LDO NEW ALL TIME HIGHIn this chart, BINANCE:LDOUSDT surpasses its previous ATH of $0.389 and currently around that price. What would be the next potential resistance to watch. I'll provide a technical analysis in the comment threads below.
Lidar
$OUST possible bump and run reversal bottomIt's not perfect but it may be close. Let's see how it plays out now. I still expect some corrections/check backs if it heads higher, but so far it is playing out nicely.
Disregard the solid diagonal white trend line, not sure what I was trying with that one. Maybe it will be a point of resistance, maybe not.
Relevant fibs of support and resistance also shown.
Two trendlines for the bump and run are drawn (dashed lines) - I'm not quite sure which one is more accurate to be honest.
Had a decent amount of insider buying (IIRC) as well as being driven into the dirt with a low float of ~30M shares...
Still seems undervalued, but what do I know.
Final Notes:
It would be nice to hold $7; if not that, then 6.36 or 5.92. Seems pretty volatile and a potentially good candidate for active trading if you manage risk appropriately.
RSI is turning around on 1hr and lower TF, and it looks like a possible bearish harmonic (crab?) may be on the 15 min.
Looking for possible re-entries around $5-6 if it can retain its upward momentum.
References:
thepatternsite.com
Bulkowski's Encyclopedia of Chart Patterns, Chapter 14.
Big Things in 2023Cepton ( NASDAQ:CPTN ) has been quiet for a few quarters now. Earnings are coming up on May 9th and revenue is expected to increase each quarter to 2024. According to TradingView's Forecast, 3 out of 5 indicate CPTN is a strong buy. The expected revenue growth through Q4 2023 is expected to grow almost 4x from where we are now. What is great, is no one is talking about Cepton. Reddit, TradingView Ideas, and our typical blogs have been radio silence. The current RSI indicates we are likely oversold in the latest dump and have an opportunity to grab a good entry as we head to 2024. With each Automaker investigating how to implement LiDAR solutions in their future product, they will likely need to work with one manufacturer and stick with them due to challenging packaging constraints and system integration work with each LiDAR module. I expect that the contracts that CPTN currently has and future business to be long term revenue generators to help them achieve these revenue targets. As more automakers launch products and reveal future vehicles with autonomous systems utilizing LiDAR, this will be a stock to watch.
Let me know what you think.
LAZR - Building nicelySolid set-up building...All signs of possible breakout...I'd wait for test of 20 and pullback for long entry.
Or go long above 16 and watch closely around 20. Failure there should bring it back to 12, but bull case is looking good for now.
LAZR - rolling over againRejected 30 EMA and VWMA and bearflag formation. Likely tests low again. News Catalysts also are not helping this clear the downtrend. If it can consolidate here above 14, could have shot at breakout.
MVIS boom incoming?Not a financial advisor.
MVIS had a historic run and made a lot of news headlines last year.
We appear to have seen the bottom and look for a 3 white soldier reversal to confirm the strength upward.
This was one of the best plays for volatility in the market with the price swings. Also had major booms in the market seeing major price increases.
This is certainly one to keep an eye on in Feb. You may never see these price levels ever again.
All indicators are curling up and the Parabolic Sar has flipped bullish. This is one of my personal favorites due to its history of major price spikes. Definitely watchlist worthy.
Lidar, Augmented reality
plenty of eyes will be watching this one closely. I anticipate this to be a headliner again for 2022.
This should be back up to $8 in a matter of weeks.
$INDI heading back to its main support?$INDI did as I expected in my last post on $INDI. Considering the general tax selling sell-off in the market towards the end of the year it is possible that it is headed to its main support area around $11, which is nearly 200SMA today. This is a drastic pullback, but SPACs have not found their firm stepping stone to higher prices yet.
Indie semiconductor potential breakout$INDI is trying to break $12, which should happen sooner or later, and if so there will be an easy 25% rise to $15
LIDR Price target of $15here comes the short squeeze from LIDR just following the squeeze trend and recent uptick in price forecast. all i say is buy buy buy for 300-% gains
Microvision MVIS Daily - August 2021We've got a clear gap to fill at 12.88. Although it feels like she might go testing the latest 50% swing retrace before coming back down to fill that gap ahead of the live demo in Sept at IAA Mobility. Also keep in mind that they still have another $70m left on the ATM.
MVIS Levels after Q2 EarningsMVIS has been stagnant for a few weeks leading up to these latest Q2 results. The 786 fib line using Q2 lows as the anchor reveal some important levels and this 786 was one of them. It was a prior pivot point that more times than not ended up being support and/or a level of consolidation. It was only until recently that MVIS ended up failing to hold its consolidation trend and slid back. Now that ER are out, not only may 786 area be important but so might the 50 DMA which is right around $14.50 as of today. After hours on 8/4 MVIS briefly traded above that level but almost immediately got rejected. And to think that we were covering this as frequently as we were when it was still a penny stock. It has come a long way.
" There are a few reasons for the massive spike in MVIS stock over that time frame. One of those is its work on LiDAR sensors as well as microchips and various computer-related products.
Right now, there is a major shortage of microprocessors. If we consider basic supply and demand principles, we see that a massive gain for MVIS stock makes sense. However, its LiDAR sensors are also used in self-driving cars, which have become a major focus for Reddit stock investors in the past year or so. The focus from Reddit investors on MVIS is another example of retail traders pushing a stock with a high institutional short interest ..."
Quote Source & Read More: Former Penny Stocks That Exploded in Value, One Up Over 3,500%
MVIS Looks Ready for A BreakoutIt looks like MVIS is due for a reversal to the upside. Possibly a retest of $24 and ATH? Thoughts?
Microvision MVIS - Swing Play IdeaOur last weekly candle closed near the top end of the trading range. Also notice there is a potential cup and handle pattern forming here on the weekly chart. This could be a sign that we will soon break out of this current trading range and close a weekly candle above 20.50. We would then be looking to make a new high, in what appears to be a solid longer term uptrend channel(white lines) going on. But in order to do that that, we first need our dip to form the handle of our cup pattern...then of course some volume on this dip. Ideally, I'd be looking to start buying closer to our current 50% retrace level of 17.63, adding heavier as we move closer to the bottom of the cup. I would use Friday's previous high of 23 as the sell trigger, but focusing mainly on the current 1.0 fib extension target near 30, selling heavier as we move closer to the 1.618 extension target near 41. Just keep in mind that we could very easily slip back into the current trading range, with our bottom level sitting near 10.80. We could also just as easily get a news release that quickly sends this to a new high without any dip at all.
*Swing MVIS at your own risk!
MVIS Weekly Log Scale - June 2021Holding nicely above $10. Just needs a bit of volume and a catalyst (LiDAR partnership perhaps?) to get her back in the 20s and retesting that 27 area. A market crash feels like the only thing that could stop this overall bullish trend.
Microvision May 2021We are looking to break out of the red down channel and fill that $17.53 gap. The next major news release takes us to somewhere between $30-$40. Good luck!
Microvision MVIS DailyIf things continue to get crazy ahead of earnings then look for that $41 fib ext target to get tested. Otherwise, the healthier move would be a retrace to find new support. Mind that gap too, it might need to get filled post earnings call. Good luck out there!
Microvision MVIS Monthly (Log Scale)This is a log scale view to give a better overall picture of the lifecycle of MVIS. Assuming the LiDAR A-Sample update is a solid one, the next pop should take us to around $28-$30 before we come back down to find our new support.
Microvision April 2021Breakout of this pattern will send us testing the upper range of the bollinger band around 19.50. A failed breakout likely send us back to that 14.73 area for potential new support, which IMO would be a healthy move. Expected A-Sample update on April 29th's earning call will impact the share price.
LAZR over 31.40LAZR was the victim of having 'too many eyes' throughout Jan and Feb and the consolidation broke to the downside. With earnings out of the way it has put in a bullish engulfing candle on the daily with large volume. In other charts we have seen how a consolidation that breaks to the downside can still lead to a large upwards, this one could be sneaky.
LUMINAR - Lets Fly ✈️Luminar is one of the top Lidar Technology companies that been applied for an IPO. Recently they closed a deal with Daimler Truck (The parent company of the Mercedes-Benz). What is more attractive is that their Income statement grew by 24,862.07% from 2018 to 2019 and their Cash Flow went from -122.51K in 2018 to +6.76 million (5,620.22% increase) in 2019. Looks very bullish! We have added more shares today to our LAZR portfolio. Let's wait and see!
Entry Point: Current Market Price
Velodyn Lidar- Lets break the Triangle!VLDR is a lidar technology company. The oversaturation within the EV market can potentially drive the attention to the Battery suppliers and lidar technology companies that are associated with the car industry. Here we would like to present our chart analysis on VLDR which seems to continue forming a symmetrical triangle. In order for VLDR to have a nice and strong jump, it needs first to pass some resistance points that we have pointed out.
Our opinion is positive on this one.
Entry point: 21.69
LAZR- Increasingly crowded LiDAR spaceWhile VLDR focuses more on LiDAR's robotics and industrial application, LAZR is solely focusing on LiDAR's application in the automobile sector.
According to Orlando news, LAZR has rapidly gained 50 industry partners, including 7 of the top 10 global automotive OEMs, and has received minority investments from the world’s largest commercial vehicle manufacturer, Daimler Truck AG and Volvo, a global leader in automotive safety, to bring autonomous trucks and cars to highways, respectively.
MobileEye's potential plan to build its own LiDAR, along with LAZR's lofty valuation compared to its peers, may negatively affect LAZR's price in the short run. However, Volvo's plan to roll out a level 3 car in 2022 using Luminar's LiDAR, Mercedes's partnership and LAZR's singular focus to build LiDAR that is commercially viable for mass-produced consumer cars should keep LAZR's share price afloat in the foreseeable future.
In the short-term, I expect some lvl of price uncertainty as Innoviz has already gone public and so will Aeva in the near future in this increasingly crowded LiDAR space.
$VLDR Interesting Volume Shelf & Flag PatternThis ticker is looking like it is setting up for a leg higher at some point, acting similar to LAZR.
Currently sitting on the 23 volume shelf.
Coiling quite nicely.
Lower volume over the past few weeks.
Lidar sector seems to be very quiet right now.
Flag forming
