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TheTravel1ngTrader

LAZR breakout imminent! Buying opportunity!

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Luminar Technologies, Inc. (NASDAQ:LAZR)  
TheTravel1ngTrader  
NASDAQ:LAZR   Luminar Technologies, Inc.
Pennant Moving Averages Trend Analysis lazr luminar luminartechnologies breakout Divergence Bullish Patterns Stocks stocksignals thetravelingtrader
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pennant movingaverage trendanalysis lazr luminar luminartechnologies breakout divergence bullish stocks stocksignals thetravelingtrader
$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 pennant
Profit targets: $38, $40, and $45
SL: $29
Aviso legal

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