Laser Focused on a $2 break and it's no coincidence this is the first next options chain strike price.
Man those options pricing models are perfect algorithms to bend us over and.... well you get the drift. Let's go $2++ gets us $2.30
Three levels of our smaller wedge top, we need the 1.618 broken to start smoken!
Earnings after hours today, but we really want to pop before then, we may get a 1.80-$2 late day spike as people load up and shorts cover before the storm!
Get ready for an exciting week ahead with LAZR Luminar Technologies! We're seeing the upside earnings surprise being priced in, coupled with a massive falling wedge that's about to break out above $1.70 and then soar to $2.00-$2.20 on the second wedge.
LAZR Analysis:
Earnings may be the catalyst for this breakout, but that's not all. I've also identified a weekly...
Overview:
Luminar Technologies (Ticker: LAZR) has been on our radar for a while now, and it's time for an update. As always, we're looking for clues in the candlesticks to predict its next moves. This time, we're focusing on two potential trajectories: a breakout before earnings or a breakout spurred by an earnings surprise.
Trajectory 1: Break Before Earnings...
LAZR May be pricing in a big rally preearnings - They have -900 million earned and - 1.4 something EPS currently. They began shipping orders and I assume they do accrual accounting (very good assumption I should look eh?) thus any shipments even on net 60-90 invoices will be revenue calculated against expenses and increase bottom line.
This f...king thing may go...
Very bullish candle formation, VIX continues to fall towards 14, lets go!
A lot of great news today regarding the tech and its need for TESLA and many underevolved American EV companies!
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...
LAZR Possible wedge breakout trajectory... We are stalled with a basing VIX that should still continue downward at the end of a wedge we made our way back in post overshoot below 1.40 due to BoA manipulation...
yup they are wrong and that was their market makers and them working together so they could screw us but not me! long 200+ may 3 to 17th calls and more stock.
When the vix BREAKS $15 and we break $1.50 we fly on LAZR Luminar Tech.
High lending rate on options, margin accounts, 32 days to cover and 26% short vs interest float on LAZR and 45-50% off exchange shorting.
Lets go! CandleStickNinjaTV
Good morning, traders! Let's take a look at our pre-market action for Luminar Technologies Inc (LAZR). As of the latest update, LAZR is trading at 1.5 in pre-market, and the price is holding steady at a crucial level.
Chart Analysis:
As indicated in the chart below, we are currently at a significant location. If we zoom in, you'll notice that LAZR has been...
candle was enough to get a profit taking dip today, but is NOT a bearish piercing candle as it does not encroach 50% into the body and it has a bullish bottom wick.
The retracement that happened today to .618 from our 1.20 lows was exactly .618
Many may call today bad, but no way was it, we did the neccessary 4% drop we needed today to hit said levels....
LAZR seems to be plotting a distorted triangle and we are close to .618 and have technically tested it already, we may hit 1.34 again and then rise.
P.S. Squeeze figures are still in range, 27%, 15 days to cover +/- 1-2 days which is immaterial at double digits, and 53%+ off exchange dark pool shorting.
Info and Educational Purposes Only.
CandlestickNinjaTV on YT
GLTA!
Luminar Technology is facing intense pressure with short squeeze indicators like Short Ratio, Short vs. Float %, and Off Exchange Shorting % reaching 15 Days, 27%, and 53% respectively. It's primed for action!
After breaking the initial barrier at $1.60-$1.70, we retraced to the previous support zone of $1.40-$1.44. Holding at $1.38 will signal the next move...
Overview:
Luminar Technologies (LAZR) appears to be forming a possible bullish diamond pattern, which could indicate a potential bullish reversal. Combining Fibonacci retracements and extensions with Elliott Wave Principle (EWP) counts, we'll explore potential price levels and patterns for today's intraday trading session.
Chart Analysis:
Bullish Diamond...
Assuming we don't break $1.44 today and hold, we may see $1.38 .382 retracement from the recent run-up (today/tomorrow) and then $1.44 break by tomorrow or Thursday. (White Line)
I think we break it today though. If we do then my alternative retrace will be from around $1.60 (Green Line)
Always for Educational and Informational Purposes Only!
