Analyzing the options chain and the chart patterns of LAZR Luminar Technologies prior to the earnings report this week,
I would consider purchasing the 2.50usd strike price Calls with
an expiration date of 2024-8-16,
for a premium of approximately $0.59.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
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
Luminar Technologies, Inc. - the company operates in two segments: developing sensors and software for cars and commercial trucks, and creating integrated circuits for government agencies and defense contractors. In the first segment, the company develops, manufactures and sells lidar sensors and related software for use in driver assistance systems, building...
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:...
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...
Luminar Technologies $LAZR seems to be bullish in the 4H timeframe.
I don't like what I draw in this chart (2 pennants in one 😄) but it could predict technically what's going to happen.
The price target might be between $45 and $63.
We will see...
Your comments are welcome.
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Legal disclaimer: I am not a financial advisor. The advice here given...
$LAZR (Luminar Technologies) is on the verge of breaking out of the bullish pennant. Playing this breakout is relatively easy since you can set your stop limits close to your entry. LAZR has been holding the 21 EMA for a month, which is a good sign. RSI and StochRSI are curling up. There is hidden bullish divergence here as well.
Entry: close above the...
