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benjihyam
Mar 1, 2024 4:01 AM

$LMND, can price recover and get back to the $30s? Long

Lemonade, Inc.NYSE

Description

I'll be honest, this one I'm less confident about, but in terms of the analysis:

Earnings sent the stock price lower back into support and the 200DMA.

If price can stay above this region, then I think there's a possibility of a squeeze back higher into the $31 resistance.

First price needs to reclaim the $17 resistance.

Let's see if it can do that.

Comment

So far so good, approaching $17 resistance.
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