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L2AZ34 trade ideas

Luminar Technologies $LAZR (bullish pennant) 🚀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. ############## Legal disclaimer: I am not a financial advisor. The advice here given is not a financial advice even though my excitement might make it look like such. This account shouldn't be followed by anyone expecting something from me. You trade at your own risk and nobody can guarantee you results. Even if someone could, I don't.
NASDAQ:LAZR
by ymarkets
1
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