LAZR Focused on $2.20, we need that break to Squeeze!
Luminar Technology is facing intense pressure with short squeeze indicators like Short Ratio, Short vs. Float %, and Off Exchange Shorting % reaching 15 Days, 27%, and 53% respectively. It's primed for action!
After breaking the initial barrier at $1.60-$1.70, we retraced to the previous support zone of $1.40-$1.44. Holding at $1.38 will signal the next move upwards, aiming for $2 psychological level once $1.70 is surpassed. The target area thereafter is around $2.20, with confirmation needed through intraday/intrahour closes. Following a retracement to $2.20 (a shotgun launch), the trajectory is set to reach $4 psychological level!
LET'S DO THIS!
After breaking the initial barrier at $1.60-$1.70, we retraced to the previous support zone of $1.40-$1.44. Holding at $1.38 will signal the next move upwards, aiming for $2 psychological level once $1.70 is surpassed. The target area thereafter is around $2.20, with confirmation needed through intraday/intrahour closes. Following a retracement to $2.20 (a shotgun launch), the trajectory is set to reach $4 psychological level!
LET'S DO THIS!