If we don't break $1.32-$1.40 we run the risk of a fail to the $1.20 zone of the bottom of the channel! We need a VIX of sub $17 for me to be confident we will break out on Monday/Tuesday!
LAZR Should be breaking out, but this may happen first... I don't think we break below $1.25 but I always assign probabilities to events, we are in a probabilistic game here, this is never an exact level game, if you think it is you have already lost!
Bullish Diamond, once the VIX Breaks $17 we rip!
LAZR, OUST, MULN, ANY STOCKS you look at are being bogged down by a $17+ VIX, don't judge the stock, judge the systemic effect of the Fear Index on the market.
Bullishness on my end? Unchanged. Status, 100% very bullish all hands on deck, powder deployed, Let's Go!
LAZR Focused on a VIX $18 Support Break for this to happen...
Other than all of the other signs out there, the VIX as I mentioned yesterday bogging us down is what's happening, but I remain confident due to an insane "Short Ratio: Days to Cover" of 28+, that's 2 to 3x the days to cover many potent short squeezes present, i.e. AMC, etc.
Also the Short Interest...
Not the prettiest, with bottom angles that reflect more horizontal support than a diamond, but all indications tell me that this is an overshoot and the odd looking diamond is a base out or turning pattern, we should hop up into the $1.40+ range within a day or two.
Info and Edu purposes only, like all other analyses!
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Candlestick Ninja provides an update on LAZR with a strategic buy-in at current prices after being triggered out at $1.78/$1.79. Discover the plan to re-enter the market with 50% of powder at current levels and 50% at $1.35-$1.41, potentially waiting for premarket or early Friday action for half the trade. Despite potential manipulation, the bullish sentiment...
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Bullish divergence present on the 5day Fisher, but you really need to see price action hold above $2 for atleast another 5days. If it continues to get stuffed below $2, price will continue to fall long term. Maybe a base around 1.50. If it can hold above $2, $2.80-3 would be the next price target.
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