LIDR a technology penny stock LONG
Updated
LIDR in the past week enjoyed a price and volume surge as can be seen on the 2H chart.
It is currently price at a discount of 99% off the prior ATHs of three years ago. LICR makes the
laser and vision systems to be used in self driving vehicles which is part of the story for TSLA
and others in terms of future growth including the concept of RoboTaxis. That is to say LIDR
is part of the supply chain for EVs and will play a role in their market penetration in future
years. I will take a long trade here and swing it into the next earnings period for LIDR. My initial
target is 4 with a stop loss at 3.25 to be raised as the price moves higher.
It is currently price at a discount of 99% off the prior ATHs of three years ago. LICR makes the
laser and vision systems to be used in self driving vehicles which is part of the story for TSLA
and others in terms of future growth including the concept of RoboTaxis. That is to say LIDR
is part of the supply chain for EVs and will play a role in their market penetration in future
years. I will take a long trade here and swing it into the next earnings period for LIDR. My initial
target is 4 with a stop loss at 3.25 to be raised as the price moves higher.
Note
Nice move up today allows stop loss to be raised to a trailing 15%. Trade is now risk free and rising.
Trade active
Another strong move today so 10% of the profit is realized. Will add back on anydip of 5% or more.
Trade closed: target reached
Note
Watching the pullback for a re-entry long.
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