Lemonade has been ricocheting off this clean bullish pennant since IPO. It's bound to break, and the question is: up or down? Traditionally up would be the play due to the strong uptrend pre pennant, but without proper data it is hard to say. Sentiment is strong for this innovator and financials paint a hopeful picture for the future. I'm keen to see a swift bull move for this new stock.
Trade closed: stop reached
Stopped out at 78.30. This is why we manage risk.
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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.