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
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 lemonade incLemonade Inc. offers renters' insurance, homeowners' insurance, and pet insurance policies in the United States as well as contents and liability policies in Germany, The Netherlands, and France. It is based in New York City.-Wikipedia
oversold on the weekly Stochastic RSI and about to have a Bullish Cross
Founded April 2015; 6 years ago
Revenue Increase $94 million (2020)
Net income Increase -$120 million (2020)
Total assets Increase $828 million (2020)
Total equity Increase $541 million (2020)
Market Cap 5.5B as of April 2021
LMND - @ lows and ConsolidatingLMND is at about a 50% discount from ATH price levels. It is currently at a strong support level. What I'm looking for here is a consolidation and confirmation of reversal before jumping in LONG... alternatively this is a great time to buy shares If you are long term bullish LMND
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will the drop stop?I'm really excited about the Lemonade company and believe they could provide a real upset in the outdated insurance industry.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 $100 mark and see a similar pattern, I'd be surprised if it dropped any further but the market is pretty volatile right now so caution is required.
This is not financial advice!
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Lemonade -price touched 189$ where we go next from here ?LMND Stock, I covered the fundamentals of the stock here:
The company deals with Artificial intelligence software to assess the client’s insurance price and even to assess compensation on claims with minimum human intervention.
The stock got covered by Motley Fool a lot in the last months and in an article on December 31st the article named “Lemonade Says It Now Has Over 1 Million Active users” the stock shot up from 111$ to 186$ - someone must be holding a lot of LMND in Motley Fool because that is the second time that their article made the stock jump, and they cover this stock nonstop 😊
LMND is definitely at the forefront of innovation and I believe will be a major player in the online insurance market in the near future! I signed up with them to check the process of the service and I got a full offer for insurance in less than 5 minutes along with a detailed explanation on the quoted price in my email …nice!
So let's focus on technicals:
-first impulse wave ended at 133$ and then accumulated (side trend) between 105 -133.
-second wave took the price all the way up to 187$.
-correction wave started on the 13th of January and so far bottomed down at 148$ ( 0.382 retracement level).
Once the price hits the new low -could be as low as 133 but as it seems it will not reach that low.
Then it will start the third wave – our first price target is 165$ there we will see some accumulation and a lot of convergence.
When the price finishes the accumulation, it will move up again and this will be our second price target at 187$ - previous ATH.
LMND is traded in a much higher market evaluation but in this market that means nothing, investors are looking at the future potential and not the current EPS.
We are very bullish on the stock and the company and we believe that even the 230$ price target is reachable by mid-2021.
Stay safe and Trade safe from the FDGT.
LMND bearish divergence on the dailyLMND is showing bearish divergence between RSI and price on the daily chart. MACD is starting to curl down, ADX is flat although still trending, and +DI is curling down as -DI is curling up. In the past, after rallies LMND retraced to find support on the 14-ema and 21-ema. I am a buyer on that zone.
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***The ideas shared here are my opinion, not financial advise to place trades. Please do your own research before buying/selling stocks***
US Stock In Play: $LMND (Lemonade Inc)$LMND have imposed a staggering rally of +49.23% cumulative gain in 3 days upon breaking out of its 3 weeks Symmetrical Triangle consolidation. The consequential breakout was met with healthy transactional volume, affirming a resumption of its prior bullish momentum established since early December 2020.
With average price volatility currently at all time high level of $14.77/day, this morning's breakout further implied a 157% increase in price volatility to close the session at $183.26, a fresh new all time high level for $LMND.