Lemonade Breakthrough
Updated
I think Lemonade is a great company and I like their leadership. Also, the chart is showing a chart pattern of a breakthrough scenario. This gives a nice risk/reward setup of 4 [Stop: 80 – 82,5; Goal 124]! But I plan to hold it longterm, unless something changes in the company.
That’s my opinion and should be treated like it. No trade advice!
That’s my opinion and should be treated like it. No trade advice!
Note
This looks like it will be a clean push through the “125” retracement! That's why I will not take any profit. Let’s see if it can reach the “180” retracement. Normally this trade should be closed!!! BUT I really like this company and I’m still thinking about making this a long-term investment instead of a trade. I will immediately give an update if something changes.
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