LAZR trade ideas
LAZR ready ?Broke out of descending channel and is consolidating inside a rectangle.
I am watching price breaking and staying above 18.00
Calls: Above PM or 18.00
Targets: 18.81 - 20.15 - 22.10 - 23.90
$LAZR | 1/3 - 1/7 $LAZR +17.5
(Over 17.5 for calls)
Rationale: On Jan 5, Luminar Technologies holds a joint press conference at CES with Volvo Cars to discuss their vision of the future of automotive safety and autonomy. Shares of Luminar have rallied in the past after media appearances.
Does lidar have a future? LAZRLuminar Technologies, Inc. - the company operates in two segments: developing sensors and software for cars and commercial trucks, and creating integrated circuits for government agencies and defense contractors. In the first segment, the company develops, manufactures and sells lidar sensors and related software for use in driver assistance systems, building autonomous driving systems. Founded in 2012 Headquartered in Orlando, Florida. Revenue $ 8 million (III quarter of 2021). Capitalization $ 5.25 billion
Luminar announced at the November 9 NVIDIA GPU Technology Conference (GTC) that it has been selected as the supplier of lidars for NVIDIA's AI-powered autonomous driving system. The DRIVE Hyperion AI vehicle platform is slated to launch in 2024.
Stocks reacted with growth of 20% (during the session, the growth reached 40%).
Lidar (laser radar) is considered by most automakers to be one of the key technologies for self-driving. With Luminar technology, Nvidia has everything it needs to build a system: sensors, computing hardware, and software.
However, Tesla has abandoned the use of lidar in its system; at Elon Musk's company, the autonomous driving system is built on cameras and a radar, the focus is on computer vision. And lidar, as the founder of the company said, is a waste of time and everyone who rely on it is doomed and that expensive sensors are not needed.
Investors do not yet have much faith in the future of technology either.
The partnership with one of the world's leading computational developers holds great promise for Luminar, as the autonomous driving market will reach hundreds of billions of dollars in the future.
Given a modest capitalization of $ 5.25 billion, Luminar shares have every chance of showing multiple growth over 5-10 years if Nvidia's platform succeeds with Luminar technology on board.
According to the results of the III quarter. revenue increased by 89% year-on-year to $ 8 million against the forecast of $ 8.89 million. Total operating expenses more than tripled YoY to $ 67.4 million.
Wall Street analysts are cautiously optimistic about the $ LAZR stock, with a Moderate Buy consensus. Average target price - $ 26 (upside 80%).
🔧 Trade to bounce off the support level ($ 14).
The instrument approached a strong support level at the daily and weekly TF.
1) Approaching the level through a deep retracement from the moment of the previous touch.
2) Buyback from the level, closing the instrument not under LOW.
3) Approach with a long candle.
4) No recoil fall> 35%.
I expect a rebound from the level and the formation of a local rebound.
Long from $ 14.25-14.5
Goal 1: $ 15.9
Goal 2: $ 16.9
Stop below $ 14
NOT IRR.
LAZR clean chartLAZR looks like a buy on the weekly but maybe a LT bucket with the future of cars using LIDAR
$LAZR Bullish Shark reversalNice harmonic reversal at support with bullish divergence. Reaction low, confirmation low, with hidden bullish divergence implying a continuation up.
LAZR LEGENADARY DRAGON ?!LAZR finally looking like its found its bottom
a potential dragon on the daily and even on the weekly
this would produce massive gains if it turns out to be the case.
either way this is a name to def add to the watchlist. up significantly today look for retrace to get entry.
on its way to test 20 clearly at the very least
LAZR- Options PT $16 PUTVery clear ..you cannot take all pips. Looks like buyers are not raising hands. PT $16.16. THIS IS NOT A FINANCIAL ADVISE.
Falling Wedge- BullishBroader market conditions permitting, will be looking for a breakout from this falling wedge, just some FIB levels and some RSI based supply and demand zones to keep an eye on- bullish
- Bollinger bands are squeezing
- Oversold on the RSI
Weekly Bullish Divergence and Falling Wedge at 786 RetracementWe have both Hidden and Classic Bullish Divergence at the 0.786 retrace and a Falling Wedge Visible on the Weekly Timeframe.
LAZR LongThis formation usually always breaks up, target $40.
Plus good news last week with Volvo partnership.
Not confirmed till break above $26, stop loss at lower low.
Lazr bear flag (Short it)Why is this a bear flag and not a ascending triangle? the answer lies in the initial entry of the triangle. Ascending triangles require a entry from below while bear flag have poles or candle sticks coming from above.
showing 3 black crows candlestick pattern📈
Gap down and closed below 50 ma and 200ma in one day📈
closed below trendline📈
Selling volume increased📈
LAZR Ascending Triangle - Perfect Buy in LevelGreat starter position can be made on LAZR premarket.
If we hold this level, I will be entering a starter size position until my main entry of 26.48.
Stop loss: 21.92
LAZRInside bar on the daily timeframe. Only a 1:1 risk to reward here but clear targets both up an down. Even if the lower trend line line is tested around $22 the set up is still valid until its lost on the daily timeframe.
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.
