On 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.
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.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.