Long

LAZR trend breakout and early recovery phase

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Luminar Technologies (NASDAQ: LAZR) is showing the first signs of trend reversal after a prolonged decline. On the daily chart, the price broke the descending trendline and confirmed a breakout around the 1.90–2.00 zone, where accumulation started.

Technically, the 2.00–2.10 area acts as base support.
As long as the price stays above this level, the upside targets are 2.49 (TP1), 3.70 (TP2), and 4.79 (TP3) — all aligned with key Fibonacci levels. Rising volume supports the bullish bias.

From a fundamental perspective, Luminar remains a major player in the lidar industry, with partnerships including Volvo and Mercedes-Benz. Despite short-term pressure from higher rates, operational improvements and scaling could strengthen margins in the medium term.

This setup looks like an early recovery stage — the sentiment shifts slowly, but sustained support above 2.00 is the confirmation needed. Emotions aside — we wait for structure and confirmation.

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