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Luminar Technologies, Inc.

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LAZR trade ideas

Luminar Technologies buy $8.08LAZR are the leading manufacturers of advanced LIDAR systems in the USA. According to Reuters a recent government think tank report has concluded that Chinese made equipment poses a threat to US national security (no surprise there, yet more anti china rhetoric). This may however prove to be a good thing for Luminar as China is a major supplier of equipment in this field and their products are cheaper than US made products. According to the report the US military are exploring uses for the technology, any future orders are likely to go to LAZR, being leaders in the field in the US. The full article can be found on the news feed. The stock price is now at all time lows having just completed a reverse stock split in order to avoid being delisted from the NASDAQ. This one is highly speculative, in my opinion the risk/ reward looks good given the expected growth in this market. I have bought a small position
NASDAQ:LAZRLong
by RIckAshby
LAZR Focused this time on the Squeeze Inbound!LAZR Short Interest & Bullish Diamond Formation on 4H Timeframe As of June 5th, 2024, LAZR Luminar Technologies shows promising short interest and bullish patterns. We've completed a bullish intraday diamond on the 4-hour timeframe and are basing out at key Fibonacci support and resistance levels. To break out of the May 2022 falling wedge, we need to surpass the $2.50-$3.00 range. Current short squeeze figures: Short Interest: 95,622,129 shares (Source: NASDAQ) Short Interest Ratio: 31.57 Days to Cover Short Interest % Float: 28.59% (Source: NASDAQ, Capital IQ) Off-Exchange Short Volume: 2,150,288 shares (Source: FINRA, including Dark Pool volume) Off-Exchange Short Volume Ratio: 65.20% (Source: FINRA, including Dark Pool volume)
NASDAQ:LAZRLong
by candlestickninja
2
LAZR Luminar Technologies: Bullish Wedge Breakout on the HorizoLuminar Technologies (LAZR) is poised for a breakout from its bullish wedge. Following earnings with a slight EPS miss and Tesla news, we saw a rally. Currently, we're testing support around $1.60. Holding $1.60 and breaking $2.29 are crucial for the bull trend. The real short squeeze could occur above $2.50-$3. With VIX levels to watch at $15-$17.50, stay tuned for potential price action in the coming weeks. YT/RMBLE: CANDLESTICKNINJATV
NASDAQ:LAZRLong
by candlestickninja
LAZR Stock Analysis: Breaking Out of the Wedge...TRYING...I previously discussed hedging LAZR and other long positions with UVIX/UVXY/VXX and SQQQ calls with 2-3 week expirations. In this update, we analyze the formation of a higher-order bull diamond after a dip below the interim wedge. Observing multiple intraday candle closes above $2.30 will be crucial to invalidating the negation pattern and confirming the breakout. Once cleared, the next resistance zones to watch are $2.75-$3.00, which could lead to a short squeeze given the high short interest and dark pool activity.
NASDAQ:LAZRLong
by candlestickninja
1
Look at my LAZR Analysis before you let MMs Shake You Out!Get ready for an exciting week ahead with LAZR Luminar Technologies! We're seeing the upside earnings surprise being priced in, coupled with a massive falling wedge that's about to break out above $1.70 and then soar to $2.00-$2.20 on the second wedge. LAZR Analysis: Earnings may be the catalyst for this breakout, but that's not all. I've also identified a weekly diamond pattern, indicating a perfect storm for a rise. Watch out for any gap downs below $1.68 (we saw $1.51-$1.52 after hours) - these are just shakeouts orchestrated by market makers. Stay strong and don't let them fool you! Short Ratio as of May 5th, 2024, is at 22 days to cover or more, with short interest vs float/outstanding at 25% or more. Dark pool off-exchange trading is over 50%. We're on the brink of something big, and I'm more convicted on this trade than anything else I hold! Bolstering LAZR Bull Sentiment: Remember, we're also keeping an eye on the VIX, which further supports our bullish stance on LAZR. As the VIX falls, the stage is set for heightened bullishness in stocks like LAZR. The VIX's decline indicates decreasing volatility and rising confidence in the market, both of which are favorable for LAZR's upward trajectory. 📉 LAZR, LuminarTechnologies, EarningsSurprise, FallingWedge, StockAnalysis, BullishTrend, ShortRatio, DiamondPattern, TechnicalAnalysis, TA
NASDAQ:LAZR
by candlestickninja
🥷Candlestick Ninja Analysis: LAZR UpdateOverview: Luminar Technologies (Ticker: LAZR) has been on our radar for a while now, and it's time for an update. As always, we're looking for clues in the candlesticks to predict its next moves. This time, we're focusing on two potential trajectories: a breakout before earnings or a breakout spurred by an earnings surprise. Trajectory 1: Break Before Earnings (Bullish) Technical Analysis: LAZR has been showing signs of bullish momentum. Recent candlestick patterns indicate that buyers are stepping in, pushing the price higher. Look for patterns like bullish engulfing or hammer candles on increasing volume, signaling strong buying interest. Supporting Factors: Technical Indicators: Watch for key resistance levels being broken, like the recent breach of the 50-day moving average. Market Sentiment: Positive sentiment surrounding the company's technology and recent partnerships. Option Activity: Increased call option buying ahead of earnings, indicating bullish expectations. Potential Outcome: LAZR could experience a breakout before earnings, propelled by growing investor confidence and anticipation of positive results. Trajectory 2: Break from Earnings Surprise (Bullish Catalyst) Technical Analysis: While LAZR has seen some volatility, overall, the trend remains bullish. Keep an eye on how the price reacts post-earnings. Look for bullish continuation patterns like a flag or pennant forming after earnings. Supporting Factors: Earnings Potential: If LAZR delivers strong earnings and revenue growth, it could be the catalyst for a significant breakout. Short Interest: A high level of short interest could fuel a short squeeze if earnings exceed expectations. Industry Growth: The broader autonomous vehicle industry's positive outlook could contribute to bullish sentiment. Potential Outcome: LAZR might experience a breakout fueled by a positive earnings surprise, leading to renewed investor interest and further price appreciation. Conclusion: 📈 Both trajectories present opportunities for bullish movements in LAZR. A breakout before earnings could capitalize on existing momentum, while a breakout from an earnings surprise could provide a significant catalyst. Keep a close watch on key technical levels and market sentiment for clues on which trajectory is more likely to unfold. Remember, in trading, adaptability is key! 🕵️‍♂️
NASDAQ:LAZRLong
by candlestickninja
Ichimoku Resistance Turns Support, Key Levels AheadOn the 1-hour chart of LAZR, we observe significant technical developments for the trading day of 4/30/2024. The previous Ichimoku resistance has now turned into support, indicating a bullish sentiment. Key resistance levels to watch: $1.65: Strong resistance (confluence) $1.80: Moderate resistance (corresponds to .382 retracement from the rally, which occurred from approximately $3.60-$3.70 to the $1.20 low) It's worth noting that the last break below $2 was likely due to BoA manipulation, in the opinion of some traders. Once we break the $1.80 resistance, which serves as a significant psychological barrier, we could potentially see a squeeze on short positions, reminiscent of squeezing a lemon.
NASDAQ:LAZRLong
by candlestickninja
📈 LAZR Update: Pre-market at 1.5Good morning, traders! Let's take a look at our pre-market action for Luminar Technologies Inc (LAZR). As of the latest update, LAZR is trading at 1.5 in pre-market, and the price is holding steady at a crucial level. Chart Analysis: As indicated in the chart below, we are currently at a significant location. If we zoom in, you'll notice that LAZR has been consolidating in this area for a while now. The support level indicated by the recent lows has been holding up, suggesting strong buying interest. Key Points: Pre-market at 1.5: The pre-market price of 1.5 is encouraging, indicating positive sentiment among traders. Crucial Support: We are at a crucial support level as shown on the chart. Holding this area indicates the potential for further upside movement. Consolidation Phase: LAZR has been consolidating in this range, suggesting accumulation by investors. Technical Outlook: The technical indicators are showing signs of stabilization. RSI is holding around neutral levels, and MACD is showing a potential crossover.
NASDAQ:LAZRLong
by candlestickninja
LAZR Focused on $2.20, we need that break to Squeeze!Luminar Technology is facing intense pressure with short squeeze indicators like Short Ratio, Short vs. Float %, and Off Exchange Shorting % reaching 15 Days, 27%, and 53% respectively. It's primed for action! After breaking the initial barrier at $1.60-$1.70, we retraced to the previous support zone of $1.40-$1.44. Holding at $1.38 will signal the next move upwards, aiming for $2 psychological level once $1.70 is surpassed. The target area thereafter is around $2.20, with confirmation needed through intraday/intrahour closes. Following a retracement to $2.20 (a shotgun launch), the trajectory is set to reach $4 psychological level! LET'S DO THIS!
NASDAQ:LAZRLong
by candlestickninja
1
Luminar Technologies (LAZR) Intraday Analysis - 4/23/24Overview: Luminar Technologies (LAZR) appears to be forming a possible bullish diamond pattern, which could indicate a potential bullish reversal. Combining Fibonacci retracements and extensions with Elliott Wave Principle (EWP) counts, we'll explore potential price levels and patterns for today's intraday trading session. Chart Analysis: Bullish Diamond Pattern: The bullish diamond pattern suggests a potential reversal from the current downtrend. This pattern consists of two converging trendlines forming a diamond shape, with higher highs and lower lows within the pattern. If the pattern completes, it could propel LAZR towards longer-term targets around $3 or above. Fibonacci Levels: Using Fibonacci retracements and extensions, we have identified key support and resistance levels: Assumptive Fibonacci Ratio (White): From 1.21 to about $1.70, one of the next major resistance zones between $1.60-$1.70. Blue Fibonacci Ratios (Assumptive): Based on a runup to $2.93-$2.95, the 3.618 extension projected by the white Fibonacci extensions. These Fibonacci levels provide guidance for potential entry and exit points. Elliott Wave Counts (EWP): Intermediate EWP Counts (Green): Basic Elliott Wave counts have been applied to identify short-term trends and corrections. Primary Higher Order EWP Counts (Blue): Loosely applied Elliott Wave counts to identify larger market cycles. These EWP counts complement the overall technical analysis and help in understanding potential wave patterns. Potential Intraday Strategy: Entry: Consider entering long positions if LAZR breaks above the upper trendline of the diamond pattern with strong volume confirmation. Exit: Take profit at resistance levels indicated by Fibonacci ratios or at the upper boundary of the diamond pattern. Stop-loss: Place a stop-loss below the lower boundary of the diamond pattern to manage risk. Risk Factors to Consider: Market Volatility: Intraday price movements can be volatile, so ensure proper risk management. Pattern Failure: If the bullish diamond pattern fails to complete, be prepared to adjust the trading strategy accordingly. Conclusion: Luminar Technologies (LAZR) is showing signs of a possible bullish reversal with the formation of a bullish diamond pattern. By combining Fibonacci levels with Elliott Wave Principle counts, we have identified potential entry and exit points for intraday trading. However, it's important to remain cautious and adapt to changing market conditions.
NASDAQ:LAZRLong
by candlestickninja