NASDAQ:LAZR   Luminar Technologies, Inc
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 the first TP it offers a 55% ROI and the second TP a 95% ROI .

Technicals:
The Macd indicates that LAZR is oversold
The Macd indicates that LAZR is still in a downtrend
The RSI indicates that LAZR is oversold

When To Buy:
When the Macd crosses its moving average and when it breaks above the upper trendline.

When To Sell:
I recommend selling at either of the take-profit areas.

Fundamentals: LAZR engages in making autonomous driving safe and has been backed by top-tier investors. A P/S of 366, debt/equity of 0, sales Q/Q of 37%, an EPS growth Q/Q of -367%, they aren't profitable and have a short float of 5%.

Rating: 65/100, they have decent technicals however they aren't yet profitable so I think a 65/100 is reasonable.

I hope you enjoyed this quick analysis and many more to come.
If you enjoyed leave a like and follow, Thanks.

Comments

IMHO 24.64 should be your 1st profit taking point.
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@mkarabukaev The first take profit was a common key level and the one your suggesting is only a lower low, it’s just personal preference.
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mkarabukaev TradeTheTrends
@TradeTheTrends, it just looked to me as 1st supply level. but dont take my word for it)))
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Once it touches the $13s the bouncing may start.
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Bottom is in.
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@clknkeun It headed lower and no support in sight.
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ditizee clknkeun
@clknkeun, unfortunately another red day today!
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Now there is indicators.
Reply
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