Hello fellow traders and investors, here's another trade idea. LAZR has recently pulled back to the IPO price or in this scenario the support zone. If LAZR makes recovery to its previous high it offers a little bit over 65% ROI
Technicals: The Macd indicates that LAZR is oversold The Macd indicates that LAZR is still in a downtrend The Ema's indicate that LAZR is still in a downtrend
When To Buy: When EMA's crossover When the Macd indicates a reversal by crossing its EMA
When To Sell: I recommend selling at its previous high which offers a 65% ROI.
Fundamentals: LAZR engages in making autonomous driving safe and has been backed by top-tier investors. I believe this company is set to grow since they occupy a sector that is greatly going to be needed in the next decade. Their fundamentals are messy and not great however they are a relatively new company.
I hope you enjoyed this quick analysis and many more to come. If you enjoyed leave a like and follow, Thanks.
This stock is a long sleep, please wake up we are loosening money.
UnknownUnicorn11084119
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@msattar56789, This idea is intended to serve as a trade idea for the short-term price movement of LAZR. LAZR is trading at 479 P/S there is no way I would partake in a longer-term investment in LAZR and as I said in the description I find the fundamentals to be very messy as in not great.
msattar56789
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@TradeTheTrends, I have an option trade. So?
UnknownUnicorn11084119
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@msattar56789, Did you buy calls? And what do you mean by so?