LAZR about to break wedge 🚀 Get your moon boots readyAdded to this position today, looks ready for takeoff to me.
Lazr
LAZR entry with minimal riskLAZR failed to breakout from the triangle and continued on sideways move within a clear channel after that pattern was completed. LAZR is now on the channel support as well as the support of the 21-ema and 14-ema. Seems to be a good place to enter a position because if the price breaks below the support you can exit the trade with minimal harm. Other indicators are not very helpful here since they show mixed sentiment, so we can rely on the support and emas until the indicators start aligning themselves and giving clearer signals.
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***The ideas shared here are my opinion, not financial advise to place trades. Please do your own research before buying/selling stocks***
LAZR breakout imminent! Buying opportunity!$LAZR (Luminar Technologies) is on the verge of breaking out of the bullish pennant. Playing this breakout is relatively easy since you can set your stop limits close to your entry. LAZR has been holding the 21 EMA for a month, which is a good sign. RSI and StochRSI are curling up. There is hidden bullish divergence here as well.
Entry: close above the pennant
Profit targets: $38, $40, and $45
SL: $29
LAZR: WEDGE ABOUT TO BREAKLAZR :
Nice consolidation within a symmetrical triangle / wedge . Ready to break.
A break to the upside would give us a first potential target of 46.50 usd +
Wait for confirmation before entering as it could also break to the downside.
One concern: the 200 MA is quiet far.
But I'm leaning slightly bullish based on the Tenkan support (Blue line-Ichimoku).
Trade safe.
LAZR time to moon this week? 50 possibleWatching for a bounce here to retest ATH, cross on the stochastic good indication of reversal just need volume to pick up for confirmation!
