TradeTheTrends

LMND, LAST CHANCE BEFORE BREAKOUT!

Long
NYSE:LMND   Lemonade, Inc
Hello fellow traders and investors, here's another trade idea.
LMND has recently pulled back to the support area , if LMND makes a recovery to the take profit area it offers around an 80 to 100% ROI .

Technicals:
The Macd indicates that it's oversold and in an uptrend
The RSI is relatively oversold

When To Buy:
When price breaks out of the wedge

When To Sell:
I recommend selling in the take profit area.

Fundamentals: Lemonade , Inc. is an insurance holding company, which engages in the provision of home and renters insurance services. The firm also acts as an insurance agent that offers underwriting and claims services through its subsidiary. LMND has a P/S of 70.5 which indicates that LMND's valuation is overpriced, of course, they have a debt/equity of 0 since they are an insurance company, sales growth of -70% Q/Q, Earnings per share growth of 76% Q/Q and finally an ROI of -22%. Fundamentals aren't great except for the 0 debt/equity they have and the EPS growth Q/Q.

Rating: 95/100 the technicals are very good but the fundamentals aren't great however LMND is so oversold that I personally can't see it going lower then 80$.

NOTE: I'm personally invested and going to buy more do average out my position since I first bought at 100$. They just came out with car insurance with should act as a positive catalyst which will most likely act as a positive catalyst in the next few days.

I hope you enjoyed this quick analysis and many more to come.
If you enjoyed leave a like, follow, comment your thoughts and share this trade idea.
Thanks.

Comments

So, been around enough to know we have hit a pullback (at the least) and a strong indication of a 'crash.' All this can turn into technicals, but the current technical is a bust for now. I am in the hole with this one, almost sold it for a loss, but now it is too much so I'll hang on until the market is decidedly headed north again. Hope that is by this fall. Very discouraged with the direction of the current administration in it's decisions/deceptions. Sigh. I used to think the CPI was more or less trustworthy, but I was wrong then and very wrong now. Cannot think of how the Fed can wave a wand and call this low inflation when much of what we buy just to live has radically risen in cost in such a short time. Second sigh. This was a good analysis, just didn't work out this time.
+2 Reply
support my ASS!
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Broke trendline today 4/21, perfect entry now per risk/reward. I am going to 'double my position' which, humbly, is two stocks.
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@CraigC Yes it just broke trend line now headed to test 110$ and if it continues to rally we’re headed to 180$. Good luck.
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Do you think LMND is a good buy?
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