Lemonade, Inc.Long
LMND Can this growth stock see ATH again?
LMND Daily TF
Analysis
After a steep correction to 58 from ATH in January at 180s... Lmnd is looking primed for a downtrend breakout. The AI driven Insurance company has grown from homeowners & renters insurance to pet insurance and now planning to get into the auto mobile insurance which gives a good outlook for growth in the coming years. The stock price is currently trading under the 20 ema and experiencing quite a bit of price action between 80-100 range the past few months. So its possible we see some range buyers coming near 80 with ER approaching to give LMND a nice run up into next week. Looking to start a position if we can get a dip to 76-80 range or reclaim 90 and hold.
PT: 100+
Key levels
Support: 80.22, 76.09, 68.93
Resistance: 93.62, 99.93, 115.80, 137.10, ath
Ways to Play
1. Shares (short term trade/long term hold)
2. ATM/OTM long call option contracts (2 week+ exp/ 80-90cs)
Analysis
After a steep correction to 58 from ATH in January at 180s... Lmnd is looking primed for a downtrend breakout. The AI driven Insurance company has grown from homeowners & renters insurance to pet insurance and now planning to get into the auto mobile insurance which gives a good outlook for growth in the coming years. The stock price is currently trading under the 20 ema and experiencing quite a bit of price action between 80-100 range the past few months. So its possible we see some range buyers coming near 80 with ER approaching to give LMND a nice run up into next week. Looking to start a position if we can get a dip to 76-80 range or reclaim 90 and hold.
PT: 100+
Key levels
Support: 80.22, 76.09, 68.93
Resistance: 93.62, 99.93, 115.80, 137.10, ath
Ways to Play
1. Shares (short term trade/long term hold)
2. ATM/OTM long call option contracts (2 week+ exp/ 80-90cs)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.