$LMND Breakout-Pullback

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!