LAZR Luminar Technologies Update: Breaking Through Resistance Levels | 3/13/2024

Join me for a post-market close update on Luminar Technologies (LAZR) as we analyze its recent performance. LAZR has stalled at our 1.90-1.94 turning point, marking what appears to be the end of a falling wedge pattern. Our next target is to break significantly above $2.40 and surpass the trend line resistance of our falling wedge. From there, we'll be eyeing resistance levels at $3.40-$3.50 and $5.50-$5.75, with a potential rise to $10 psych in the cards. Keep an eye on our open short interest, currently at over 27%, as this could contribute to future volatility. #LAZR #LuminarTechnologies #TechnicalAnalysis #ShortInterest #MarketUpdate

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