Hello Everyone, Followers,

Happy Sunday to all. This week in my filter i found only one stock that could be interesting coming weeks , let's drill down.

Lyft (LYFT) is showing one of my favorite technical sequences:

Breakout → Retest → Continuation.

After spending months below its long-term descending trendline, LYFT finally broke through that structure. Instead of immediately running higher, price came back, retested the breakout area, found buyers and pushed higher again.

Now LYFT has also moved above the previous short-term high and is trading around $17.46.

The question becomes: what is next?

📊 Technical Overview
The chart currently shows:

• Long-term descending trendline broken
• Successful retest of the breakout area
• Higher-low structure developing
• Previous swing high now being cleared
• Price above the $16.18 Fib 0.236 level
• Short-term moving averages turning upward
• MACD bullish and gaining momentum
• Buying volume increased on the latest move

For me, the successful retest is particularly important.

A breakout alone can fail. A breakout followed by a successful retest and another push higher gives the setup much better technical confirmation.

🔹 Key Levels
🎯 Resistance
$18.00–18.46 → Immediate resistance / Fib 0.382
$20.31 → Fib 0.50
$22.16 → Fib 0.618
$24.79 → Major upside target / Fib 0.786

🟢 Support
$16.18 → Fib 0.236 / First important support
$15.50–16.00 → Previous breakout & retest zone
$14.50–15.00 → Stronger structural support

🔮Outlook
The structure has clearly improved, but LYFT is now approaching another important test.

The $18.00–18.46 area could determine whether this becomes a larger trend reversal rather than simply a short-term breakout.

A convincing move through this area would open considerably more room on the chart.

🎯 What I Expect
🟢 Bullish Scenario
Hold above $16.18
Previous breakout remains confirmed
Break through $18.00–18.46
Momentum continues toward $20.31
If strength persists, $22.16 becomes the next major target which is over %25 gain.

🔄 Alternative Scenario
A straight move higher is never guaranteed.

LYFT could:
Get rejected around $18–18.50
Pull back toward $16.20–16.50
Retest the breakout structure once again
Find buyers before attempting another move higher

As long as the breakout zone holds, I would still consider the broader structure constructive.

💡 My Take
This chart has developed exactly the kind of progression I like to see:

Downtrend → Breakout → Retest → Higher Low → Previous High Breakout.

Now comes the next confirmation.

I will be watching $18.46 very closely. If LYFT can break and hold above that area, the chart starts opening toward $20.31 and potentially $22.16.

After months of consolidation, LYFT may finally be trying to establish a new trend.

Definitely on my watchlist. 👀

If you enjoy and like clean, simple analysis — follow me for more.

This is just my thinking and it is not invesment suggestion , please do not make any decision with my anaylsis.

Have a green trade week to all
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