LAZR trade ideas
Ascending triangle with parallel trendlinesThis was an ascending triangle I was following. Friday's sell off pushed it out of it's trendline.
Like channels, I started drawing possible parallel trendlines that would allow the pattern the continue. I put my Stop loss below that alternate line.
I drew the right-most upward trendline a few days ago. On Monday it was respected. It retested that line today and went up.
Put premiums are very generous on this, and available weekly.
LAZR - Breaking the Bear Trend?Potential reversal setup forming in LAZR. We have a small bull flag within a larger bear flag, so I still feel that it will break to the downside, unless we keep getting heavy inflows into tech. Volume looks really good, with lower volume on red days and higher volume on green days. 20 day avg. volume is also increasing.
With a bounce on the lower orange trendline, I'd say now is the time to enter, as you can have a tight stop below the trendline and the 20 SMA. Normally I like to wait for confirmation of the break of the bull flag, but in this case I would probably just play the third retest of the top of the bull flag. Once it breaks out of this bull flag, there will be very little upside left, considering the massive strength of the 26.40 resistance level.
Only small positions only for this play, hoping to make 20% on a monthly call option. Manage your risk.
LAZR Long swing tradeIn a sea of red, I have LAZR as the stock of the day. It's down over 2.5% this morning and starting to appear to make a bottom. I expect indexes to bounce and this to go with it off the trendline. I have 4.5 days for this trade, which brings us to Tuesday eod. We'll see.
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$LAZR Pullback After BreakoutSimilar setup to $NIO yesterday... looking for a strong bounce out of the purple zone. Definitely one to watch. Good Luck!
LAZR - Hot Cake 🍪-Wall Street analysts predict that Luminar Technologies, Inc. (NASDAQ:LAZR) will post $6.38 million in sales for the current quarter. The lowest sales estimate is $6.00 million and the highest is $6.75 million. The company is scheduled to announce its next quarterly earnings results on Thursday, August 5th.
-On average, analysts expect that Luminar Technologies will report full year sales of $27.29 million for the current year, with estimates ranging from $26.30 million to $28.06 million. For the next financial year, analysts expect that the business will post sales of $38.33 million, with estimates ranging from $35.00 million to $45.00 million.
-Luminar Technologies (NASDAQ:LAZR) last posted its earnings results on Thursday, May 13th. The company reported ($0.09) earnings per share for the quarter, hitting the consensus estimate of ($0.09). The business had revenue of $5.31 million for the quarter, compared to analysts' expectations of $5.00 million.
-Bank of America started coverage on Luminar Technologies in a research note on Monday, April 26th. They set a "neutral" rating on the stock. Berenberg Bank began coverage on Luminar Technologies in a research note on Tuesday, May 25th. They issued a "hold" rating and a $18.00 price objective for the company. Northland Securities upgraded shares of Luminar Technologies from a "market perform" rating to an "outperform" rating and set a $38.00 target price on the stock in a research report on Friday, March 12th. Finally, Craig Hallum assumed coverage on shares of Luminar Technologies in a research report on Thursday, March 25th. They issued a "hold" rating and a $24.00 price target for the company.
$LAZR Tesla, Volvo and Pony.ai among others utilizing Luminar$LAZR Tesla, Volvo and Pony.ai among others utilizing Luminar's lidar technology. A lot of eyes are on this right now. Broke above a downtrend and with a moving average confirmation. With 2x relative volume and a fairly high short-float This should move quickly.
LAZR falling wedge Price action is getting tighter and tighter. Might see this one break to the upside soon.
Fundamentals, autonomous vehicles are a matter of when not if.
LUMINAR finally seems to want to go backMy advisor Marketmiracle gave an input signal on the stock LUMINAR $LAZR at the price of USD 21.05 with a target of 44.26 USD and a potential profit of 110 %
A definitely succulent dish supported by the fact that LUMINAR is in fact a fast growing company in the field of new technologies that produces automatic systems for motor vehicles.
The stock was targeted by large funds and was sold at a low price for months.
Now a return of interest taken over by Marketmiracle that is based on capital flows could well lead to a short squeeze with a rapid rise in prices.
I expect at least a price trend similar to the one I designed with two possible targets but also the possibility of reaching the target indicated by the advisor or 44 usd
I went in there.
This idea is based on a signal generated by the advisor Marketmiracle, down on this page you will find the link to the page of signals of the advisor that you can see for free without any cost or registration
$LAZR - premarket pop here!$TSLA $LAZR - tesla is said to use luminar lidar in self-driving tech tests - license plate on test vehicle is tesla's, calif. confirms ---- bbrg rehashing the story from 5-20
$LAZR Big Swing coming with bullish volume!Wide range will be nice for swing trades with more volatility - below 20 more likely to check 18 if broken then 14 - Above 23.5 will be resisted by 25.25 then if it can hold, then possible to visit 30.30 on coming weeks!
500 day now becoming support offering another entryIf you’d like to get in today would be a good day good looking fundamentals and technicals time will tell however
One hell of a moveLooks like we have lots of bullish volume congrats to those who followed this idea when I first posted. We will see large upside from here in my opinion possibly making all time highs.
LAZR_BUYThis stock may go parabolic with its tech for the automobile industry and is a hot 60 fib at the moment...
Been calling these the power of the 200 moving averageBeautiful green candle puncturing our 200 day may retest it or start a steady uptrend to break all time highs.
No bull in my analysis just plain old technical indicators and price action at play
200 day acting as reactance can be come support if it breaks.We crashed through our 200 day moving average and what is acting as resistance to the upside now may become the support level for huge upside. We shall see the coming days/weeks
On lower timeframe we are seeing higher highs which is a technical bullish indicator.
Prepare for big moves in this stock possibly making new all time highs... buckle up
Luminar Technologies technical breakout on 2x average volumeLuminar Technologies just had a technical breakout on 2x average daily volume. Luminar Technologies (LAZR), the global leader in automotive lidar hardware and software technology, announced today Alan Prescott as Chief Legal Officer. Alan Prescott is an automotive and autonomous industry legal expert, engineer, and 20-year veteran from top OEM and technology companies. He will be responsible for directing all legal operations as Luminar’s Chief Legal Officer. Alan joins Luminar from Tesla, where he spent four years acting most recently as General Counsel. Prior to Tesla, he led Uber’s Advanced Technology Group’s legal team as senior counsel overseeing commercial, regulatory, litigation, privacy, and cybersecurity. Alan’s career began at Ford Motor Company as a safety engineer before receiving his law degree from Georgetown University, after which he spent over 10 years leading various legal operations within the automaker, concentrating on product development and manufacturing (source: wallstreet-online). Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analysts motives
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
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Amazing self driving car technology buy opportunity You don’t want to miss out on this buy opportunity. Money will be funneling into this stock in the coming years. I believe this will be a large cap stock one day. This will provide over 100% returns in the mid-term. We are oversold on the stochastic and just touched the 200 day moving average. BUY BUY BUY 🖤
LAZR, TIME TO BUY?Hello fellow traders and investors, here's another trade idea.
LAZR has recently pulled back to the IPO price or in this scenario the support zone. If LAZR makes recovery to the first TP it offers a 55% ROI and the second TP a 95% ROI.
Technicals:
The Macd indicates that LAZR is oversold
The Macd indicates that LAZR is still in a downtrend
The RSI indicates that LAZR is oversold
When To Buy:
When the Macd crosses its moving average and when it breaks above the upper trendline.
When To Sell:
I recommend selling at either of the take-profit areas.
Fundamentals: LAZR engages in making autonomous driving safe and has been backed by top-tier investors. A P/S of 366, debt/equity of 0, sales Q/Q of 37%, an EPS growth Q/Q of -367%, they aren't profitable and have a short float of 5%.
Rating: 65/100, they have decent technicals however they aren't yet profitable so I think a 65/100 is reasonable.
I hope you enjoyed this quick analysis and many more to come.
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