0A91 trade ideas
Sweetness in LemonadeRead this article here
This stock is requested by a follower based in US.
Looking at the chart, you can see that it has touch on a support level at 46.96 and there is a nice bullish signal present as well. That could means selling pressure has eased and a trend reversal is around the corner. Of course, the share price could hoover around this level for a while before we see a rebound.
Fundamentals wise, note that this company is still not profitable so that may be something that long term investors may want to consider.
Position sizing matters as it is not a buy and forget strategy. Share price can still tumble from here (nobody knows) so do not throw your entire kitchen sink into this stock (or any stock). If you like this stock and intend to hold for a long term, then price fall should be viewed as a discount and buying opportunity.
So, be clear what you intend to buy this stock for.
lemonade broke out of double bottomunless this gets faded in 20 minutes, this has broken out.
could look for an entry at the break of the 618
Huge oppurtunityWe have a substantial long-term potential over here but in order to get the perfect price, we have to wait for some consolidation.
Else, if we close above the previous candle's high, we might continue climbing higher despite the overbought RSI.
LMND looking at potential breakout These simple sideways channel trading set ups are just a beauty. The LMND charts levels of resistance and support are abundantly clear and have been tested multiple times. The more they get tested, the happier I feel about the execution.
For today, I am looking for a day trade on a break above 69.24. which may become a swing trade too if its very profitable.
If it does not break through resistance, I would be watching to buy at the bottom of the trading channel....
For a day trade, I would be looking at options, 1-3 call options depending on the price. Small and safe position only for me.
Typically, one call option can yield great results, but having say 3 of them can allow me to sell 2 at a profit and keep 1 for tommorow to see what happens then.
$LMND Lemonade Inc On Verge Of Breakout, 🍋🍋
Much talked about stock in recent days among the trading community.
looks primed for major move higher .
Indicators bullish
Volume Bullish.
Short term Target $76.49 to Fibonacci GP
$85.00 very achievable in the coming days if market remains strong.
LMND Looking JuicyLMND has been working on a nice IPO base. Seems to be experiencing a character change lately as it firms up. Showing some strength today as it is breaking above the downward sloping trendline. The $68-69 level has been a difficult hurdle but it looks poised to take it out in the near future.
LMND ready for another ridiculous run up- Inverted Head an Shoulders is forming on the 1hr chart into strong resistance
- Close above psychological $50 level is encouraging of a reversal
- Need to see a few more candles to confirm a reversal
Fell back for consolidationI like this name a lot and after giving up its recent breakout, provides another buying opportunity. Needs over the purple fib to clear some resistance levels.
LMND primary direction still down, target 56LMND good retracement, still needs some more room to correct, targeting 52-56 range. Copyright Rohan Karunaratne 2020
Potential IPO base $LMNDPotential IPO base
"90 seconds to get insured. 3 minutes to get paid"
If you haven't already noticed, we are living in a world of immediate gratification. Insurance is just another sector that's ripe to be disrupted by better efficiency.
TA,
- Increasing volume and consolidating at previous highs $69.
FA,
- Disrupting the archaic industry of insurance
-High NPS score of 70. Industry average is 70.
- $5 Trillion TAM. Current market cap is $3.8Bn
- Huge barrier between insurance companies and customers. Making claims is a headache. Lemonade is bridging that gap through better customer service by leveraging the powers of AI. AI JIM and AI MAYA
- +167% revenue growth 2020
- Expansion beyond US. France is next by end of 2020.
- Only 3 types available still. Renters, home and pet insurance. More potential for other types
Concerns,
- Still not fully convinced of the business model
-Continued losses(side effect of disrupting)
- Price discovery phase still so will be super volatile.
Entry : Break of 69.2
Stop loss: 62.2
The bottom seems to be in with upside aheadAnother play similar to $ZI that had a disappointing response following IPO, seems to have found a bottom, consolidated, and wants higher. Strong long-term prospects, leaps or other long-dated calls taken from this point should treat you well.
