Investor4321

Could Recover... Or Crash More...

Long
NYSE:LMND   Lemonade, Inc.
Lemonade Inc. shares found old support on Friday, and from solely looking at the chart, I would definitely be bullish on them. However, earnings are coming up, which could certainly slow the recovery down. I would expect some volatility in the upcoming days. It is possible that it just builds up from here, but it could fall down further, maybe even find older support at $100. That would be an absolute worst-case scenario, of course. I'm still bullish on them for the week. Even if they fall tomorrow, earnings crash should wear off in a few days. Good Luck!

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