Using the parabolic glitter indicator we can see some pretty nice displays of price rises for this pair
Price has returned to the long term up trend acting as a support
This is also around the 0.236 fib
Very good long
LAZR has been consolidating for some time now waiting for a big move either way, sitting in a nice bullish pennant watching for a retest to that downtrend resistance line and a clean breakout confirmed with an increase of volume to retest ATH.
Key levels:
Support: 31.83, 30.17, 29.50
Resistance: 33.57, 34.50, 36.21, 38.43, 39.50
Options Contracts to consider:...
This is going to pump. Perfect place to add
What do they do? Right from their website:
Luminar (Nasdaq: LAZR) is an autonomous vehicle sensor and software company with the vision to power transportation by delivering the only lidar capable of making them both safe and ubiquitous.
They are the key ingredient in autonomous vehicle revolution. To the moon, Gagarin style.
LAZR- sitting in a bullish pennant, barely broke out last Friday near closing time. Currently in my wave 3 of 3. After this month long correction period we could see a nice breakout to retest ATH, keeping an eye on that breakout line. Low volume throughout the past month signaling a reversal coming. If we see an increase of volume this will be confirmed...
VLDR in a nice cup and handle pattern, Looking for a breakout of the handle to retest ATH. We could see a nice run up all the way to earnings coming up, with news coming out on developing next generation autonomous trucks and plans to accelerate commercialization of self driving trucks in China. Trading plan annotated in the chart. Minor resistance around 26 over...
LAZR :
Nice consolidation within a symmetrical triangle / wedge . Ready to break.
A break to the upside would give us a first potential target of 46.50 usd +
Wait for confirmation before entering as it could also break to the downside.
One concern: the 200 MA is quiet far.
But I'm leaning slightly bullish based on the Tenkan support (Blue line-Ichimoku).
Trade safe.
