LYFT - Ascending Channel or a Bearish Flag?

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Lyft, Inc. (NASDAQ:LYFT)

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NASDAQ:LYFT Lyft, Inc.

LYFT is a very good software stock. From the technical perspective, the possibilities are very high for both of the scenarios "Ascending Channel" Or "Bearish Flag". Today after the market closes this company will release earnings. Seen that we are in a very strong bullish trend and the earnings of the company have been above expectations during the previous quarters the chances are very high for a bullish movement.

If the price will move down below $53.85 we may see the development of the bearish scenario.

Thank you and Good Luck!

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