ContraryTrader

LMND broke support

Short
NYSE:LMND   Lemonade, Inc.
Broke out of a falling wedge (Yellow lines) and started a uptrend. Got rejected a few times at 100ma before falling out uptrend channel. Sometimes on wedge breakouts there is a back test to break out area which is what I think will happen with lmnd. if it falls below 200ma at 91.69

RSI has already started to dive
OBV and Macd also

Ultimately , this stock has benefited from meme squeezing because of it's high short interest. LMND will need the meme really to continue

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