Lemonade (LMND) When will the drop stop?
I'm really excited about the Lemonade company and believe they could provide a real upset in the outdated insurance industry.
The recent price drop seems to have caught people out - but to me seems like a normal retest, their rise has been fairly quick after all and this movement seems healthy for the stock. The Q4 earnings report had nothing sinister or overly negative and I'm bullish!
So when to enter? Well we could see a nice bounce here, if we see a rise as markets open today and then another bounce off the same level I'd be looking to enter. Equally we could continue to drop to the $100 mark and see a similar pattern, I'd be surprised if it dropped any further but the market is pretty volatile right now so caution is required.
This is not financial advice!
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The recent price drop seems to have caught people out - but to me seems like a normal retest, their rise has been fairly quick after all and this movement seems healthy for the stock. The Q4 earnings report had nothing sinister or overly negative and I'm bullish!
So when to enter? Well we could see a nice bounce here, if we see a rise as markets open today and then another bounce off the same level I'd be looking to enter. Equally we could continue to drop to the $100 mark and see a similar pattern, I'd be surprised if it dropped any further but the market is pretty volatile right now so caution is required.
This is not financial advice!
If you enjoyed this analysis please like and follow!
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