gNnairdA

bearflag/ Head and shoulders. Lower levels likely.

Short
NYSE:LMND   LEMONADE INC
81 views
1
Looks like the wedge break out did not have enough bear follow through, so its likely to go lower. If we take the height of the head and the pole of the flag the downside may be about 36-37 where that downward sloping trendline is. I did not start a position yet but as can pay off to be patient before wanting to jump into these kinds of companies. if bulls are strong enough it could also retest the outside of the wedge and go up however I we would have to wait for confirmation.

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