What was support is now resistance. DangerousBroken support now flipped into resistance. Wait till to see if the price breaks this resistance and can retest as support.
LAZR trade ideas
Buy $LAZR - ABCD Correction Wave 12-01-21The following idea is for information purposes only.
Possible entry @$32
1st Target Exit @39
2nd Target Exit @48
This is not financial advice.
Big Drop IncomingBreakdown of support so watch for more red waterfalls to continue. Falling knife bag holders of luminar are moving to cryptos . Failed breakouts and loss of buyers confidence. I smell crash and dumpster fire.
$LAZR in a gorgeous breakout pattern.$LAZR trading above the yellow 50 S.M.A. Formed a beautiful bullish pattern getting ready for a breakout any day now. Loving the setup on this one.
Short Term Target Area: 46
Short Term Target Area: 55
LAZR: WEDGE ABOUT TO BREAKLAZR :
Nice consolidation within a symmetrical triangle / wedge . Ready to break.
A break to the upside would give us a first potential target of 46.50 usd +
Wait for confirmation before entering as it could also break to the downside.
One concern: the 200 MA is quiet far.
But I'm leaning slightly bullish based on the Tenkan support (Blue line-Ichimoku).
Trade safe.
LAZR - MS starts coverage PT $40EVs are hot. Lidar is hot. LAZR leads Lidars.
Symmetrical triangle breakout.
ABCD \ Lightning pattern long optional entry LAZR - see chart for trigger + targets, as w anything wait for bullish pa at trigger, ie pin bar, engulfing candle, inside bar, always look for volume, keep in mind they will used gap downs to or just below patterns notoriously..i use 4-5 point stops on abcd's back over 10-20 day ma's she will rip
LAZR Finally Chose The Down Side of Flag, Quick Reversal In PlayLAZR finally chose a direction on the flag. Looks like a good chance to play a reversal if it can close above 31. Still see more downside before up in the long term.
LAZR Symmetrical Triangle TradeSUPER Bullish on this
RSI Double Bottom Divergence while the chart has higher lows
Symmetrical triangle with decreasing volume (usually follows previous trend)
Green Doji candle with a close over $30 which is a big resistance
We will have to see tomorrow what happens but overall price target is 55-60
LAZR Elliot Wave Prediction, (Pennant/Symmetrical Triangle)LAZR has been forming a pennant/symmetrical triangle formation while the volume has been declining.
The final price target after breaking out from this pennant is $68-$70 based on range boxes and extending the original bull run pattern
I think that LAZR will hit $50 before pulling back to $40 and then it will continue on its run up to 65-70
This is also my first time using elliot waves to predict something, any feedback would be nice!
Lazr showing pennant Thought the breakout would come thursday.. Had to move the goal post a little. would really wait until 36.75 (Green line for entry).
1st target 39.70
LAZR: Coil / VCP with Volume Drying UpThe concept of tightening price action, lower highs and higher lows, along with volume declining, will often lead to a breakout that follows in the direction of the prior trend. William Jiler in 1962 referred to this as a coil. Mark Minervini describes similar price action as a volatility contraction pattern (VCP). It is also known as a symmetrical triangle.
$LAZR Luminar Tech reverses on TSLA Rumour
LAZR outperformed the sector and market on Tuesday on the
back of some speculation linking to TSLA, lets see can that carry through today.
The 20ma held strong yesterday as support.
Rising trendline well respected.
Volume also increased impressively .
Sloping downtrend is first major obstacle.
Fibonacci Golden pocket will then be second target.
