LMND trade ideas
Pennant for LMND. Nice boost this week.I see a couple of pennants heading up for LMND and the latest pennant looks like it's ready to spring into the next flagpole.
LMND over 157.71After the monster run LMND had some digestion and consolidation was necessary. Forming a beautiful consolidation pattern on declining volume, but we'll look for it to break higher over the confluence of long and short term fibs.
$lmnd - making higher lowson watch this week.
quietly making higher lows as it seems like we've found the bottom.
looking for a daily candle close above the upper pickfork line. it also appears we have hidden bullish divergence...
resistance to get past at 150.17. past that i go long
Expecting a breakoutPosting this for validation. Is this correct or am I forcing the pattern?
imo LMND should be gainging a higher marketcap (upwards of 20B).
LMND Reaching SupportLMND hit there steady support line again. Look for a jump within the next few days.
LMND LongIF price respects the current trend going into tomorrow (1/26/21) , we should see some bullish movement as we are currently at the bottom of the dip. $183 or even $180 (to play it safe) would be my price target if I enter a Long position.
LMND - finding support soon?Lemonade has retraced from a recent high of 188 to 138.80 today. It is now close to a strong support @ 137 (confluence of a horizontal resistence turned support as well as the 61.8% fib retracement level).
There is also a potential bullish divergence between price and RSI.
Dipping my toes in @ 138-140 with initial stop loss just below 134. For those who prefer to wait for more confirmation, wait for firmer reversal signs, eg harami or piercing candlesticks etc on the daily chart (ideally should happen without breaching the support @ 137), or wait to see a rebound above 145 before entry.
Target wise, I am looking at a retest of the recent high at 1.88 or trail stops up with room for some volatility.
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you. Feel free to give me your thoughts ! :)
Lemonade -price touched 189$ 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.
LMNDLMND 17JAN21 1D Time Frame
LMND is doing a pullback from previous bull move. MACD shows bearish momentum growing and stochastics is also pointing down. Based on previous price action, I anticipate support to be around the 21 EMA area which also happens to be near the 61.8% fib level.
Buy zone is within 137 - 126.65 area and stop loss at 121.64.
If price breaks buy zone 1 and stop loss 1, next pivot point could be at the 50ema area.
Disclaimer
I do not know how the market will move tomorrow. All my post is not a recommendation, advise nor a suggestion and should not be used as a replacement for investment advice from a qualified licensed professional. All my post is for practice, informational and entrainment purposes only as I am not a registered investment advisor and do not offer investment advice and recommendation. You, the reader, bear full responsibility for your own investment and trade decisions and should seek the advice of a qualified securities professional before making any investment or trade.
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***
$LMND Head and Shoulders Reversal +Major Citron News! 1/15Video Breakdown on $LMND! Citron to have a webcast on twitter discussing the $LMND short! Could spell MAJOR downside! PT $100
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.
Time To Take Profits In This High FlyerThis is a pretty simple post telling you to sell / short this stock. It's gone too far in too short an amount of time, and you can expect to buy it back lower in the next two weeks. I like the company but will be bidding lower for it. Cheers!
