0A91 trade ideas
LMND broke support Broke out of a falling wedge (Yellow lines) and started a uptrend. Got rejected a few times at 100ma before falling out uptrend channel. Sometimes on wedge breakouts there is a back test to break out area which is what I think will happen with lmnd. if it falls below 200ma at 91.69
RSI has already started to dive
OBV and Macd also
Ultimately , this stock has benefited from meme squeezing because of it's high short interest. LMND will need the meme really to continue
$LMND Cup W/O Handle Break-out?This idea was presented to me by my good friend @JohnMuchow here on TradingView and twitter. Looks like we have a cup w/o handle formation. The ideal here is that the handle forms on the pattern which will give a shake-out to the weaker hands and allow the stock to continue to march up. In absence of that I'd look for a close something over the $100.00 mark. I have an alert at $102.38. But as I've said I'd rather this form a handle. All TBD. I have marked up the chart with my thoughts. Ideas, not investing / trading advice.
LMND BUY/LONG INCOMING!! 90.00 to Potentially 214.00 by Mid 2022TICKER CODE: LMND
Company Name: LEMONADE, INC
Industry: US Stocks Finance Property/Casualty Insurance
Position Proposed: BUY
BUY ENTRY: NOT READY 90.00
1st Partial Take Profit: 143.00 (July - September 2021)
2nd Partial Take Profit: 214.00 (End 2021 - Mid 2022)
Stop Loss: 70
Technical Analysis
1. FALLING WEDGE PATTERN (COMPLETED)
2. BROKE OUT from wedge pattern
3. Head and shoulders (Partially completed)
4. Area of Confluence on EMA & structure level
6. Fibonacci Retracement at 0.786
6. Safest Take Profit will land equivalent to the resistance zone
7. 2nd Take Profit will land equivalent to the Flagpole length and level 1 of Fibonacci Expansion Grey Zone
LMND IHS potentialBetween the fibs 0.236 and 0.382 is a very strong resistance and support.
RSI has room to climb but I bet it bounces down at $100
Let's see where the resistance is encountered, but we could see some ranging before inverse head and shoulder is locked in and we see +$180 or even ATH
Good Luck
Has $LMND Finally Bottomed Out? After falling over 60% from ATH's, Lemonade shares have seen a strong bounce off of an important volume shelf. The MACD and Stochastic appear bullish, which indicates strong momentum. In addition, this bounce has brought $LMND to an important resistance level, which means that a break to that level could cause prices to surge. This is definitely a buyable dip, as Lemonade is a phenomenal company that could easily be worth $300 in a couple of years. Like and follow for more ideas like this :) Good Luck!
LMND weekly support LMND is one of the fast growing insurance companies with good technology.
Texas freeze and 1Q results that missed estimates hit the stock more than 25%.
The stock is on a weekly support level closing above 60 USD by End of week may be a good trade towards 72-75 Zone.
Stop loss closing below 60 by Friday 14-05-2021.
Let LMND Off The MatYou have no idea how hard it was for me to avoid buying LMND today. At just 1/3 of it's former high from a few months ago, this stock looks like a bargain, as the fundamental story remains intact. However, with multiples compressing, fcf machines crushing, and TLT getting smoked I'm extremely nervous to dip a toe here. I've settled for selling jun 4 $50 strike puts for 2%, but only for small size. Around 35-40 this becomes very very interesting.
LMND Downtrend Reversal Candlestick PatternLMND has been in a downtrending channel since March, so we are starting to identify some key Support and Resistance levels.
Recently we have bounced off support line with indicators such as increasing volume, and bullish candlesticks (bullish gravestone doji and hammer).
Target: 84.05
Stop loss: 78.31