Option 1:
Lemonade shares see a volume spike and a change in trend, then see a swing up to that $134 resistance level before completing their wedge and breaking out toward ATH's.
Option 2:
Lemonade shares break down out of the smaller wedge formation and find support at $80 again before seeing an upside (triple bottom).
Option 3:
Lemonade receives bad news and volume continues to fall, causing them to break support and find old support at the $64 old resistance level.
My Outlook
Personally, I am a fan of option 1 here. I think Lemonade fundamentally has plenty of room to grow. Like I have said before, they don't yet offer auto insurance and their interphase is very easy to work with. I will be waiting for a spike in volume or good news for a potential entry. Leave a like and comment your thoughts :) Good Luck!
Lemonade shares see a volume spike and a change in trend, then see a swing up to that $134 resistance level before completing their wedge and breaking out toward ATH's.
Option 2:
Lemonade shares break down out of the smaller wedge formation and find support at $80 again before seeing an upside (triple bottom).
Option 3:
Lemonade receives bad news and volume continues to fall, causing them to break support and find old support at the $64 old resistance level.
My Outlook
Personally, I am a fan of option 1 here. I think Lemonade fundamentally has plenty of room to grow. Like I have said before, they don't yet offer auto insurance and their interphase is very easy to work with. I will be waiting for a spike in volume or good news for a potential entry. Leave a like and comment your thoughts :) Good Luck!
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.