Lemonade (LMND) is consolidating - Breakout can be explosive

Lemonade, Inc.NYSE

Description

⋅ Nov 25, 2023 11:17 PM

Lemonade in an insurance company that has a good global reach. It was a popular stock couple of years back but now it has lost some of its lust.

Currently, its consolidating around 13.85 and 17.70 range.

One to add to the watchlist, as a daily break or weekly break with 10 day and 20 day moving average behind it can be good momentum.

Comment

⋅ Nov 30, 2023 8:55 AM

Lemonade had breakout

Rectangle Chart Patterns

Comments

swazii03

⋅ Dec 6, 2023 5:28 PM

What’s your thesis now Dec. 6th?

mansur7

⋅ Dec 7, 2023 2:20 AM

@swazii03, I would hold on to Lemonade, you can trail your stop below 20 day EMA.
After Unemployment Data is out of the way, I expect Unemployment to be 4%, we should see all stocks fly.