Lemonade, Inc.

LMND looking at potential breakout

346
These simple sideways channel trading set ups are just a beauty. The LMND charts levels of resistance and support are abundantly clear and have been tested multiple times. The more they get tested, the happier I feel about the execution.

For today, I am looking for a day trade on a break above 69.24. which may become a swing trade too if its very profitable.

If it does not break through resistance, I would be watching to buy at the bottom of the trading channel....

For a day trade, I would be looking at options, 1-3 call options depending on the price. Small and safe position only for me.

Typically, one call option can yield great results, but having say 3 of them can allow me to sell 2 at a profit and keep 1 for tommorow to see what happens then.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.