxi ambitions.
With a market cap of only $4.7 Billion, it is far more attractive than $UBER to buy.
A breakout and the next test is at the 200 Day MA at $15 and then the blue line at $21.
Shailesh Patel
2024-09-11 19:46:18 +0000 UTC