Lemonade heads to earnings LONG
Updated
LMND has upcoming earnings. On the 15 minute chart, price has gained 12% in the past two
weeks. Typically, LMND beats estimates and experiences a surge from the earnings report.
The chart shows a good trend up albeit with corrections along the way where the bears
attempt to take a stand. This is an ascending channel with price currently in the middle of
the channel's invisible histograms. The more shorts give up their positions and buy to cover, the
further they contribute to the large trend. I will take a long position here for about a month
through earnings. The potential profit that seems likely is well worth the risk on balance.
weeks. Typically, LMND beats estimates and experiences a surge from the earnings report.
The chart shows a good trend up albeit with corrections along the way where the bears
attempt to take a stand. This is an ascending channel with price currently in the middle of
the channel's invisible histograms. The more shorts give up their positions and buy to cover, the
further they contribute to the large trend. I will take a long position here for about a month
through earnings. The potential profit that seems likely is well worth the risk on balance.
Trade active
Lots of price action and volatility in the premarket to begin the trading weekTrade active
When life hands you lemons make lemonade. LMND is on fire heading into the finishing lap
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