Luminar Technologies (LAZR) is showing attractive price action with an inverse head and shoulders present on the daily chart.
Its founder, Austin Russel, has recently bought stock worth $8.9m, which is relatively insignificant, nevertheless it it is adding to the bullish momentum.
Significantly, Finviz data shows a 27% short float, so we could be looking at a squeeze in the near term.
We are expecting LAZR to trade in double digits in the near term (unless the market pukes).
Its founder, Austin Russel, has recently bought stock worth $8.9m, which is relatively insignificant, nevertheless it it is adding to the bullish momentum.
Significantly, Finviz data shows a 27% short float, so we could be looking at a squeeze in the near term.
We are expecting LAZR to trade in double digits in the near term (unless the market pukes).