In this comprehensive update, we analyze Luminar (LAZR) post bull diamond breakout and its positioning ahead of a potential VIX rally.
Currently, LAZR is caught in a flag-style channel or flag continuation pattern.
If the VIX continues to rise, I expect LAZR to remain suppressed.
However, I am not bearish above $1.68 and maintain a moderately bullish outlook over the short run, with a fully bullish perspective for the longer term.