Hello fellow traders and investors, here's another trade idea.
LMND has recently pulled back to the support area, if LMND makes a recovery to the take profit area it offers around an 85% ROI.
Technicals:
The Macd indicates that it's oversold
The EMA's are in a downtrend
The RSI is oversold
When To Buy:
When EMA's crossover
When To Sell:
I recommend selling at its previous high offering around a 85% ROI.
Fundamentals: Lemonade, Inc. is an insurance holding company, which engages in the provision of home and renters insurance services. The firm also acts as an insurance agent that offers underwriting and claims services through its subsidiary. LMND has a P/S of 70.5 which indicates that LMND's valuation is overpriced, of course, they have a debt/equity of 0 since they are an insurance company, sales growth of -70% Q/Q, Earnings per share growth of 76% Q/Q and finally an ROI of -22%. Fundamentals aren't great except for the 0 debt/equity they have and the EPS growth Q/Q.
Rating: 85/100 the technicals are very good however the fundamentals aren't great however LMND is so oversold that I personally can't see it going lower then 80$ since it's already insanely oversold.
NOTE: I already own some shares since it is way oversold and I believe it will recover to the 160 to the 175$ range.
I hope you enjoyed this quick analysis and many more to come.
If you enjoyed leave a like, follow, comment your thoughts and share this trade idea.
Thanks.
LMND has recently pulled back to the support area, if LMND makes a recovery to the take profit area it offers around an 85% ROI.
Technicals:
The Macd indicates that it's oversold
The EMA's are in a downtrend
The RSI is oversold
When To Buy:
When EMA's crossover
When To Sell:
I recommend selling at its previous high offering around a 85% ROI.
Fundamentals: Lemonade, Inc. is an insurance holding company, which engages in the provision of home and renters insurance services. The firm also acts as an insurance agent that offers underwriting and claims services through its subsidiary. LMND has a P/S of 70.5 which indicates that LMND's valuation is overpriced, of course, they have a debt/equity of 0 since they are an insurance company, sales growth of -70% Q/Q, Earnings per share growth of 76% Q/Q and finally an ROI of -22%. Fundamentals aren't great except for the 0 debt/equity they have and the EPS growth Q/Q.
Rating: 85/100 the technicals are very good however the fundamentals aren't great however LMND is so oversold that I personally can't see it going lower then 80$ since it's already insanely oversold.
NOTE: I already own some shares since it is way oversold and I believe it will recover to the 160 to the 175$ range.
I hope you enjoyed this quick analysis and many more to come.
If you enjoyed leave a like, follow, comment your thoughts and share this trade idea.
Thanks.
