Lemonade shares have broken out of that declining trendline and have now pulled back to that trendline and the 23 day EMA. If 
LMND finds support here then I would anticipate a large move to the upside. However, if LMND fails to bounce and breaks down the 23 day EMA, then I believe that Lemonade could see a steep decline, potentially to $90 where that .236 fib level is. Remember, trading is reactionary. Good Luck!
LMND finds support here then I would anticipate a large move to the upside. However, if LMND fails to bounce and breaks down the 23 day EMA, then I believe that Lemonade could see a steep decline, potentially to $90 where that .236 fib level is. Remember, trading is reactionary. Good Luck!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.