The Long Investor
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$LMND - RC -
🕑 Added 2025-05-05 11:47:31 +0000 UTCA lot of people got excited about this ticker in November when it went parabolic and we did not entertain it.
Because with all parabolic moves, the reverse is just as harsh and $LMND is no different.
Price has pulled back from $53 to $24 and has so far held support on the 50 and 200 WMA which merged exactly at the 0.618 Fib at $27.
When there is a strong merging point like this, it is known as a confluence level.
If there price can continue to hold here then a reversal can come next....recapturing the next blue support line above at $32 will be a good start and a return to the top blue line can happen next.
Fundamentals are still very weak here.
$OSCR is a better option right now compared to $LMND.
Comments
michael
Yes I’m in OSCR not in LMND and not convinced but I had read an argument saying that them being a dedicated app-based company would give some kind of advantage over legacy insurers. I have been reading positive articles about ot for some time but have not entered a position
Ronnie
Thank you for the last line!
Manuel Hannich
https://youtu.be/eNMB4a3_H9o?si=txtGlKRpxEycxYjw
Manuel Hannich
I'm a very big fan of $LMND
