Shorting LMND might just pay for the policy I'll eventually get from them. I love the idea of this company, but another 7% drop is coming imo. Trade on your own research!
First, let's talk about technicals. Tbh, not much support or resistance to be found since they just ipo recently. However, its a downward pennant, it might crack support go down to 48. Or bounce off and break resistance. I hope it breaks downwards so that i can buy and hold more. Why?
Fundamentals. This could possibly be the company that revolutionize one of the...
I really like this setup with pricing confirmation that price is at the bottom trend line and at the same time it found support at around 61.04. My next target is 69.19 and the stock heading back up to 76.30 to fill the gap. Looking very good as a good entry point.
Over the past 2 days, the descending triangle confirmed for me a reversal from the downtrend and if stock moves above 67.56 would confirm for me a bullish reversal. If this does happen, there is a gap in the 76.30 level where the stock will be trying to head towards that target over the next month or more. The MACD looks very positive in the short term which...
I think it stays below the $77 area and continues down to the low 50's. I think 3 Bil market cap is about right for this company now. Roughly $50/share.
July 24th we see it break the support line and make lower lows and highs.
From July 27th to August 3rd: we see selloffs bringing the stock down 5% every day with reducing the company's market cap by 1 billion dollars.
With yesterday and today trading, we see a reversal with a break of the downward trend channel
With earnings coming and up it may be a driving...
If you have experience, this stock will sink until it finds its bottom. Get out to cut loss if you just got in... nth worth to leverage with. But this will be an interesting stock after if finds it's bottom.
#trendismyboyfriend
#tradewithstrategy
#noFOMO
#analysisfun
Lemonade has been ricocheting off this clean bullish pennant since IPO. It's bound to break, and the question is: up or down? Traditionally up would be the play due to the strong uptrend pre pennant, but without proper data it is hard to say. Sentiment is strong for this innovator and financials paint a hopeful picture for the future. I'm keen to see a swift bull...
Here’s a Thought! 7 July, 2020, by Vladimir Rojankovski, Chief Analyst, Grand Capital
Shares of IPO Lemonade had a second strong day of trading Monday gaining almost 17% following the internet insurance broker’s launch last Wednesday. At some point Lemonade shares touched an intraday high of $96.50 but since then rolled back to $81.20. On its first trading day...
IPO intraday trading strategy idea
Lemonade is an American property and casualty insurance company offering renters and home insurance policies for homes, apartments, co-ops, and condos.
The share price is rising and gonna continue this trend today.
The demand for shares of the company still looks higher than the supply.
These and other conditions can cause a...
