LAZR trade ideas
LAZR update 4HRLAZR- sitting in a bullish pennant, barely broke out last Friday near closing time. Currently in my wave 3 of 3. After this month long correction period we could see a nice breakout to retest ATH, keeping an eye on that breakout line. Low volume throughout the past month signaling a reversal coming. If we see an increase of volume this will be confirmed breakout.
Support levels: 33.70, 32, 29.61
Resistance Levels: 34.30, 36.25, 38, 39.70
LAZR PennantIf LAZR can breakout of this bull pennant it's been trading in, it should continue to run upwards. otherwise, a retracement to the bottom of support would be a great entry, as RSI looks like it needs to cool off as well.
Luminar Technologies $LAZR (bullish pennant) 🚀Luminar Technologies $LAZR seems to be bullish in the 4H timeframe.
I don't like what I draw in this chart (2 pennants in one 😄) but it could predict technically what's going to happen.
The price target might be between $45 and $63.
We will see...
Your comments are welcome.
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Legal disclaimer: I am not a financial advisor. The advice here given is not a financial advice even though my excitement might make it look like such. This account shouldn't be followed by anyone expecting something from me. You trade at your own risk and nobody can guarantee you results. Even if someone could, I don't.
setting up for a huge move wait for a break Follow me for more clean chart but keep this on watch as we are waiting for this to make a move to the listed Price targets which are the blue lines. YOU HAVE TO WAIT FOR THE BREAK
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$LAZR - Month Long Bull Pennant Breakout$LAZR has been consolidating for quite some time - last friday we saw a breakout.
Given continuation, my upside targets are as follows:
TG1: 37.34
TG2: 39.72
TG3: 42.71
TG4: 46.29
TG5: 50.22
Invalidation under: 29.46
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$LAZR - ready for it? Supportive: MACD, Stochastic, ATR and chicken beak plus break of DT
Alert set for $35.44
could be my option play this week
6/10 bull on this one
$LAZR Long!- Lazr update it is following the triangle its in it might be a diffrent count but almost all alt counts show this a full on long
- I see a triangle pattern along with it bouncing off support
- First target is 40 after that i see ATH
The beginning of wave 3 on LAZR!Great setup here on LAZR with the 1,2 count already in and a bull pennant formed
Minor Resistance: 35.07-35.71
Major Resistance- 39.87, 46.25
Stop loss: If I see a breakdown of the bull pennant pattern I will take loss
I am looking to enter at open if price holds the 9 day ema on the 3 and 5 minute time frames
LAZR about to break wedge 🚀 Get your moon boots readyAdded to this position today, looks ready for takeoff to me.
LAZR entry with minimal riskLAZR failed to breakout from the triangle and continued on sideways move within a clear channel after that pattern was completed. LAZR is now on the channel support as well as the support of the 21-ema and 14-ema. Seems to be a good place to enter a position because if the price breaks below the support you can exit the trade with minimal harm. Other indicators are not very helpful here since they show mixed sentiment, so we can rely on the support and emas until the indicators start aligning themselves and giving clearer signals.
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***The ideas shared here are my opinion, not financial advise to place trades. Please do your own research before buying/selling stocks***
consolidation modelooks like we are stuck here, wait for a clear breakout of either trendline. dont pull the trigger too early here imo. could get stuck holding a bag :S goodluck
LAZRMID-TERM: Breakout of triangle, hidden bullish divergence developing on the daily. Risk management seems easy here. (Not financial advice)
