Get started

Lazr

5 stocks with impressive moves for the week of 18.01-22.01.2021Making a different kind of post here as we had a really impressive week especially for a couple of stocks that caught the eye. First starting with Luminar Technologies $LAZR. For some time this stock has been on the radar of investors and traders and there is a reason. Not only promising perspectives for the company but the presence of a symmetrical triangle. Volumes are low as the figure is still forming and Yesterday we closed with a slight breach of the figure. I would wait for further development of the price as the volume on Friday's push wasn't that impressive. But definitely keep watching that one. Next up is NIO INC $NIO. The next promising company in the electric vehicles market. For some time it stayed quiet with low volumes during the formation of the symmetrical triangle. Activity picked up recently and the news from Friday that Nomura initiated a buy for the stock with a target of $80 really gave the price a boost. We are in continuation of the uptrend with currently no reason to pass this stock from your portfolio. Moving on to Palantir Tech $PLTR. Impressive breakout of the triangle here as well. A stock that has been mentioned a lot this week and was on the watchlist of a lot of traders and investors. Strong push supported by volume not seen in December 2020. Complete full candle with even no attempt to sell the top. If you've missed this impulse you'd better wait for a correction, but this stock is starting to make a name for itself in early 2021. Number four - FUBOTV INC $FUBO. The plans that were announced earlier in January for the company to acquire Vigtory really made an impact. The company rose 120% in the following days. That rise was then covered and we are in a consolidation, but volumes are talking about the strong activity. This is still hot, so keep an eye on the triangle as we are heading towards the upper resistance. And lastly, but not least - Gamestop $GME. With multiple halts on Friday's session, this stock jumped 80%. Some would say that the flag before that was the omen, but the battle between retail, investors, and Citron Research raged on. 134 million shares were traded according to Bloomberg stats. A backlash against Citron by bulls over its views on the Grapevine came to a head-on Friday when the short seller said it will decline to comment on the stock following the actions of "an angry mob". Have in mind that a couple of days ago insider sales in GME saw big activity. The stock market never ceases to amaze me... Thrilling action to tease your eyes and to temper with your nerves.
NYSE:GME
by DailyChartist
5
LAZR entry with minimal riskLAZR failed to breakout from the triangle and continued on sideways move within a clear channel after that pattern was completed. LAZR is now on the channel support as well as the support of the 21-ema and 14-ema. Seems to be a good place to enter a position because if the price breaks below the support you can exit the trade with minimal harm. Other indicators are not very helpful here since they show mixed sentiment, so we can rely on the support and emas until the indicators start aligning themselves and giving clearer signals. Share the love: If you get anything out of this TA, please like the chart so it moves up and others can benefit from my work. A simple click on the like button goes a long ways. Follow for more: I have an outstanding winning rate (check my other charts). If you want the best entry/exits just follow me, you won't regret. Thanks a lot! ***The ideas shared here are my opinion, not financial advise to place trades. Please do your own research before buying/selling stocks***
NASDAQ:LAZR
by Safe_Trades
17