April 22, 2024

This week could be the one! Despite some institutional selling putting a damper on things, I'm issuing a bull warning to maintain your conviction on LAZR as we may see a breakout soon.

📊 LAZR Update:

Short Interest vs Float: 26%+
Short Ratio (Days to Cover): 14 days and climbing
Dark Pool Off-Exchange Shorting: A whopping 72%
These stats from Fintel indicate heavy short interest, with over a quarter of LAZR's float held short and a significant short ratio. Notably, the dark pool off-exchange shorting stands at a staggering 72%, suggesting intense bearish sentiment.

📈 Technical Outlook:
Despite the recent pressure, LAZR's chart shows signs of potential strength. With shorts heavily positioned against it, any positive catalyst could trigger a short squeeze.

📉 Institutional Selling:
While institutional selling has held us back a bit, it won't last forever. The shorts are desperate to hold this down, but their grip may be slipping.

🔍 What to Watch:
Keep a close eye on key resistance levels and any news catalysts that could trigger a breakout. This could be the week we've been waiting for.

🎥 Watch More Insights:
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📬 Disclaimer: For informational purposes only. Not financial advice. Trade at your own risk.

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