LYFT Gearing up for a Massive Upside Move?

16 Kas 2021

Lyft has been consolidating in this descending triangle for what is coming up on a year now, and I believe the catalyst for a breakout is quickly approaching. Since going public, LYFT has never posted a positive EPS an any earnings report, but that changed last quarter when they posted their first ever positive EPS. Stock price soared in the following week, jumping 26% in only 8 DAYS, without breaking out of structure. The Q421 earnings report date coincides nearly perfectly with the end of its prevailing wedge structure, which I believe will push price action up to at least old resistance (55% move) but also perhaps to ATH at around $88, which would represent an 80% move in stock price.