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Lmndlong

LMND - Update Hi guys, ive been tracking LMND since february as i noticed we were interacting with major resistance trend line that formed since its top in 2021. Just to mention its extremely hard to predict what goes on in the markets, and i was somewhat wrong in my short term prediction in my previous charts. As we made a lower low ($10.37). BUT im still long this company and my thesis in general for the longer term is still INTACT. Remember this is strictly technical analysis ONLY. I do not go into fundamentals at all and quite frankly it works for me. I believe the charts to be the only tools needed as they help increase my probabilities of success. Anyway lets jump in. Firstly we start with price action. This analysis is done on the weekly timeframe. So this analysis is not for short term trading but to assess a longer term trend change. We are currently in the process of breaking the orange downward sloping trend line i drew that began in july 2022 (notice the green arrow as well). The candle is also a massive sized candle which is extremely bullish. BUT please note this candle has NOT yet closed. We must wait for tomorrows (friday) candle close. If we do close at these levels and we are above orange trend line. In my opinion this is extremely bullish. As this will wipe out the last 4 bearish candles. The candle also shows there was massive buying from $10.37. We are also approaching the yellow line which is the 21 week moving average. This is crucial as for all assets, if we move above, confirm and it acts as support it signifies at the very least a couple of weeks to many weeks of movement to the UPSIDE. We are also approaching the trend resistance downsloping trend line. THIS IS MAJOR RESISTANCE since January 2021. If we manage to get above this, in my opinion will be a big sign for LMND to have seen its bottom. But we have to be patient. Take it week by week. We can also see prices move sideways, as bottoms take some time to formulate. Now, as mentioned in my previous charts (posted below), i was wrong in the short-term price movements. I did not expect the drop of price to $10.37. I was expecting a move directly to the red trend line. But notice how we reactd to the white trendline, with this massive engulfing bullish candle. ALso my thesis on the BULLISH DIVERGENCE has strengthened even more, after the drp to $10.37. And notice since we are in the weekly timeframe. The move that may ensue, if i am correct about the divergence can be a massive one. Bullish divergence is highlighted by the white trend lines drawn in the price action and the RSI indicator. ALso just note, at $10.37 we were down 94% from the top at $187.00. **********Also note to take a trade, we need to wait for next week candles close and look for confirmation candle patterns printing. It is still possible for tomorrow to be a down day and it closing below the orange trend line************ NOTE also in the RSI. -> we are breaking out of the trend resistance trend line. Forming a higher high. We are also above the yellow moving average. This is bullish if we close tomorrow above these 2. CONCLUSION: Though i was wrong in the short term about price action, all in all it may be in a consolidation phase. A BULLISH divergence is also in play, currently with the RSI spike to the upside, might be playing out as we speak. We do have to observe the close of this current candle, as it being a weekly candle, we must wait and see what tomorrow brings. If we end of closing above $13.88 tomorrow, we must see what next week brings. Its also important to note the size of this candle, if we are bigger than the previous red candle come tomorrow, this is a good sign. It shows buying. RSI is also breaking trends and creating a higher high after 1 month. Overall things are looking good but we must exhibit patience. Next couple weeks is crucial for LMND. Hope this helps. If you have any questions on TA, please comment. Let me know alsow hat you think. Please boost and follow if you like this content. I will be putting up more updates on LMND as well and will be closely observing since i am holding a position. DISCLAIMER: This is NOT fiancial advise, i am NOT a financial advisor. Everything expressed in this post and all my posts are just my opinion and for my own educational purposes. When making trades, please do create & follow your own strategies. Make sure you focus on risk management and protect yourselves with stop losses.
NYSE:LMNDLong
by SafofAllTrades
LMND - UPDATEHi guys, quick update on LMND. Ive had my eyes on LMND for weeks now, after it was playing with its MAJOR DOWNTREND RESISTANCE LINE, indicated by red line. Which dates back to January 2021 at the highs of $186 ish. I am currently in this trade with entries around 13.70 to 13.90. Just note to myself, i entered a little pre-maturely, as earlier this week would of been a better time to enter. But theres no crystal ball in trading and im content. So this week we accomplished creating a bullish divergence where price action is pointed downwards with a lower low but indicators are pointed up with higher high (the more indicators showng this, the better (known as confluence)). My target will be the re-test of the Major trend line in red. We will also need to observe whether or not we break through, if this bullish divergence will give enough momentum to be able to break the red line and CHANGE TREND. We are technically in a downtrend until the red line breaks. That will give me confidence, with confirmation i will likely add to more long term positions. Another thing to note, it a potential double bottom formation, indicated by the red curved lines under price action and green curved lines under the bollinger bands. We've also add some price action below the lower bollinder band, which could of been solid areas to buy. Also note that the lower band of bollinger is curving up, indicating a move to upside. Now some developments in indicators: STOCH RSI is crossing above the 80 level, and is maintaing bullish cross. Watch this. We want to stay above here. Any cross back down below 80 level will indicate potential momentum to downside. MACD has had a bullish cross. Which has given the momentum of this recent 20%ish move. RSI has spiked also to upside. I want to see it move past the white line drawn, to create a higher high. CONCLUSION: All in all, things are playing out as thought. Lets continue to monitor price action. My target is the red line. We will have to see how it reacts, if it will have enough juice to break through and finally reverse its downtrend of 2 years. Thank you! Hope this helped! Please boost, follow and comment! Check out my other charts on LMND and also check out my analysis on other assets as well! DISCLAIMER: This is by no means financial advise. The ideas expressed on my posts are only my opinion and for educational purposes. When trading please do protect yourselfs by creating your own fool proof strategies and maintaining risk management with strategies & stop losses. Be safe.
NYSE:LMNDLong
by SafofAllTrades
LMND - BULLISH developmentsHi guys. Been keeping an eye on LMND last couple weeks as it was interacting with a major downward sloping resistance line dating back from its TOP in 2021. Shown by the red sloping trend line. This is on the Daily timeframe. I will interpret 2 things: 1. Price action 2. Indicators Firstly, price action seems to have bounced beautifully off the 12.81 low. TOdays candle particularly is extremely bullish engulfing with a lower wick. If we close like this, it screams bullish in my opinion. On top of that with the previous 12.81 low, we are now setting up a potential double bottom. This is also bullish. Also note the bollinger band (BB), how fridays candle we wicked below this. Usually this is a great area to pick assets up. Especially when a higher low is expressed with the lower bands of BB. Now note the indicators: RSI is forming a bullish divergence, where indicator forms higher lows (pointing upward) acting inversely with price action which is normally forming lower lows (pointing downward), but in this case its sideways or flat. So a atypical divergence but divergence never the less. Stoch RSI is also below the 20 level but has crossed bullish. Expect it to cross above 20 level which would be confirmation. But generally with other signs that scream bullish i do like this to be below 20 level in some instances. ALso notice the MACD, it seems like with the small sized red rectangles of histogram that bearish momentum is weaning off and potential bullish momentum cross is likely to occur soon. Conclusion: Things are shaping up for this to be a nice swing trade. With a potential double bottom and bullish divergence, on top of bullish crosses in both STOCH RSI and MACD. I have taken a swing position with stop loss below the Red support line of 12.81. PLease let me know what you think. Please boost, comment or follow for more TA analysis. DISCLAIMER: This is not financial advice. This is for educational purposes and to express my ideas for improving my skills. Please when trading you establish your very own strategy with risk management in mind especially utilizing stop losses and other means. Thanks
NYSE:LMNDLong
by SafofAllTrades
LMND - Major Area to be watchingHi guys. Lemonade, Inc. has caught my attention with its recent price action. This will be strictly TA based, as thats what im into. Jumping right in. This analysis is on the Daily Timeframe. Ill probably have more charts up looking at larger timeframes and updating when i see fit for each timeframe. So on the chart we have: 1. A green box - which is in my opinion a major consolidation area / potential buy zone for long-term investing 2. White lines - Major RESISTANCE lines 3. Orange lines - SUPPORT lines/ levels The lines are numbered so compare explaination to number system i have EXPLAINATION White Resistance lines (numbers here reflect numbers on chart): 1. This is MAJOR MAJOR MACRO RESISTANCE, indicating a downtrend since our HIGHS are January 2021. 2. This was major support turned resistance dating back to March 2022. We have been last 2-3 weeks battling these 2 major areas. It is a very crucial point in the price action of this asset, ESPECIALLY line #1. If it can confirm above these lines, we have major major trend change and a possibilty that the bottom is in for this. We have recently however been pushed down from above. Having difficulty in keeping above these lines with major selling pressure. OBSERVATION: In this recent price action, we had 8 days above this #1 WHite line. Compared to previous history, its the most days we've been above this line, EVER. So my opinion BULLS are fighting real hard to break this BEAR TREND of 2 years. Orange Support lines (numbers here reflect numbers on chart): 1. Major horizontal support here, some major buying taking place, keeping us above this. Since its a daily candle we need to continue to see how price reacts. 2. Major Support trend line, dating back to December 2022. Currently reacted well, is supported by it. #1 and 2 orange lines, we have confluence here of major support. This is a good sign atleast for now. We had a nice wick indicating buying from these 2 levels, keeping the recent uptrend from December INTACT. #3,4,5 are the next support levels to look at, if #1 & 2 break. If we hit #5 and or the lower aspect of green box (green line), somewhere down the near future. This could indicate a double bottom and is massively bullish. Anything below green line would be worst case scenario but thats low probabilty fo now. And would only discuss if probabilty increased. I also added a INDICATOR. RSI -> So here i have 3 white lines. Keeping it short, we need to keep support on these lines, break above all of them and create new higher highs on RSI and go above the Yellow line or MA to show strength. If we confirm above White lines #1 & 2, i will most likely enter a long as it could be a nice growth stock to add (in my opinion). So lets see what happens. We need to observe this, since we are in this critical time in LMND price action. Let me know what your opinions are, if you see anything bullish. I'm not a FA guy, so also if theres any positive news i should be watching out for let me know. Boost, COmment, Follow for more updates on LMND. Check out my other ideas in my profile. Disclaimer: IDeas expressed here are my opinion. this is not financial advice. I am not a financial advisor. Please trade responsibily, perferably with stop losses. Thanks.
NYSE:LMND
by SafofAllTrades
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)
NYSE:LMNDLong
by jUiCE_Trades
1
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 $100 mark and see a similar pattern, I'd be surprised if it dropped any further but the market is pretty volatile right now so caution is required. This is not financial advice! If you enjoyed this analysis please like and follow!
NYSE:LMNDLong
by JamesVitaly
6
Lemonade -price touched 189$ 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.
NYSE:LMNDLong
by FDGT_academy
2
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.
NYSE:LMNDLong
by jfsrevg