$LYFT Flashes MVB Buy Signal – Is a Breakout Brewing?

By Lawrence G. McMillan

$LYFT has been a classic underperformer since its IPO, trending steadily lower for years. But recently, it gave bulls a reason to pay attention: a weekly MVB Buy signal.

While the long-term downtrend hasn’t fully reversed, there are signs of accumulation under the surface. On the weekly chart (above), you’ll see the recent MVB Buy signal suggesting the tide may be starting to shift.

Zooming in to the daily chart (below), the story gets even more interesting. Over the past year, LYFT has been quietly building a base, marked by a series of higher lows. This type of price action often precedes a breakout, especially when combined with signals like MVB.

A sustained close above $17.50 could be the technical trigger that confirms a bullish breakout. Until then, this setup is one to keep on the radar.

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