LAZR Short Interest & Bullish Diamond Formation on 4H Timeframe - June 5 2024 - Ninja = Very Bullish

In this video, we analyze LAZR Luminar Technologies' short interest and bullish patterns as of June 5th, 2024. We recently completed a bullish intraday diamond on the 4-hour timeframe and are basing out at key Fibonacci support and resistance levels. To break out of the May 2022 falling wedge, we need to push past the $2.50-$3.00 range. Current short squeeze figures look promising:

Short Interest: 95,622,129 shares (Source: NASDAQ)
Short Interest Ratio: 31.57 Days to Cover
Short Interest % Float: 28.59% (Source: NASDAQ, Capital IQ)
Off-Exchange Short Volume: 2,150,288 shares (Source: FINRA, including Dark Pool volume)
Off-Exchange Short Volume Ratio: 65.20% (Source: FINRA, including Dark Pool volume)
Stay tuned for detailed technical analysis and price targets!

Disclaimer: This video is for educational purposes only and does not constitute financial advice. Always do your own research before making any investment decisions.

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