LMND Daily TF
Analysis
After a steep correction to 58 from ATH in January at 180s... Lmnd is looking primed for a downtrend breakout. The AI driven Insurance company has grown from homeowners & renters insurance to pet insurance and now planning to get into the auto mobile insurance which gives a good outlook for growth in the coming years. The stock price is currently trading under the 20 ema and experiencing quite a bit of price action between 80-100 range the past few months. So its possible we see some range buyers coming near 80 with ER approaching to give LMND a nice run up into next week. Looking to start a position if we can get a dip to 76-80 range or reclaim 90 and hold.
PT: 100+
Key levels
Support: 80.22, 76.09, 68.93
Resistance: 93.62, 99.93, 115.80, 137.10, ath
Ways to Play
1. Shares (short term trade/long term hold)
2. ATM/OTM long call option contracts (2 week+ exp/ 80-90cs)
Analysis
After a steep correction to 58 from ATH in January at 180s... Lmnd is looking primed for a downtrend breakout. The AI driven Insurance company has grown from homeowners & renters insurance to pet insurance and now planning to get into the auto mobile insurance which gives a good outlook for growth in the coming years. The stock price is currently trading under the 20 ema and experiencing quite a bit of price action between 80-100 range the past few months. So its possible we see some range buyers coming near 80 with ER approaching to give LMND a nice run up into next week. Looking to start a position if we can get a dip to 76-80 range or reclaim 90 and hold.
PT: 100+
Key levels
Support: 80.22, 76.09, 68.93
Resistance: 93.62, 99.93, 115.80, 137.10, ath
Ways to Play
1. Shares (short term trade/long term hold)
2. ATM/OTM long call option contracts (2 week+ exp/ 80-90cs)