LMND bearish divergence on the daily

2021년 1월 14일LMND is showing bearish divergence between RSI and price on the daily chart. MACD is starting to curl down, ADX is flat although still trending, and +DI is curling down as -DI is curling up. In the past, after rallies LMND retraced to find support on the 14-ema and 21-ema. I am a buyer on that zone.

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2021년 1월 14일

코멘트

Take a look at the difference in volume:

2021년 1월 15일

코멘트

Second fib level met. I believe more downside is coming:

2021년 1월 15일

코멘트

Support on the 14-ema. You may start scaling in if you want. I am waiting a little longer:

2021년 1월 15일

코멘트

That is a nice hammer candle on the retracement. Depending on what the next candle prints this could mean the short term trend could reverse. If you didn't get in on lower levels this is still a good time to start scaling in. Don't go all in because the reversal is not confirmed yet:

2021년 1월 22일

코멘트

LMND daily resistance at $150. I took some profits here:

2021년 1월 25일

코멘트

Closed my LMND position at $167 and bought back with an average price of $153. Now crossing my fingers the support holds. 🤞

2021년 1월 26일

코멘트

LMND recovering from yesterday's drop. Glad I got back in at support.