Long Lyft
Today lyft announced the reconstituting plan (nytimes.com/2020/01/29/technology/lyft-layoffs-restructuring.html) which drives the price down. Personally I think this is positive news rather than negative news since they are working hard toward profitability. The resistance is around $49-50 area I plan to scale in some soon and buy more if we break this resistance, the stop can be around $40-42. The target should be at least $70. If lyft can show consistent results in one or two quarters towards profitability, there will be more upside. Their current revenue growth rate of 60% with just 2x sale valuation provides good risk/reward for this investment.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.