LAZR trade ideas
LAZR Breakout ComingAfter soaring over 400% in December, Luminar Tech shares have consolidated and I think this means another breakout is coming. I was slightly disappointed when they formed a beautiful bullish flag and they did nothing, but I haven't given up on them yet. They are forming another wedge and they may break out soon. Also, the MACD indicator looks pretty golden. Hold for around two weeks or until they break out. Good Luck!
$LAZRLAZR with the textbook breakout of wedge & TTM squeeze, almost looks too easy, that's when things take a turn, i'm still in it & there is high short interest. See how the week plays out
LAZR Classic continuation patternSymmetrical triangles - a classic continuation pattern of an up-trending stock in its 3rd/4th stage base. Most commonly found in wave 4 of the 5 wave impulse move. This is my favorite set-up because of how simple it is. Minimum target is the size of the height of the triangle placed on the point of the breakout.
$LAZR - HERE WE GO!If it can hold the .50 cent barrier, which is a psychological hurdle, them $38 is next. Past $39.50 there's not much resistance.
$LAZR - Creeping on a R2G dayR2G and now creeping up to that resistance line. Let's see if it can break through today.
LAZR Bullish BreakoutI used gan fan 8/1's as the flag support and resistance and excluded the unneeded counterparts of the fan. This use of the Gann fan recently worked out for me very well for the PLTR breakout, which shares many similarities to this particular breakout. I believe the breakout has just begun and I predict a conservative 32% ($47.49) upward move or an optimistic 75% ($73.22). Please comment with any questions or suggestions!
$LAZR - Keep an eye on this for a break higherHave been in this as it breakout of the wedge it was forming recently. Now looks like it wants to breakout of this range.
LAZR - Bullish Flag LongHello Traders!
Here we have a great set top for a bullish flag with high volume! cloned uptrend line with best outcome reaching the top of our trend line.
Comment below what you think!
LAZR: The shakeout is probably finished. New highs aheadI am underwater some LAZR calls I bought at 35 and 38 but will be adding to those today (Mar 35s). I like the look here for a rebound. Let's see if it works
$LAZR Breakout Soon - Stoch RSI is oversold.
-RSI has been consolidating for some time now.
-MACD looks like its about to cross over to the buyers side.
- Price has been hovering at the 618 level.
Somebody doesn't want $LAZR above $35 Over the past few days, there appears to be violent and sudden selling pressure every time LAZR hits the 34.5 to 35 area. This leads me to believe that someone large is short selling the stock right now. It also increases my confidence that this LAZR will take off if any positive news catalyst occurs, forcing shorts to exit their position.
