Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>LAZR stock price is near $4.00 support which is a YTD low.</a> </li> 
 <li> <span>2</span> <a>Luminar stock price recovered 10% after hitting a 52-week low.</a> </li> 
 <li> <span>3</span> <a>Luminar Technologies, Inc. stock might show pull back to the 50-day EMA.</a> </li> 
</ul> 
<p>Luminar Technologies, Inc. LAZR stock price recovered approximately 10% in the last two trading sessions. It tested the YTD low at $4.00 and showed a bounce.&nbsp;</p> 
<p>Luminar stock is highly oversold so the short sellers look reluctant to create further shorts. If the recovery continues then short sellers might panic and square off their positions.&nbsp;</p> 
<p>Luminar Technologies’ stock price is in a downtrend and trading far away from the 50-day EMA. So a pullback rally might trigger any time to test the EMAs.&nbsp; In the last two months, LAZR stock price has fallen miserably by forming lower lows candles. It lost the confidence of investors and hurt the investors’ sentiment.&nbsp;</p> 
<p>Previously, at the beginning of 2023, LAZR stock price took support near $4.00 and showed a V-shape recovery. So, investors are expecting that a similar kind of pattern might get repeated.&nbsp;Luminar stock price had eroded the complete gains generated in 2023. It indicates that investors have turned bearish for the next year and prefer to exit the stock from higher levels.&nbsp;</p> 
<p>Luminar Technologies, Inc. stock price closed the previous session at $4.39 with an intraday rise of 3.78%.</p> 
<h2 class="wp-block-heading" id="strong-lazr-stock-price-prepares-for-pull-back-rally-strong"><strong>LAZR Stock Price Prepares For Pull Back Rally?</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img decoding="async" loading="lazy" width="1024" height="434" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-981-1024x434.png" alt="LAZR Stock Near $4; Luminar Stock Short Sellers Be Careful" class="wp-image-172134" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-981-1024x434.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-981-300x127.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-981-768x325.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-981-1536x651.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-981-750x318.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-981-1140x483.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-981.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   NASDAQ: LAZR daily chart by <a href="https://www.tradingview.com/x/YJ29IVHC/">TradingView</a>
  </figcaption>
 </figure>
</div> 
<p>LAZR stock price is in a correction phase but the price is near the crucial support so the downfall might take a halt.&nbsp;</p> 
<p>The buying volume is not rising but the price reverses upward indicating that fresh buyers are not active. The recent move is due to the short sellers so the probability of sustaining the higher levels is quite low.&nbsp;</p> 
<p>Till the Luminar <a href="https://www.thecoinrepublic.com/2023/09/07/lazr-stock-sheds-over-34-is-a-reversal-impossible/" target="_blank" rel="noreferrer noopener">stock price</a> is trading below the $6.20 level. It is expected to remain in the bears’ grip. However, at present price is near $4.00 so a 20% to 30% relief rally is possible.&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-luminar-stock-price-analysis-risk-of-squeeze-is-high-strong"><strong>Luminar Stock Price Analysis: Risk Of Squeeze is High</strong></h3>  
<div class="tradingview-widget-container"> 
 <div id="tradingview_6ea73"></div> 
 <div class="tradingview-widget-copyright">
  <a href="https://www.tradingview.com/" rel="noopener nofollow" target="_blank"><span class="blue-text">Track all markets on TradingView</span></a>
 </div> 
 <script type="text/javascript" src="https://s3.tradingview.com/tv.js"></script> 
 <script type="text/javascript">
  new TradingView.widget(
  {
  "width": 950,
  "height": 500,
  "symbol": "NASDAQ:LAZR",
  "interval": "D",
  "timezone": "Etc/UTC",
  "theme": "light",
  "style": "1",
  "locale": "en",
  "enable_publishing": true,
  "allow_symbol_change": true,
  "studies": [
    "STD;Supertrend"
  ],
  "container_id": "tradingview_6ea73"
}
  );
  </script> 
</div>  
<p>Luminar stock price is bearish on multiple time frames. But due to heavy short positions the risk of squeeze increases substantially.&nbsp;</p> 
<p>Meanwhile, the tech sector stocks are turning mild bearish. Therefore, it might disturb the market sentiment and negatively impact the <a href="https://www.thecoinrepublic.com/2023/09/07/lazr-stock-sheds-over-34-is-a-reversal-impossible/">LAZR shares</a> in the coming months.&nbsp;</p> 
<p>The MACD curve is below the zero line but reversing upward indicates short-term bullishness. The RSI curve at 30 recovering from the oversold territory and may reach the neutral zone.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>Luminar Technologies, Inc. LAZR stock price recovered 10% in the last two trading sessions. However, the up move is due to the exit of short positions. Luminar stock price is near to the YTD lows so the risk of squeeze is high.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Technical levels</strong></h4> 
<ul> 
 <li>Resistance levels: $6.22 and $8.32</li> 
 <li>Support levels: $3.92 and $3.00</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

LAZR Stock Near $4; Luminar Stock Short Sellers Be Careful

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