LAZR - Big "W" pattern but a BIG GAMBLE Long

Luminar Technologies, Inc.NASDAQ

Description

⋅ Apr 6, 2021 3:26 AM

NOT FINANCIAL ADVICE

For speculation of chart pattern only, I am not buying this but simply spotting the pattern.

For those that think I'm late to this party, see my past ideas.

Trade closed: stop reached

⋅ Apr 8, 2021 4:21 AM

This humorous idea was invalidated.

Comment

⋅ Apr 29, 2021 3:12 PM

Tons of volatility, playing a crossing ema strategy on this one could have helped the newest of traders. Going to post a video soon explaining how.

Chart Patterns gamble

Comments

akarimaghaloo

⋅ Apr 7, 2021 6:47 PM

party is not started yet bro! I am afraid you start partying a bit soon ;)

rolledchange

⋅ Apr 7, 2021 8:05 PM

@akarimaghaloo, lol so true, I'd rather be late than early though. Thank you for the laugh! Considering current move, looking more like a failed attempt and possible bear flag if things continue.

Cheers!

akarimaghaloo

⋅ Apr 7, 2021 8:44 PM

@rolledchange, fundamentally it is amazing though. I believe $22 is a good discount for LAZR in the long run. I got 6 call $12.5 exp Dec 17 @ $11.40 so break even is $23.90

rolledchange

⋅ Apr 8, 2021 2:14 AM

Nice position! I sold too many shares when it was gmhi, collected nearly 80% from my 10.17 entry, then saw it over 40 just a short time later and that was when I knew the market was in for a correction. Happy to see I may get another shot!