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LYFT stock price is bullish; could break above the 50 and 100 EMAs.
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LYFT stock price rose by 8.90% in the last trading session.
LYFT stock price is gaining momentum and broke above the 20, 50, and 100 EMAs, indicating bullishness in the previous trading sessions. The chart also shows a spike of 8.20% in the last trading session.
The stock has tested the demand zone near $10 multiple times, finding support and bouncing back with a powerful marubozu candle. Buyers have regained their strength and are aiming for the $12.78 level in the next sessions.
The chart structure shows a volatile movement in the previous months, with the stock facing multiple rejections from the 200 EMA acting as a supply zone. The lower levels near $10 acted as a support region, and the stock bounced from there, making the price trade in a narrow range.
Furthermore, the stock’s trajectory shows that beyond $12, the zone is bullish, and a rally could be seen. But, if further re
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